Posts: 17,306
Registered: ‎07-14-2009
Re: Closing Aged Accounts.. Yes It Is Ok

MagicShot wrote:

Tuscani wrote:

Yes, it counts towards your history as a seven year old card. And the 10 yr clock for its removal begins on the date you closed it, not when it was opened.

Is this Still true today as in meaning since the the Credit Card Law went into effect?

Yes all this still applies. The Credit Card Act did not change any of this. As far as I know.




From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".