"Age of Credit"= number of years of the oldest credit account you owned.
Suppose you opened Credit Card Account A and Credit Card Account B 5 years ago and 3 years ago respectively, your "Age of Credit" will be 5 years. Even in the near future, you close the Credit Card Account A, your "Age of Credit" will still be calculated since the year you opened your oldest credit account, i.e. Credit Card Account A. So, in this case, your "Age of Credit" will still be 5 years.
1. If your "Age of Credit" shown is slightly different from what you've seen in TransUnion(TU) report, it could be due to different method of rounding up numbers.
Still have questions? Contact us.
Please sign in to leave a comment.