New Member
Posts: 10
Registered: ‎11-16-2012
How soon will closing an account factor into your score?

I know for a fact that the credit lines of closed accounts will still impact your utilization (and thereby affect your score) for 12 months after closing.


I am trying to find out if closing accounts will impact my average account age immediately, or will also have some sort of delay?


The trouble is, in an effort to improve my utilization, I went on a spree and opened a handful of accounts all at once. They don't have balances, so my utilization was helped big-time. BUT, it's hurting my average account age! With 4 newly opened accounts, my average age went from 6 years to 3 years and 9 mos!!!!! OUCH!


If I go and close those accounts, will my average age get fixed immediately (when the accounts update, of course)?


So... anybody know the answer to this for sure? Reasonable guestimations will be accepted.

I work full time as a credit analyst for one of the largest credit card issuers in the U.S. But, I am also a consumer trying to build my own credit!