Sentences with phrase «age of credit stops»

If you have an old account and close it, your average age of credit stops increasing and that account will eventually stop being counted in the average.

Not exact matches

Once I saw the impact of my spree, I stopped applying for new accounts, and my age of credit eventually bounced back up, with my score following suit.

Yet when focusing on the long run, your score is likely to benefit from the above - noted scoring pluses long after those inquiries stop counting in less than a year from now and as all of your existing credit accounts — both good and bad — continue to age.

Stops the aging of delinquent accounts and upon discharge of your case you will be given a chance to rebuild your credit.

Firstly, the age of the account stops growing so your credit score won't be increasing as quickly as it should be.

Also, the average age of your credit accounts increase less quickly because the age of your Virgin America credit card account stops growing.