Birdwatch Note Rating
2022-08-09 21:29:17 UTC - HELPFUL
Rated by Participant: 502E025164D920133F44422B08E2194D959D925862C7223C97BE057A081EE48A
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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/
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