I don't get it

[mloupagu]

My credit reports states one of the reasons for lowering my score is that the mortgage accounts are new. I bought a house in 2004 but bought my first house in 1993. I realize this open mortgage is only a couple of years old but don't they look at past history to see I have paid off other mortgages?????

[smallfry]

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@mloupagu wrote:
My credit reports states one of the reasons for lowering my score is that the mortgage accounts are new. I bought a house in 2004 but bought my first house in 1993. I realize this open mortgage is only a couple of years old but don't they look at past history to see I have paid off other mortgages?????

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Don't worry its just a canned reply and will disappear once you start paying down the mortgage. It would seem to be unavoidable to have a large balance on a new car loan or mortgage wouldn't it? Don't take everything you read to heart or they'll be fitting you for a tight white jacket.

[Anonymous]

That was a good one! 

[mloupagu]

Thanks..lol...this stuff can drive you CRAZY!!!!