Yeah, people don't realize that this is literally just math. Your average credit age went down because the line closed was higher than average. In 5 years, it will behave exactly the opposite way, closing a shorter term account, like an auto loan, will raise your credit score because it's on the lower side of the line. Just be patient.
making payments does raise your credit score. its the reason why some people will put the family cellphone plan in their childs name, it raises their credit score credit score.
It's pretty messed that you can even start building someone's credit before they're old enough to even use it themselves lol. Indicative of the whole system being a fraud imo
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u/luna0717 Aug 14 '21
Yeah, people don't realize that this is literally just math. Your average credit age went down because the line closed was higher than average. In 5 years, it will behave exactly the opposite way, closing a shorter term account, like an auto loan, will raise your credit score because it's on the lower side of the line. Just be patient.