Will reactivating an old account help my credit score?
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Tiny Credit Tip. Will reactivating an old account help my credit score?
\\nI really do love it here in the tiny\\xa0house. This week I will show you the bathroom and the bedroom today in episode number four.
\\nI had a question come through on facebook about a borrower that a mortgage lender was working with, and the borrower had no revolving
accounts except for one that had gone dormant.
The loan officer\\u2019s\\xa0question was, \\u201cIf the borrower reactivated an old account, would the borrower see a boost in their credit score?\\u201d and of course it\\xa0will. Especially, if the borrower only has one revolving account. Revolving accounts are very important to a credit score, If the borrower has one revolving account reactivated and it\\xa0has seven years of good payment history, the borrowers credit score will improve because of the benefit from all of that good history on the account.
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