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New Accounts vs Age of Credit

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Anonymous
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New Accounts vs Age of Credit

If I have several new accounts, store credit, car loan, charge card which have brought my average age of my credit way down, if I close these accounts will this raise my average age or do they look at open and closed accounts to determine average age of credit
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Anonymous
Not applicable

Re: New Accounts vs Age of Credit

closing the accounts will not fix your avg age. Avg age is open and closed accts.



@Anonymous wrote:
If I have several new accounts, store credit, car loan, charge card which have brought my average age of my credit way down, if I close these accounts will this raise my average age or do they look at open and closed accounts to determine average age of credit



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