@Anonymous wrote:
My average credit card is at 3 years. For some stupid reason. I got a finger hut cars two years ago and have never used it. The limit is only $300. Would it hurt to close this account? If it's been positively reporting for 2 years, close it without a second thought. It will continue to report as a positive TL for the next 10 years.
I also have a capital one card showing up as open and says I have had it for 10 years. However, this account has been closed for five years. Should I leave it as open or call capital one to ask why it's listed as open. When I called capital one about my current card I've had for just a few months, it asked which card I was called about. This account isn't helping my cushion for debt to credit ratio because it is listed with a $0 credit line. Double check your credit report to make sure it is closed on the big 3. If you had the card open for 5 years, closed it and it has been closed for 5 years this is where it could be showing the age of 10 years in some cases. Now, if you've called CAP1 and they are asking which account and they are seeing them open, perhaps you've just not used the accountn for 5 years and they've failed to close it for inactivity as they should have.
Any help is appreciated. I am on a serious mission to do whatever I should to buy a home in a year.
Good luck
@Anonymous wrote:
Thank you for replying. It is definitely closed but not reported that way on any of the reports...but I am a little scared to call because it may bring my average account age down drastically. It really did shock me when it asked which account because the account is definitely closed. It went to a collection 5 years ago and was paid in full 4 years ago.
You paid it in full, so it will be on your account for at least 3 more years. After that if it's a derog it'll drop off your account and your AAoA's will possibly take a hit.
Oh okay! Thank you. Man, 3 more years 
I was hoping for less. Darn it
I was hoping for less. Darn it
Zorasmiles,
Thank you for the finger hut advice. Should I wait until it's an even amount of months? They haven't even reported to my experian since 2013..it reported for 3 months and nothing after that. Should I make a purchase so they will report? Will it update when I close it to say I've had the card for two years?
Thank you for your help
Thank you for the finger hut advice. Should I wait until it's an even amount of months? They haven't even reported to my experian since 2013..it reported for 3 months and nothing after that. Should I make a purchase so they will report? Will it update when I close it to say I've had the card for two years?
Thank you for your help