Senior Contributor
Posts: 3,071
Registered: ‎05-17-2007
Re: Closing Aged Accounts.. Yes It Is Ok
[ Edited ]
So then closing a new account does not help you regain an older average age of accounts either. It is then the total of all revolving accounts open and closed that make up the average age. Then there really is no advantage of closing a new account that is "older" than "12 months". And also no advantage of keeping it either. Either way once you have the account it effects the score the same open or closed provided it is at least 12 months or older. (not discussing accounts under 12 months old) :-)

And I am discussing average age only. Not credit lines, UTL, ect.

Message Edited by ilovepizza on 06-07-2007 09:31 PM
If we never set higher goals we would never get as far.
sol, credit 101, acr, abbreviations, calc