7h • 🗣️ General Discussion
The "Use It or Lose It" Rule 🛡️
Your oldest account is the anchor of your credit score. If it sits dormant for too long, the bank can close it without warning—and your score will tank.
The Reality Check:
đźš« The Shutdown: Banks close inactive accounts to reduce their risk.
📉 The Loss: When an old account closes, you lose years of "age" and a chunk of your available credit.
🛠️ The Fix: One small purchase every 6 months is usually enough to keep it "alive."
The Strategy: Put a tiny recurring charge (like a streaming sub) on that old card, set it to autopay, and put the card in a drawer.
✅ The Fact: Your credit age is one of the hardest things to build because you can’t rush time. Don't let a bank delete years of progress just because of inactivity.
Comment OLDEST — how old is your oldest account?
1
0 comments
The "Use It or Lose It" Rule 🛡️
skool.com/lbd
Credit clarity through a 🔥FREE Done-For-You Credit Repair🔥.
Smarter strategy. Fewer mistakes. Life By Design starts here. ✨
Powered by