Credit online report Nebraska

Either way, with no outstanding debt and a clean history, your credit score is probably very credit online report Nebraska good.

I havent canceled my longest standing (or my wifes longest standing) credit cards for just that reason. We never use them, but they give our credits a nice long history.

I am in the process of canceling some unnecessary cards that weve only had for 4 or 5 years, though. For example, we switched our insurance companies and no longer need the rewards card that we were credit online report Nebraska using to pay our insurance through. To illustrate the point we ran a correlation of credit scores by the age of our users and you can clearly see that younger people have lower scores on average. trw credit report The result support that the age of your credit lines is an important factor is credit scores. Take a look: http://blog.creditkarma.com/credit-scores/relationship-between-age-and-credit-scores/ Great post! Like you, I too discovered the hard way that closing credit card accounts will not help my credit score. It seemed logical that closing an account I dont use would be the responsible thing to do, but not so, as far as the credit score algorithms would have it. Another reason that closing cards can be a bad idea is that youre lowering the amount of credit available to you (total of your credit limits) and depending on the amount of debt you continue to carry, this can look like youre overextending yourself. 3 credit scores free It can be a bit confusing, but it has to do the amounts owed portion of your score, which accounts for roughly 30%. I just wrote a blog entry about this if youre looking for more info: http://tinyurl.com/4p6slg Hey Ryan I cant second this enough. The only thing that she is consistently dinged on is length of credit history and she has 5 years of it. Considering she is 25, thats not that short a history, but short enough to where closing any credit online report Nebraska of her long running accounts could absolutely hurt her credit badly. You might need to check not only your credit score, but your credit report as well. I applied for a credit card once, never got it ( someone credit online report Nebraska might have checked my mail for me, if you credit online report Nebraska know what I am saying), then called the company and thought I had cancelled it. free credit score online I checked credit online report Nebraska my credit report one year later and I did see the credit card. I recently had one of my longtime cards closed by the store (Sears) because of lack of use, I hadnt used it in over 10 years.