My Credit Plan Blog

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My Credit Plan is the nation's leading FICO® Score improvement program with an average score improvement of 73 points! If you want to increase your FICO scores, set up an account today and start your credit score journey to higher levels! There is a minimal charge for services. My Credit Plan and its blog is operated by Family Financial Education Foundation, a 501 (c) (3) non-profit credit counseling agency. This blog offers many unique insights from direct research. My Credit Plan's blog and website are designed to help you find the correct answers to many of your questions, explain why, correct misinformation, and identify solutions to improve your FICO scores. Let’s go! (Information referenced on this blog must be sourced.)

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Nathan Grant from Credit Card Insider says that closing a credit card will lower FICO credit scores. Say What!?! This is actually a strategy I use quite often to raise a consumer's FICO scores. He points out that there is a lot of misinformation, but he fails to realize, he is the one generating the misinformation by telling people to not close a credit card account.