Hi guys
Would anyone know if age of account calcs for fico are balance weighted? I just opened a TL with an existing lender BofA (will be coming up to 1y of credit history) and I also got a CLI on an old, unused TL.
I'd like to move most of my limit from the old card to the new one and only retain a $500 limit so I can keep the card open (no AF). Should I expect a ding for reducing and older TL's balance? Or are dates calculated as simple and not credit limit-weighted averages?
Thanks
Would anyone know if age of account calcs for fico are balance weighted? I just opened a TL with an existing lender BofA (will be coming up to 1y of credit history) and I also got a CLI on an old, unused TL.
I'd like to move most of my limit from the old card to the new one and only retain a $500 limit so I can keep the card open (no AF). Should I expect a ding for reducing and older TL's balance? Or are dates calculated as simple and not credit limit-weighted averages?
Thanks
The only time CL's affect your score is if your util goes up or down.
Thanks guys.
It's a moot point. I called BofA and they said its a no go. Can't move CL without HP even though I just had two HPs with them. (On donor card graduating and a new card approved).
Hoping that BofA does unsolicited CLIs down the road.
It's a moot point. I called BofA and they said its a no go. Can't move CL without HP even though I just had two HPs with them. (On donor card graduating and a new card approved).
Hoping that BofA does unsolicited CLIs down the road.
