Will Closing Old Account Raise My Credit Score?

NO. The Fact is it will probably lower your credit scores. Also, if there were late payments on the account they don't disappear. If you have an old account with good established pay history and credit management you don't want to close it. You want to use it at least every 4-6 months for small purchases. Do NOT wait a year to use it, that will also make your credit scores go down. More tips to come on Managing your Credit Report.