A Verage Age of Credit History !!!

What is the average age of my credit history??

To keep it simple...say i have two credit cards. One of them was opened 10 years ago and is still open. The other was opened for one month and CLOSED because I didn't like the interest rate offered. (One of those 9.99, 12.99, or 17.99 offers then gave the crappy APR after approved). There is no negative history on either. I just want to know will the average age of credit history (according to credit bureau) be 5 years or 10 years??

(10 years + 1 month) / 2 = approx 5 yearsor 10 years / 1 = 10 years

I want to know if I am better off keeping a card with a bad apr to keep the avg age of credit from being dragged down so much??If its the average of ALL accounts then the average will move up much slower than if its the average of ONLY OPEN accounts.

To keep it simple...say i have two credit cards. One of them was opened 10 years ago and is still open. The other was opened for one month and CLOSED because I didn't like the interest rate offered. (One of those 9.99, 12.99, or 17.99 offers then gave the crappy APR after approved). There is no negative history on either.

I just want to know will the average age of credit history (according to credit bureau) be 5 years or 10 years??(10 years + 1 month) / 2 = approx 5 yearsor 10 years / 1 = 10 years I want to know if I am better off keeping a card with a bad apr to keep the avg age of credit from being dragged down so much??If its the average of ALL accounts then the average will move up much slower than if its the average of ONLY OPEN accounts. IN RESPONSE TO THE PERSON THAT ANSWERED MY QUESTION SECONDI'm happy with the 10 year old card, no plans in closing it.The new card is the one with the bad rate.

The Answer : As long as you don't cancel the 10 y/o card, you should be fine. My suggestion would be to contact customer service and request to close your account. You'll be transferred to the "retention" department in which they'll try to keep you around, especially if you've been a card holder for so long. If you've had perfect payment history all this time, there should be no reason why they won't lower your APR, especially if you're getting offers for other cards. If you're receiving any offers in the mail, keep them and use them as leverage. Make it look like you're serious about levaing them if they don't take care of you by lowering the rate. Remind them that you've been a loyal and excellent customer for the past decade and that it would be a shame to lose a customer. Hopefully they will see the light and take care of you. If not, then I would still keep the card, but I would BARELY use it, I mean like no more than about $10/month, to where it's showing activity.

Student Loan Consolidation - Balance Your College Books Now ! Special Deals

Student Loan Consolidation - Balance Your College Books Now ! Special Deals
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You are now earning money and you are spending it on things that you want. You can now travel, buy clothes, pay for a car, and you may be even able to afford a house already. Studying and school really pay off.
If you want to make your studies even more worth the while, then you should not be wasting money paying more for your loans than necessary - it's time to plan accordingly to get the best deals.
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Special Deals For Consolidation
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There are several ways to manage your post scholastic loans and getting good student loan consolidation rates is one of them. So, what's special about are these student loan consolidation rates anyway?
If you are familiar with student loans then you need to grasp the fact that you can combine loans into one - and at a better rate too. The art of combining loans into one is called consolidation.
The rates that are the result of this combination are called student loan consolidation rates and they are usually better than you can get in the open market.
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If you want to get competitive student loan consolidation rates then you have to be on good terms with your loan company and/or college. Because when you consolidate your loans with lower student loan consolidation rates, you are going to pay less each month.
Now, that's a great idea!
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Ask Around For Insider Deals
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If you have not gathered any student loan consolidation rates information lately, then you must do your research. Because there are special arrangements, usually for the first six months after you graduate, time is of the essence.
You have to be proactive when looking for the best deals. If you do not look for the most competitive student loan consolidation rates then you are going to be wasting more and more money.
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Ask others in a similar boat who might have done some of the research. Check with your current lenders and if you have several, see if you can play each of them against each other - you might get the deal of the decade!
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Where Else Can You Look For A Great Deal
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Where are the places to look for student loan consolidation rates? If you want first hand experience in learning about good consolidation student loan deals, then you should visit your local financial institutions right away.
Get in touch with someone that is familiar with these types of loans or someone that is familiar with consolidation of some sort.
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If you are one of the lucky enough to work in a bank or something similar, then there may well be deals within that organization you can get preferentially, just for those in your situation, but make sure that you get a move on as the deal will take time to complete.
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Before you know it your time with existing loans will be up and your rates may well spiral. Do not let this happen to you. Life's too short to be worrying about this too much, so, you should be acting fast. It's a challenging financial market we have today and rates get withdrawn quickly.
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If you want the best deals in so far as the student loan consolidation rates are today, then you have to make your arrangements as soon as you can.