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Closing an acct before it posts

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Leapling
Valued Member

Closing an acct before it posts

Just curious, 

If I close an account before it actually hits my report, does it impact my AAoA?

 

Message 1 of 9
8 REPLIES 8
Slabenstein
Valued Contributor

Re: Closing and acct before it posts


@Leapling wrote:

Just curious, 

If I close an account before it actually hits my report, does it impact my AAoA?

 


Closing a recently-opened account will not prevent it from reporting and being included in your aging metrics.


Message 2 of 9
blindambition
Senior Contributor

Re: Closing and acct before it posts

It will still report, even if card isn't  activated. Will still be considered in aging calculation. If closed, will be on report up to 10 years.

You took the HP, might as well get use from it.

Message 3 of 9
Leapling
Valued Member

Re: Closing and acct before it posts

Thanks guys! Appreciate the feedback.

Message 4 of 9
Mr_Mojo_Risin
Senior Contributor

Re: Closing an acct before it posts

Yeah, once the account is opened, it will be reported to the CRA's.

The account will factor into your AAOA.

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Message 5 of 9
AverageJoesCredit
Legendary Contributor

Re: Closing an acct before it posts

If one opens a Sync account it will report faster than i can type this post😁

Message 6 of 9
blindambition
Senior Contributor

Re: Closing an acct before it posts


@AverageJoesCredit wrote:

If one opens a Sync account it will report faster than i can type this post😁


Ain't that the truth brother!! 
Smiley LOL

Message 7 of 9
babygirl1256
Senior Contributor

Re: Closing an acct before it posts

Since it's still going to report for 10 years I would at least activate it and use it to show some positive history!!!

Starting FICO 8 Score in 06/2019: EQ-625, TU-649, EX-640
Current FICO 8 Score in 06/2021: EQ-796, TU-806, EX-812
Goal FICO 8 Score in 06/2022: EQ-825, TU-850, EX-850
Message 8 of 9
Anonymous
Not applicable

Re: Closing an acct before it posts

Lol.  You can say that again!!!! @AverageJoesCredit 


@AverageJoesCredit wrote:

If one opens a Sync account it will report faster than i can type this post😁


 

Message 9 of 9
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