T tf57 New member Nov 27, 2006 14 0 1 Jan 24, 2009 #41 Got the same letter from TD this week. Closing your LOC may lower your credit score. If you shut down your LOC, your total available credit shrinks. Your balances, as a percent of available credit, grow larger. That can hurt your score.
Got the same letter from TD this week. Closing your LOC may lower your credit score. If you shut down your LOC, your total available credit shrinks. Your balances, as a percent of available credit, grow larger. That can hurt your score.
