As people are trying to figure out what to do with their credit cards and credit scores because of their credit card problems, a lot of them are resorting to closing their credit cards with the thinking that this will avoid possible decreasing of credit scores. But what they do not know is by doing so; it will only have opposite effects. By closing a credit card, negative marks will be placed on your free credit report which is permanent and will surely do damage to your credit score.

As a smart credit card and account holder, you will know that having low credit score is not good for you and your account. Also, your credit companies will think that you are not responsible enough to handle your credit cards because you were not able to pay for your bills and that you are running from these responsibilities. Here are a few examples of the types of credit cards which you definitely should not close because of its negative effects.

The first type of credit card which should not be closed at all is your only credit card. The services of credit cards can only be fully enjoyed when one??s user or holder knows how to use it. And more often than not, mismanagement will resort to closure. Closing your only credit card will only make your credibility under judgment by your own credit company that you are not capable of managing your credit account and that you will not be able to do so further.

You will also have a hard time in opening a new credit card account with other companies because this will make a mark on your credit report which can be seen by credit agencies that you applied to. These companies will also think that you lack experience in handling credit cards saying that you cannot handle a new credit card again. The question of responsibility will also be there because they will think that you are not responsible enough to take care and handle your own bills, which makes you more vulnerable of doing it again.

Another type of credit card which should not be closed is those credit cards with available credit. The available credit remaining in your credit card will drop to $0 which will make it seem like you have maxed out your credit card. This act will get your credit score definitely lower because maxing out credit cards will make it seem like you are not capable of paying things in cash, and closing it will only make it seem like you are running from bill payments.