3 years, 2 months ago
Is it bad for your credit score to change banks?
And to expand, is it bad for anything, not just your credit?
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M$1 Answer
Changing banks will not affect your credit score. However, if you abruptly close your accounts, this can indirectly affect your credit. Lenders, who make the decision about granting you a loan, consider these aspects as well as your credit history. You can read more about it here:
http://www.myfico.com/CreditEducation/
http://www.myfico.com/CreditEducation/
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