 Posted: Fri May 26, 2006 9:23 am Subject: |
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Positive accounts will remain for 10 years after they are closed. As far as I understand, closing accounts can hurt your credit score, because one of the factors that raises your score is the average age of your accounts. If you close accounts, your average age will not go up at all. It is better to just "sockdrawer" the accounts - throw them in your sockdrawer and let them get old  Use them once in a while to buy a soda and pay in full.
As far as the GAP question, I am not sure. I don't think they can do that, but I am pretty sure you can have an authorized user on the account. Hope I have helped a bit!
~Mary
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Mary
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Joined: 23 Jan 2006
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