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Does closing your most recent account raise back up AAOA?

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gsxraddict
Valued Member

Does closing your most recent account raise back up AAOA?

All my credit cards are 5 years old but I have one a year old, when the year old card posts as closed payed as agreed will the average age of account increase to 5 years?

 

I guess, does it only apply to open credit lines?

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1 REPLY 1
Anonymous
Not applicable

Re: Does closing your most recent account raise back up AAOA?

AAoA counts both closed and open accounts.  So no, if that card reports as closed, your AAoA will be the same as if it were open.

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