No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
I know I have duplicate lines from when I had cards reissued after the Target breach. They seem to help my average age of accounts. I would think that the negatives would impact as well. Hopefully, someone more educated in this will answer soon!
I could be wrong, but probably in 3-4 months the oldest account will be gone. For now they are parallel accounts so you don't loose history, etc. When I reported a lost/misplaced cc, they reported simultaneously for a couple of months or so. Then shazam! The original account number/history were gone and merged into the new account number. It did not effect my Fico Score one way or the other when they both reported.
@GFer wrote:I know I have duplicate lines from when I had cards reissued after the Target breach. They seem to help my average age of accounts. I would think that the negatives would impact as well. Hopefully, someone more educated in this will answer soon!
If OP appears to have duplicate TLs, it might be worth checking to see if the open dates are identical as well.
If an arbitrary TL is deleted from a report, whether doing so helps or hurts AAoA depends on the age of the TL relative to the overall AAoA.
@user5387 wrote:
@GFer wrote:I know I have duplicate lines from when I had cards reissued after the Target breach. They seem to help my average age of accounts. I would think that the negatives would impact as well. Hopefully, someone more educated in this will answer soon!
If OP appears to have duplicate TLs, it might be worth checking to see if the open dates are identical as well.
If an arbitrary TL is deleted from a report, whether doing so helps or hurts AAoA depends on the age of the TL relative to the overall AAoA.
Thanks user 5287. I just checked my equifax report and the Ocwen Mortgage is reported 2/2007 (date opened). The GMAC on the other hand is saying (date not reported). So does this mean the GMAC is not being facotred into my AAofA anyway (and I should ask for it to be removed)?
All of the other data is identical.