New Visitor
Posts: 1
Registered: ‎08-29-2007

Credit Score

I will never understand how EQ says I have 42 accounts in good standing- but a low credit score ( mid 600's) Many of my accounts ( several revolving) have been paid off and closed for 6 years but they are pulling down my score! I know good accounts stay on for 10 years but if they are in good standing and paid off it makes no sense that they pull down your fico! I feel like I'll never:smileymad: reach the 700"s~:smileymad:
Senior Contributor
Posts: 3,071
Registered: ‎05-17-2007

Re: Credit Score

If you were ever late years in the past, that brings you down. It should tell you what your negative factors are when you get your score. But believe it or not, some accounts paid on time can bring your score down. Some help scores, some hurt scores.

Please post what type of accounts and their history going back 7 years so we can help identify the negative factors. :smileyhappy:
If we never set higher goals we would never get as far.
sol, credit 101, acr, abbreviations, calc

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+