You might also wish to open multiple accounts so that future lines will have less of an impact on your average
age of open credit lines.
Is your credit history solid, with a consistent pattern of on - time credit card payments and a reasonable
number of open credit lines?
As a borrower, you would need to have a credit card or some
sort of open credit line in order to qualify for a cash advance.
These include bankruptcy, collections, foreclosures, late payments, length of credit history, number of credit inquiries,
number of open credit lines and outstanding debt.
More American households are rolling that debt from one month to the next than before the recession, and the
number of open credit lines is set to soon surpass the previous high in 2008.
I've had credit for 30 years now, yet when I look at my report card as offered by Credit Karma, I find that my average age
of open credit lines is only 6 years 4 months.