Sentences with phrase «like average age of account»

All other credit activity like average age of account, opening, credit limit, and closing will be tied to the business.

Not exact matches

Things like the average age of credit and diversity of credit accounts matter a great deal.

Most of the free reports allow you to see a breakdown of the major factors impacting your score — this includes things like the number of hard inquiries into your account, the average age of credit, and payment history.

Every time you open a new form of credit, like a credit card or auto loan, you decrease the average age of each account.

Opening a bunch of new credit accounts can significantly lower your average account age and make it look like you are an over-eager credit seeker.

It depends on things like your purchase volume, credit limit, the age of your account and the average size of your transactions.

While a request for an increased limit may count as an inquiry just like opening a new card would, it won't reduce the average age of your credit accounts, which is also important for your FICO score.

However, what really makes it great is that you can downgrade this card to a no annual fee card like the Barclaycard Arrival and help to preserve and improve your average age of accounts and help build up your credit score.

So by holding onto the oldest cards it provides a better average age of accounts for all those new rewards cards I like to open.

Creditors and lenders like to see an average account age of more than five years.