Sentences with phrase «since average account age»

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At the same time, being careful and cautious about opening new accounts can be helpful as well, since these younger accounts can affect the average age of all your accounts.

Since leaving a credit card open can increase your average account age over time and help you maintain a healthy credit score, you'll need to know how hard your card will work for you beyond the first year.

To achieve an excellent score, you need to be especially careful about shutting down long - standing accounts, and you shouldn't open too many new accounts at once, since this can drag down the average age of your accounts.

At the same time, being careful and cautious about opening new accounts can be helpful as well, since these younger accounts can affect the average age of all your accounts.

If the card you're downgrading is one of your oldest credit cards, best to keep it open and not close it, since average age of accounts is an important part of your credit score

So if you want to cancel the business card before an annual fee hits and you can't get a retention offer, there won't be much of an impact on your credit score since your utilization will go unaffected as will your average age of accounts.

You'll often lose some key benefits to your card when you change it to a no annual fee version but you'll still be able to benefit since you're allowing your average age of accounts to age by keeping the card.

This means that you want to keep your oldest credit cards, since they help lengthen your average age of accounts and counterbalance the negative effect of closing cards you've only had a short time.

The age of your oldest account, the average age of all your accounts, and how long since you've used certain accounts are among the items scored.

Your FICO ® score takes into account how long your credit accounts have been established, including the age of your oldest and newest accounts and an average age of all of your accounts, how long specific types of credit accounts have been established and how long it has been since you used certain accounts.