How Much Does Closing A Credit Card Hurt Your Credit

How Much Does Closing A Credit Card Hurt Your Credit

S
Smart Finance
5 Video Views·May 22, 2026

Are you having a hard time managing your credits? Well, closing your credit card is not the best answer! Why should you not close it? In this video, I will talk about how much closing a credit card hurts your credit.


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Watch And Enjoy!
Loral Langemeier

Key Moments In This Episode
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00:00 Intro & Summary
00:55 What Can You Do Instead Of Closing Your Card
01:23 How Closing Your Credit Card Could Hurt You
01:53 What Can You Do As A Parent If Your Kids Fail To Use Their Credit Cards Right
02:33 What Is A Good Interest Rate For Your Credit Card And What Is Debt
03:30 Who Is Making The Money If You Are Not Using Your Credit Cards Right
04:07 What Can You Do To Keep Your Credit Healthy
05:20 How Do Banks Make Use Of Your Money
06:20 Why Should You Be Comfortable With Debt
07:24 What Is The Core Of Keeping A Good Debt
08:22 How Long Would It Take To Resolve A Debt Problem
08:40 How Do You Apply For A Credit Card
09:56 How Long Will It Take To Have A Credit Card
10:45 What Else Can Credit Cards Allow You To Buy And How
11:08 How Can You Pay Your Debt
12:16 How Some Have Been Using Their Credit Cards
13:38 Where Can You Go If You Have Questions

What To Watch Next
========================
Best Strategy For Paying Off Multiple Credit Cards
• Best Strategy For Paying Off Multiple Cred...

Other Resources
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About Loral Langemeier

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