Company cancels account
Due to a bad co-signing decision and being the sole caretaker of an elderly parent, my credit is an absolute mess. However, I've been slowly getting back on track, even though I have miles to go.
I had several credit cards that I have not used and paid off the balance. I did not cancel them after they were paid because according to what I have read, that is not a good idea. However, the companies cancelled the account due to my situation even thought I was never late with payments. My question is: If a company cancels the account, is that worse than if I had or if it had just laid dormant? I feel as if it is always one step forward, two steps back.
Thank you for your help.