No it will actually help you.... The longer you go without seeking credit the better your score is....
Inquires Fall off and your credit file matures....
You have a better chance of approval if you haven't applied for anything in years.....
Inquires Fall off and your credit file matures....
You have a better chance of approval if you haven't applied for anything in years.....
@longtimelurker wrote:
@MrDFinance wrote:
No it will actually help you.... The longer you go without seeking credit the better your score is....
Inquires Fall off and your credit file matures....
You have a better chance of approval if you haven't applied for anything in years.....Right, and remember this is "normal" behavior: outside of credit card forums, most people have very few cards and might have 10-20 or more years between applications.
And those same normal people find ways to default. Having 3 credit cards or 20 , if you arent responsible with them can both end in disaster...or good credit. Going years without apping is a great goal though
@TheBoondocks wrote:Hey guys, just a quick question I know opening up a lot of cards could bring your age down but let's say you don't apply for the next 2 or 3 years, just so that you could be under the 5/24 to get the Chase cards, if you do it that way, would it be bad for the credit score cause it took you 2-3 years to open up another card rather than sooner? Thanks!
No. The opposite. That's the best thing you could do for your credit.
@HeavenOhio wrote:By waiting, you'll
takereceive a significanthitgain (20 points, maybe?) because you've brought your AoYa (age of youngest account) tozero24 months and increased your AAoA by 24 months.But if you didn't wait, you wouldn't have earned those points to begin with.As mentioned, lenders like an AoYA that's greater than zero.
AAoA (average age of accounts) is harder to pinpoint, but if you drop below a threshold, you probably won't be hit by much.
@There @HeavenOhio I fixed that for you.
@SouthJamaica, it looks like you could read my post two ways, and you read it the opposite of what I had intended. 
I meant to imply that a new account would have brought the OP's AoYA to zero after not having applied for anything recently.
@HeavenOhio wrote:@SouthJamaica, it looks like you could read my post two ways, and you read it the opposite of what I had intended.
No you wrote it the opposite of what you had intended
@SouthJamaica wrote:
@HeavenOhio wrote:@SouthJamaica, it looks like you could read my post two ways, and you read it the opposite of what I had intended.
No you wrote it the opposite of what you had intended
Her post really confused me, glad its clarified.