xurlii Posted May 20, 2005 Report Share Posted May 20, 2005 Does anyone know how old an account should be before closing it would affect your FICO score? Link to comment Share on other sites More sharing options...
wert Posted May 21, 2005 Report Share Posted May 21, 2005 Not too many reasons for closing an account. If it's paid in full, like a credit card, throw the card in the sock drawer and keep it open.Part of your score is length of accounts. The longer its open, the more it helps your score. Link to comment Share on other sites More sharing options...
Champion80 Posted May 25, 2005 Report Share Posted May 25, 2005 And at the same time, if you have made it to the "good credit" rating, depending on whom you are trying to get new credit from THEIR credit approval system and their approval team will take into effect your income and your current amount of open credit to approve or deny you.Also something to remember, creditors have no way of actually verifying your income, they say they can get an idea from your payment history. Which I am sure they use that to guess, but you can say you make $80,000 and they wouldnt know Great Progress on your scores Wert!! Link to comment Share on other sites More sharing options...
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