Because credit is partially based on the age of your accounts, so if you've only got a few accounts and you close an older one (such as a car loan) it reduces the average age of your accounts and can hurt your score.
It's stupid
Because credit is partially based on the age of your accounts, so if you've only got a few accounts and you close an older one (such as a car loan) it reduces the average age of your accounts and can hurt your score.
It's stupid