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re: Parents opened card...

Posted on 3/21/14 at 9:09 am to
Posted by htownjeep
Republic of Texas
Member since Jun 2005
7613 posts
Posted on 3/21/14 at 9:09 am to
Length of credit makes up only about 10-15% of your score.

Debt ratio to available credit makes up about 30%.

Not really a hard decision is it?
Posted by Joshjrn
Baton Rouge
Member since Dec 2008
27222 posts
Posted on 3/21/14 at 9:13 am to
It wouldn't be in five years. Today? Not so clear cut for me. Although utilization is valued more, I'm only at 35% and falling. On the other hand, closing it would take off a decade+ old account and leave me with my oldest account being three or so years old. That's a significant bit of youth being splashed on my credit report
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