The amount of misinformation about credit scores posted here is staggering. Most of you need to visit Creditboards or MyFico forums before you post such information. Just a few of things:
1) Increasing your CL’s will only help your score not hurt it. By increasing your CL’s you will lower your utilization.
2) Closing an account has little to no effect on your score. It will not affect your AAoA until it falls off in 7 – 10 years if at all. It will affect your utilization depending on how much debt you have outstanding.
3) I have never seen where to many accounts actually hurt your score. Counting closed accounts I have more than 50 on my report.
4) Not even the credit bureaus know exactly how your score is figured. FICO is the only one that knows there own algorithm.
5) The comments you receive with your score do not come from FICO. They are put there by the servicing company that pulled your score and are pretty much worthless.
6) Most important, don’t take my word for it. Take a few minutes to visit the sites I mentioned and find out for yourself.