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Does closing cc generate an 'inquiry'?

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Does closing cc generate an 'inquiry'?

   
Old Feb 18, 2008 | 7:58 pm
  #1  
veggie_lover
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Join Date: Jan 2008
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Does closing cc generate an 'inquiry'?
I searched but could not find the answer. My guess is no, but want to double check before I cancel a few.
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Old Feb 18, 2008 | 8:06 pm
  #2  
garfangle
 
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Originally Posted by veggie_lover
I searched but could not find the answer. My guess is no, but want to double check before I cancel a few.
NO.
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Old Feb 18, 2008 | 8:42 pm
  #3  
FriscoHeavy
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No, it does not
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Old Feb 18, 2008 | 9:51 pm
  #4  
broadwayblue
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as the others have mentioned, no it doesn't. but closing old accounts can have a negative effect on your credit score.
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Old Feb 19, 2008 | 2:55 pm
  #5  
soitgoes
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Originally Posted by broadwayblue
but closing old accounts can have a negative effect on your credit score.
indeed...particularly in two ways:
1) reduce the average age of your accounts (older is better). You shouldn't close a card if it's your oldest account on your report--if it's an annual fee card, see if you can switch to a no-fee version.
2) increase the utilization of your availability credit. (lower is better).

If you keep these things in mind, go ahead and cancel.
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