How to cancel a credit card in 5 steps
Canceling a credit card lowers your credit score, but you can minimize the damage.
Thomas Brock, CFA, CPA, is an accomplished financial professional with over 20 years of experience in investments, corporate finance, accounting and financial consulting.
His investment experience includes oversight of a $4 billion portfolio for an insurance group. Varied finance work includes the development of multiyear financial forecasts and KPI dashboards, credit analyses and the evaluation of capital budgeting proposals.
Earlier in his career, Thomas managed various accounting and financial planning functions and led many transformational initiatives, including a general ledger conversion, a financial reporting system implementation, the establishment of a centralized procurement office and the execution of due diligence reviews and integrations for several multi-million-dollar merger and acquisition deals.
In a consulting capacity, he has assisted individuals and businesses of all sizes with accounting, budgeting, financial planning and investing matters. He has also lent his financial expertise to a several well-known websites and tutored students via a few virtual forums.
Thomas holds a Master of Business Administration from Franklin University and a Bachelor of Science in business administration from Bowling Green State University. He is a chartered financial analyst charterholder and a certified public accountant.
Canceling a credit card lowers your credit score, but you can minimize the damage.
Returning an item purchased with credit will cause points earned to be deducted.
Avoid common debt traps and take control of your finances with these smart tips.
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Here’s a look at the advantages and disadvantages of a business line of credit.
Learn more about alternatives like term loans, lines of credit and SBA loans.
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