I closed my oldest credit card a few weeks ago.
(For reference, I don't keep any old credit lines open if I don't use them. My FICO tends to be 800-ish regardless, so I don't really see the point to keep old cards open).
Anyway, the card is 4-5 years old and I have nothing else much older than 1 year. Usually the mortgage helps it all even out, but our current mortgage is only about 2.5 years old.
I am kind of in current conundrum because the second these rewards dried up and I Decided to drop this really old card (it had a good rewards run!), another of my credit lines was closed for non-usage. So, usually I have something a little older to hang on to! (I could have made a purchase to keep the card open, but didn't care *that* much. I replaced it with a CU credit card that I expect to keep long-term).
That said, creditkarma.com told me that my "length of open credit history" score was an F, so I figured it would be hard to make it much worse than F!
I checked a couple of times, but the recent account closure was not showing up.
Until today. My FAKO score dropped one point.
I didn't expect it to amount to anything, but you never know.
One point down - so be it!
-1 to FAKO
September 7th, 2011 at 10:13 pm
September 13th, 2011 at 09:18 pm 1315948681