11-30-2012 09:23 PM
I just started to use this monitoring service from Equifax, and look at those crazy details about the account age of equifax
To help you understand, i have 3 credit card accounts. The oldest one is 6 months old , and the other two accouns are 2 months old.
What is amazing is the length of credit history that shows up on Equifax (2 months), and the average is 3 months. How can the average be higher than your history? I called equifax 10 times and I was transferred from the dispute dept to personal solution dept all the time. Everybody says it's not a problem with them and something with my account not reporting right.
But when i select my accounts it shows up as 6 months old, just on the account age summary something is wrong
Anybody has any suggestion ?
here is a copy paste of that:
Usually it is a good idea to keep your oldest credit account open, as a high average account age generally demonstrates stability to lenders. Also, especially if you have been managing credit for a short time, opening many new accounts will lower your average account age and may have a negative impact.
|Length of Credit History||0 Years, 2 Months||0 Years, 6 Months||0 Years, 6 Months|
|Average Account Age||0 Years, 3 Months||0 Years, 3 Months||0 Years, 3 Months|
|Oldest Account||CAPITAL ONE (Opened 09/2012)||CAP ONE (Opened 09/2012)||CAP ONE (Opened 09/2012)|
|Most Recent Account||CAPITAL ONE (Opened 09/2012)||CAP ONE (Opened 09/2012)||CAP ONE (Opened 09/2012)|
This is a copy paste that equifax do has the right information on my oldest account:
11-30-2012 10:31 PM
This falls under the "don't worry about it" category. Equifax's CMS has some odd bugs. There is something that is always showing up wrong on my dashboard, too. When I first saw it, I was alarmed. But when I checked my actual CR, everything was fine. I finally realized that their system just has some bugs in it. It's really not worth worrying about. Some things just don't translate correctly from the CR to their CMS dashboard.
Copyright ©2001-2013 Fair Isaac Corporation.
All rights reserved.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.