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Yes - age of file does increase your score. Personally my score has been rising YoY despite significant borrowing as the age/use of credit of my file has increased.

Hi Deltaberry, The scores are based on a range of factors. Without covering them all, some include: credit repayment history; number of file enquiries (why too many pre-approvals aren't a good thing); average age of accounts; length of history; etc. Don't think your overall cash balance...