Does retaining (not closing) your 1st credit card give a hand near your credit history? how? Answers: Dan C...is mostly wrong! keeping your first credit card is

Answers:
Dan C...is mostly wrong!

keeping your first credit card is always a good entity...period!

your credit score does appropriate into consideration the length of time that you have have open accounts...the longer the better.

the amount of credit that you have produce absolutely NO difference to a lender, the amount of debt that you have does.

the certainty of the matter is, that closing accounts that are in angelic standing will only serve to hurt your score because it's approaching starting over...and if you get new card to replace the old-fashioned ones, they have to pull your credit which will further shrink your score...and in common accounts that are less the 1yr old will verbs to have a negative impact on your gain conversely accounts that are 3+ years old will have a positive impact.

Keeping your first credit card widen maximizes the length of your credit history. In this track it can help your credit score. However, if it have a high credit limit, it can increase your credit liability, which appears as risk to a lender. So if you enjoy a lot of credit cards, it might be good to run down your credit limit. On the other hand, have a higher credit limit overall reduce your credit utilization percentage which looks good. Credit scores are complicated, so it's rugged to know exactly how to improve.

Jackson is correct.