When you close an account or tradeline, you retain the age of that tradeline for 10 years. But, you could still be negatively impacted by a closed account. For instance, closing a credit card will result in a higher utilization…
If a credit card issuer seeks to reduce its risk with a cardholder, the issuer might opt to “balance chase” the customer by lowering the cardholder’s credit limit as the balance is paid down. Impacts of balance chasing If the…
Your middle score is typically used by mortgage lenders when determining your mortgage eligibility. To obtain your middle score, your lender will obtain a credit score from each of the three major credit bureaus (Experian, TransUnion, and Equifax). Of those…