Sentences with phrase «reducing average age of accounts»

Canceling cards can hurt you in two ways, raising the «percent credit used», and reducing average age of accounts, so these are concerns.

Of course you can — but then, you reduce the average age of accounts and add to the number of inquiries, which may drop your score, at least temporarily.

It will reduce the average age of your accounts, which will hurt your score.

Of course you can — but then, you reduce the average age of accounts and add to the number of inquiries, which may drop your score, at least temporarily.

Second, shutting down the oldest accounts will reduce the average age of the accounts, which also subtracts from the score.

Not exact matches

That will reduce the average age of your credit accounts.

Similarly, closing your oldest credit account may also reduce your score a bit, both because your average account age will drop and your credit utilization will also go up, unless you pay off a chunk of your debt!

In addition, opening a credit card for the purpose of transferring a balance will reduce the average age of your credit accounts (ding), and if you close a credit card account from which you're transferring a balance, you will further reduce the average age and also the maximum age of your cards (ding and ding).

Closing a credit card account may reduce your average age of credit, especially if it's an old account.

In some cases, closing older accounts that have been open for a long time and are in good standing can actually help raise your score because it reduces the average age of your open accounts.

By opening a credit builder account, you may have reduced the average age of your credit history.

You could be penalized for reducing the average age of your active accounts if your secured credit card was the first account on your credit report.

If you open several credit cards within a couple of years, it really reduces the average age of your credit accounts.

However, be cautious with this approach: A new credit card can reduce the average age of your credit accounts and around 15 % of your credit score depends on credit age.

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.

Clickability, Inc. (San Francisco, CA) 2/2008 — 9/2009 VP of Engineering & Client Services • Managed and rebuilt engineering, professional services, and technical support departments • Directly responsible for increased efficiency, revenue, and expansion from 18 to 40 people • Implemented an agile / scrum development methodology resulting in 12 platform releases • Created a QA team that implemented full regression testing and automatic platform deployment processes • Instituted an agile / scrum implementation process that dramatically reduced project implementation time, led to more successful executions and higher project visibility for customers • Restructured all internal case management processes reducing the average case age from 20 days to 4 days • Constructed a Technical Account Management program for key all accounts • Provided clear transition and escalation processes for all teams while reducing overall escalations • Acted as key executive sponsor for many strategic accounts including NBC, Philly.com, Voice of America, Clarity Media, and BI Media