Moderator Emeritus
llecs
Posts: 32,869
Registered: ‎08-04-2007
Re: Closing Aged Accounts.. Yes It Is Ok

highstream wrote:

So, taking what's been said in this thread, it appears that it pays to reopen at least some accounts that are nearing the 10-years-since-closing mark, since typically they will add to the average length of credit history.  Or are reopened accounts handled differently by FICO scoring?


Reopened accounts are treated as if they never closed. Now good luck reopening a 10 year old since-closed account. It would have to be the exact same account with the same account number that you had before. Creditors will usually tell you you'd have to reapply and that action would mean opening a new account, and not reopening the old.