Credit AgeQuiz
Start
Congratulations!
You have completed this quiz!
Want a year of free rent reporting?
Enter for a chance to win!
Calculating your "credit age" can be easy!
Add up the age of each open account and divide the total age (in months) by the number of accounts. If you have one 5 year old account, and then open two brand new accounts, your credit age dropped down to 1.75 years, which went from "pretty good" to "not good".
Got it!
When you pay off your loan, your credit score will actually drop.
All of that age and payment history is marked as paid and closed.
Instead of being rewarded for paying off a car loan, you are actually penalized, causing your credit score to drop, loosing all the points you had gained.
Got it!
It's not too late to undo those mistakes.
If you opened credit builder loans or new accounts you don't need, call each company and close the new accounts if there is no balance. You can also cancel the credit builder accounts and get your money back. When those accounts close, your credit age (and score) will increase!
Got it!
Ask an older family member or friend to add you as an authorized user to one of their credit cards.
Make sure that it's a very old credit card, and that it has a $0 balance. If it's an old card but they keep a balance on it, it could potentially hurt your score and not help. Opening a credit builder account won't help at all, and paying off your car payment will close an old loan and drop your credit age.
Got it!
Your "credit age" is 15-20% of your credit score.
20% of your Vantage Score and 15% of your FICO Score is tied to your credit age. And don't forget, the older the age, the better the score! Opening multiple new accounts in a short period of time will cause your credit score to drop FAST!
Got it!
Credit Age Quiz
Wendy Massengill
Created on October 6, 2025
Start designing with a free template
Discover more than 1500 professional designs like these:
View
Practical Questionnaire
View
Quick Quiz Akihabara
View
Quick Quiz Universe
View
Class Leader Mobile
View
Icebreaker Sticker Album Mobile
View
The Four Elements Contest
View
Event Feedback Mobile
Explore all templates
Transcript
Credit AgeQuiz
Start
Congratulations!
You have completed this quiz!
Want a year of free rent reporting?
Enter for a chance to win!
Calculating your "credit age" can be easy!
Add up the age of each open account and divide the total age (in months) by the number of accounts. If you have one 5 year old account, and then open two brand new accounts, your credit age dropped down to 1.75 years, which went from "pretty good" to "not good".
Got it!
When you pay off your loan, your credit score will actually drop.
All of that age and payment history is marked as paid and closed. Instead of being rewarded for paying off a car loan, you are actually penalized, causing your credit score to drop, loosing all the points you had gained.
Got it!
It's not too late to undo those mistakes.
If you opened credit builder loans or new accounts you don't need, call each company and close the new accounts if there is no balance. You can also cancel the credit builder accounts and get your money back. When those accounts close, your credit age (and score) will increase!
Got it!
Ask an older family member or friend to add you as an authorized user to one of their credit cards.
Make sure that it's a very old credit card, and that it has a $0 balance. If it's an old card but they keep a balance on it, it could potentially hurt your score and not help. Opening a credit builder account won't help at all, and paying off your car payment will close an old loan and drop your credit age.
Got it!
Your "credit age" is 15-20% of your credit score.
20% of your Vantage Score and 15% of your FICO Score is tied to your credit age. And don't forget, the older the age, the better the score! Opening multiple new accounts in a short period of time will cause your credit score to drop FAST!
Got it!