Credit Education The Power of Keeping Accounts Open
A lot of people close old cards when they stop using them
That hurts your score
Length of credit history is a major part of your profile
The older your accounts are the more trustworthy you look to lenders
Closing old accounts brings your average age down
A low average age means a lower score
Unless a card has a very high annual fee keep it open
Use it once every couple of months for a small purchase
Pay it off
Let it report
Build age
We are building long term wealth not short term excitement
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Credit Education The Power of Keeping Accounts Open
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