Do you think you understand credit scoring – This is my wifes credit report
What is her score ? All CRA’s are reporting the same – The oldest trade is 86 months
Why isn’t the score a 850?
15 Trade Lines ------ 8 - Open Accounts
7 - Closed Accounts
0 - Derogatory Accounts
0 - Public Records
The 8 Open Accounts consist of ……
a) A mortgage – over 60 months old- M-1 – No negative comments
b) An auto loan –over 24 months old - 1-1 – No comments
c) Three Bank Credit Cards - All over 60 months old with no carry over balance
– each card is paid in full each month by the STATEMENT closing date.
Each card was used at lease ONCE in the past 6 months.
d) Two store accounts both over 60 months old with no carry over balance –
each card is paid in full each month by the STATEMENT closing date.
Each card was used at lease ONCE in the past 6 months.
e) Personal and utility account over 60 months old with no Balance – account
is paid in full each month before the due date.
The 7 Closed Accounts consist of being 60 or more months old with no
comments after the record. All accounts paid as agreed
There are no Derogatory Accounts or Public Records.
There is not more than ONE inquiry in the last 12 months.
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