Birdwatch Note Rating
2022-08-09 21:29:17 UTC - HELPFUL
Rated by Participant: 080F2D216A11D98C40051AE65064E62E2D6F9DF3BEBF804E24F734C8BF9C1654
Participant Details
Original Note:
One factor that goes into determining 15% of your credit score under a FICO system is the average age of your current accounts[1]. Closing an older account by paying it off can put a temporary ding in your credit score[2]. 1. https://www.myfico.com/credit-education/whats-in-your-credit-score 2. https://www.experian.com/blogs/ask-experian/does-paying-off-a-car-loan-early-hurt-your-credit/
All Note Details