Reply
New Member
Evo_Shandor
Posts: 4
Registered: ‎10-12-2012

FICO contradicts itself on length of credit history

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?

Valued Contributor
my-own-fico
Posts: 1,141
Registered: ‎01-05-2010

Re: FICO contradicts itself on length of credit history

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?

 

When it comes to wishful thinking vs reality, wishful thinking wins.
Valued Contributor
GregB
Posts: 1,670
Registered: ‎05-24-2007

Re: FICO contradicts itself on length of credit history

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.

New Member
Evo_Shandor
Posts: 4
Registered: ‎10-12-2012

Re: FICO contradicts itself on length of credit history

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."

Valued Contributor
chasmith
Posts: 1,062
Registered: ‎05-26-2010

Re: FICO contradicts itself on length of credit history

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.

BK7 Filed 8/11/2009 Discharged 11/23/2009. Purchased new home 4/11/2012
Starting Score:11/16/2009 EQ 566 11/16/2009 TU 538
Interim Score: 12/27/2012 EQ 683 09/17/2012 EX (lender) 670 1/01/2013 TU 701
Current Score: 11/06/2013 EQ 708 11/06/2013 EX 702 11/16/2013 702 11/06/2013 TU 729
Goal Score: EQ 740 EX 740 TU 740
Take the FICO Fitness Challenge

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
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+