What happens to your credit score if you cancel unused plastic?

Michael has a credit card he hasn’t used in about two years. It has no balance but it does have a $6 monthly fee.

Michael’s question: If he cancels the card, will it affect his credit score?

ASK LAZ: Smart answers to consumer questions

Generally speaking, creditors get fidgety anytime someone cancels plastic. They suspect that you’re carrying beaucoup debt and thus represent a greater risk. So your credit score can go down.

Should you worry? And how many credit cards should you have?

For the answers, check out today’s Ask Laz video.

If you have a consumer question, email me at asklaz@latimes.com or contact me via Twitter @Davidlaz.