Moderator Emeritus
llecs
Posts: 32,869
Registered: ‎08-04-2007
Re: Oldest Account On Fico

Strike the word "opened" from your quotes. Per FICO, it doesn't matter if it is opened or closed. Your oldest account will be 15 years old today when opened and still will be 15 years old if closed tomorrow.

 

The reason the prev. poster asked why is because of you close this 15-yr old account now, it'll still factor into your length of history and AAoA. However, in 10 years it will disappear from your CRs. In other words, it is 10 years between your oldest and 2nd oldest. Once it deletes, you lose 10 years of history and you'd likely see a significant score drop...but that's 10 years from now.