Oldest Account On Fico
11-13-2012 09:34 AM
About the oldest account opened on Fico score, is this the oldest account opened/closed?
I understand that closing account has No effect on AAOA as it stays on the report for 10 years
and it Does affect util ratio as credit limit is no longer available.
What about Oldest account opened section of Fico?
I am asking because I wish close my oldest accont and want to know if it would have any effect on my length of history.
Thank you for your time reading my post ! :d