Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Scores
Profile Image

Question By
Reaper37172

0 Contributions
0 People Helped
Age of credit history knocked back to 0?
My credit report goes back to things from 14 years ago with my first co-sign. Last year I was accepted for a $2500 loan. A few months ago I opened a credit card account and THEN payed off my loan and my history age went back to "0" (very poor range.) I still get bill sin the mail from loan company that equals "0" so I assume that account is still open then? My age score was "Excellent" until I pay off a loan and my score drops 116 points? What kind of game is this?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
5038 Contributions
1134 People Helped

Do some reading so you know what the game is. Then start watching your FICO scores. Understand that when you close accounts your scores will usually decrease, but you do not lose the history or age of the account as it will stay on your reports, at least that is how it works with FICO scoring and that is the scoring that matters.

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.