10-12-2012 11:21 AM
My length of credit history in one place is listed as "very good" on my FICO report but in the "What's hurting your FICO score" section it says I have a short credit history.
The average age of my accounts is 12 years and my oldest account is 19 years.
How do I get them to fix this inconsistency?
10-12-2012 12:14 PM
You can't. And I wouldn't worry about it. The comment on your short credit history might simply reflect recent credit. Have you asked for any within the last year?
10-12-2012 12:42 PM
There is nothing to fix.
It just means that as your report went through the algorithm that there was one spot where you gained points for having longer history compared to the others and another place where you lost points for being shorter than that group.
That is a bit unusual for both of those to end up in the top 4 reasons each direction.
10-12-2012 09:55 PM
Thanks for the help, folks. To answer your question, I have not applied for credit anywhere for some time (well over a year). In fact, my "amount of new credit" section is rated "great."
10-13-2012 05:20 AM
You don't say what your score is. As scores rise the system scrambles to provide something as a negative. As others have said, the negative they list probably isn't doing much to you it's just that they have to say something is negative. If this is the worst they can say you're probably in good shape.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. 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.