I did close the account, becouse of the high APR and ANF, and never graduated not even consider a soft pull to do it, right now my utilization is 1% on 8500k credit,
still dont understand , really freak me out
so how long take to recover from this, and what to do in order to raise up my score 
thanks
Card was secured one(500 limit) when the account was closed the balance at the time was showing zero balance, is already showing in my 3 reports as closed at zero balance, the card also had a high APR29% and ANF 39.00
Chris, wahat you say ,makes sense , my other cards are newer , check this out, before close this account my reports was showing oldest acccount (8 years)
now that is closed, my reports is showing oldest account ( 2 years) SO basicly Losing BOFA reduced my AAOA, thats wy my scores was crashed?
how to recover from this?? is ther any way??? to raise up again?? thanks you alll
if i knew was going to be a big hit in my scores i would had hold on longer untili had reach my score the 700s or above, but seing my card sitting ther (500Limit) with out being graduated, and the APR and ANF was so high, that forced me to close that account too late now lesson learned
Thanks ghGirll123, time will tell
@Anonymous wrote:Chris, wahat you say ,makes sense , my other cards are newer , check this out, before close this account my reports was showing oldest acccount (8 years)
how to recover from this?? is ther any way??? to raise up again?? thanks you alll
Closing an account should not reduce your AAoA as it is still on your reports for many years. The main reason closed accounts hurt you is potentially increasing utilization. Fortunately, once your utilization goes down, your score will go back up immediately.
I have noticed a blend of using both your AAOA and/or Oldest account as a factor in your score on certain reporting sites. It could just be a specific site that uses the oldest account as a criteria. For example Capital One Credit Tracker uses oldest credit line which has a high impact on their scoring model:
| a | >25 | 20.91% |
| b | 8-25 | 55.98% |
| c | 2-7 | 18.15% |
| d | <2 | 4.96%
|
According to their model you would have dropped from a "B" category to a "D" category. Also as you stated in your previous post:
Chris, wahat you say ,makes sense , my other cards are newer , check this out, before close this account my reports was showing oldest acccount (8 years)
now that is closed, my reports is showing oldest account ( 2 years)
SO basicly Losing BOFA reduced my AAOA, thats wy my scores was crashed?
how to recover from this?? is ther any way??? to raise up again?? thanks you alll