Fix your credit pointer #3
Credit History is important!
Basically, the longer the better.
A long history paid on time will be a strong foundation for a good score.
Do not close credit accounts with a long history. If you have a card that has been open since 1992, GREAT! Keep it, even if you don’t use it or just use it periodically. If you do not like the terms of that card call and see if you can change the terms rather than cancel the card. Make sure the account number does not change! This is very important. (A few years ago Citi Bank aggressively tried to change as many of their card holders from Visa to Mastercard because it was less expensive for them. This changes your account number and starts your history over again. This negatively affected peoples credit. Don’t do this!)
Excellent article and very true. Length of credit history is very very important. Do not close dormant accounts with long credit history as it may adversly affect your credit and lower your debt to credit ratio. We teach you all this and more at http://www.AttractiveCreditSecrets.com Check us out and receive a free credit repair guide.