Closing old credit accounts can negatively impact the length of a consumer's credit history, which is a factor potential creditors use to assess the ability to repay debt obligations over time.

Authors

• Person: Not available Organization: Credit Union of Colorado
  7 Behaviors That Hurt Your Credit Score | Credit Union of Colorado

Sources

• 7 Behaviors That Hurt Your Credit Score | Credit Union of Colorado www.cuofco.org Credit Union of Colorado via serper

Referenced by nodes (1)

• credit history concept