Member since: October 2010
Total Contributions: 1
Having an open CC account for many years will increase your score; one of the factors in the score is the average age of your CC accounts. Another factor is your ratio of CC balance to maximum balance (lower is better) so if you apply for a CC and stick it in your desk drawer, your rating will probably improve. The only downside is that they use the average maximum balace as well, so if you have a few $500 maximum balance cards, that will bring your score down.
Response Reply posted 3 months ago
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