Re: Closing Accounts
05-24-2010 09:37 AM
My other question is that if I close these other accounts that are only a few months old, will that help increase my AAoA or lower it? I know thats a factor too.
Robert's right. Closing accounts doesn't affect AAofA. AAofA is calculated using all the accounts on your CR (except, I believe, Collection Accounts).
It is calculated from open date to current date whether the account is open or closed.
Here's a helpful link on closing accounts (it's also sticked at the top of the Credit Cards forums: