Credit Cards

[jimlenz]

I am pretty fortunate to have a credit score at 780.  However, where I struggle is in age of credit card.  I mistakenly closed 3 old cards, though they are still on my report for a few more years. 

I have opened 5 new accounts since 2008 which is having a negative affect on my aging.  I am trying to figure out how to get the aging score increased.  Based on what I have read, I should continue to keep the new accounts open, despite what they are doing to my score.  Is this correct?

Any other suggestions?

Thanks

Jim

[Creditaddict]

You have already taken the hit for opening new accounts, so closing them now will not help you.

[Alexandria]

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Creditaddict wrote:

You have already taken the hit for opening new accounts, so closing them now will not help you.

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^^^ that and don't open any more accounts. You could also maybe become an AU on someone's old account to add it to your AAOA.

[Wolf3]

How is a 780 score a struggle?

[jimlenz]

I think I phrased this wrong.  780 is a good score, I am not complaining.  I screwed up and closed some old cards and opened some new ones.  Based on the comments, there is not much I can do but let them mature and age and when my old closed ones go off, hopefully it wont hurt my scores too much. 

Jim

[Wolf3]

I thought a lender wanted a better score to get credit or better rate.

This is one of the rare problems were doing nothing but wait is the best.