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DaveSignal
Posts: 2,111
Registered: ‎07-29-2011
Re: Closing Aged Accounts.. Yes It Is Ok

The opening post for this thread was a correct post about AAoA.  Your score dropped when you paid off the mortgage because there is also a FICO scoring area for "types of credit" and you lost a major type of credit in your mix of accounts by closing the mortgage account.   Nobody said that FICO seemed like a reasonable scoring method.  It's not broken, this is just how FICO works.  I think some of the reasons my score fluctuates are crazy too, but it is what it is and this what the lenders use.  

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