Originally Posted by
lin821
That's a very good distinction (credit score vs. credit history). I didn't mean credit history on credit report in my earlier post when I say "card history." I probably should have worded it differently to distinguish the effect of (shorter) lifespan of open accounts on credit score from credit history.
To add on your comment, the average age of one's open accounts plays a role in credit scores. Having a whole bunch of say 1-year-old closed accounts doesn't earn any extra point as far as credit score goes. But for those young accounts closed in say 2005, you still get to see their presence in your current credit report this year.
Are you trying to say that if I opened an account in Jan 2005 and closed it in Jan 2006, then in 2010 it would only factor in as "1 year old" into my credit score? If so, that's wrong, and it's the exact opposite of what QL_714 is trying to tell you.