Think a closed account can’t help your credit? Think again. When handled right, they can actually boost your profile. Here’s how:
📌 Seasoned history: A closed credit card with positive payment history still adds to your length of credit 🕰️
📌 Proof of follow‑through: A paid-off installment loan (like Self or a car loan) shows discipline & commitment ✅
📌 Lender trust: Closed student loans in good standing build credibility with banks and lenders 🎓🤝
💡 Pro tip: Don’t rush to remove closed accounts in good standing — they might be helping more than you think!
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