Скачать или смотреть What Does Account Age Mean For Credit?

Ever wondered how the lifespan of your credit accounts impacts your financial standing? This video dives deep into the crucial role of 'account age' in shaping your credit score and overall creditworthiness.

Discover the key insights about account age and your credit:
► Account age is a significant factor in your FICO score, particularly under the 'Length of Credit History' category.
► Lenders view longer-standing accounts positively, as they indicate a stable and responsible borrowing history.
► Opening new accounts can temporarily lower your average account age, potentially impacting your score in the short term.
► Closing old, unused accounts can inadvertently reduce your average account age and is often not recommended unless necessary.


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