Closing a credit card account that is inactive? How much will it affect my credit report?

Question

How does closing a secured credit card which I had for 2 years and haven’t been using in a long time affect my credit score?

Answer

Some bank closes an account after 12 months of inactivity. Once you close your account your available credit will drop. However what affect your credit score most is your failure to pay and using more than 30% of your limits. Having 3 cards can let you distribute your debt so that no card would exceed 30% of its limit.

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