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secretazure

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18 People Helped
Will opening a personal loan affect my average age of open credit?
Hello, I have a low average age of open credit (2 yrs, 5 mos or so) but have a decent CK score of 776. On CK it states that average age of open credit has "Medium Impact" on your overall score so I was wondering if opening a personal loan would impact this negatively.

I understand if I open a new credit card, for example, my average age of credit falls to less than 2 years and looks terrible so I can't risk opening a personal loan (for the sake of gaining 'mixed' credit types) lowering my score.

All and any help is very much appreciated on this matter.
Thanks in advance!

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8 Contributions
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To add on, the only reason I am even considering taking out a personal loan is to gain a more mixed credit. Right now ALL of my credit is coming from 3 credit cards and so my credit history lacks variety. 

Thanks again!

8 Contributions
18 People Helped

Not sure if I'm allowed to but I would appreciate the help so I'm bumping this.

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