Moderator Emeritus
llecs
Posts: 32,880
Registered: ‎08-04-2007
Re: Closing Aged Accounts.. Yes It Is Ok

jayrock24 wrote:

im still clueless as to what to do about 2 new accounts i just opened they are 1 month and 2 months so are you saying that its ok to close the new account as long as it is under 12 months whats the diff between 12 months and 1 month old accounts                                                                                                                                                                                                                                              


No...they still factor into your age whether you close them at 5 months or 5 years. You've already been dinged for the new credit account and that'll go away with time. If you want the accounts just keep them open and the new account ding will disappear within a year usually.