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Key takeaways. Length of credit history makes up 15-20 percent of your credit score. It takes time and responsible use of credit accounts to build a long credit history.
On the other hand, a long credit history full of on-time payments and responsible credit use can help you qualify for the best credit cards or secure a mortgage at a favorable interest rate.
The average length of your credit history: The time your credit accounts have been open. This makes up 15 percent of your score. This makes up 15 percent of your score.
A long credit history is good for your credit score ... This is partly because the length of your credit history accounts for 15% of your credit score. Longer histories give lenders a more ...
Many credit card issuers offer access to your credit score for free (some even offer credit monitoring). If a credit-tracking app or website does make an inquiry into your file as part of its ...
Length of credit history (15%): Factors in how long your credit accounts have been open. Longer histories generally increase scores. Longer histories generally increase scores.
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