ilmscore | Prediction Details
"Because your credit score is calculated by the average age of your account history, that often starts from the age of your very first account. But if you close that oldest account because you don't use it anymore, what you're really doing is erasing your oldest trade line. And when that happens, eventually the average age of your account history is going to drop."
By Graham Stephan | March 21, 2022 | Pending
From video
How To Get A PERFECT Credit Score For $0 00:12:19 - 00:12:36
Interpreted Prediction
Closing old credit accounts can negatively impact the average age of credit history, which is a factor in credit score calculation.

Prediction Details

Topic
Credit Score Impact

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