07-09-2007 11:55 PM
07-10-2007 11:20 AM
thomasil74 wrote:I am getting ready to buy a house, therefore I am trying to improve my FICO score as much as I can, and I need some help. When I obtained my FICO score the report gave my some key factors affecting my score and these were:The length of time your accounts have been established is relatively short.I do have a few revolving accounts and student loans that have a current status of TOO NEW TO RATE. Are these negatively affecting my credit score and if so is there anything I can do?Second a few years ago I made the mistake of closing most of my credit cards that had a $0 balance. In doing some reading everybody recomments not to close any accounts, and if you do so it can have a negative impact on the credit score. Is there anything I can do with the closed revolving accounts to improve my credit score? Can I reopen them?Any help is appreciated.Thanks in advance.
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