Trying to have a credit history in adulthood is something that all people should consider, because although not everyone requires a purchase on credit, those who do need these payment facilities They must demonstrate their financial responsibility to obtain greater benefits.
The most advisable thing when starting an independent life is always to hire a credit card, which allows financial administrations to know if the owner makes the corresponding payments on the indicated dates, or on the contrary, they are found in the credit bureau.
Although this service has its advantages and disadvantages, those who have already acquired them and have demonstrated good management of their resources now prefer to cancel their cards in order to avoid further debt, but how good is this action? Here we tell you.
Will my credit history be affected if I cancel a card?
There are thousands of reasons why a person decides to cancel their credit card, either because they have more than three, the services provided were not to their liking, the annual payment or other issues turned out negatively, or simply because they have already They don’t want to have it.
In this sense, the BBVA Bancomer website tells users that if they have to cancel a card, there is no major impact on the credit history, since this is not eliminated with the absence of financial activity.
However, the banking site recommends that people only deactivate a card if they have too many, but otherwise if there is only one card, it is best to learn how to use it so that there is certainty of good financial management.
Because the credit history is not erased, those people who want to cancel their card so that there is no evidence of mismanagement of their money will not have any benefit from this action, since the black spots on their transactions will still be there.
Can it affect my credit history? enlarge
What happens if I don’t pay my credit card?
This is a question that you should not ask yourself for any reason, not only because it is the first thing that financial institutions prohibit when processing these services, but also because of the negative consequences that you can have.
In the case of not making the corresponding payments, the person will receive reminders by telephone call from the financial institutions that own the service, and after a period of time in which they have been ignored, the card will be cancelled.
After a long period of being in the collections area, your credit history will be seriously affected and in the event that in the future you want to request greater support such as a house or a car, you will be denied.
KM
2024-01-22 00:41:47
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