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32: Oldest bankcard was opened too recently
Bankcard accounts include credit cards and charge cards from a bank and are frequently revolving accounts. They allow you to carry a balance and your monthly payment will vary, based on the amount of your balance. Your oldest bankcard account was opened too recently. A credit file containing older accounts will have a positive impact on your credit score because it demonstrates that you are experienced in managing credit.
What you can do:
Don’t open more accounts than you actually need. Research shows that new accounts indicate greater risk. Your score will benefit as your accounts get older.
A HIGHER LEVEL OF CONFIDENCE
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