Sunday, February 6, 2011

Account Age

Account age, or length of history, is the amount of time you have been using your credit for. The longer the better. The idea is that creditors can better judge your history if they have more information, which they get from you having a longer history.

The biggest tip to keep this portion of your score high is to keep your oldest accounts open if you can. So, keep that credit card you got freshman year of college around (as long as it does't have an annual fee).

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