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Super Contributor
MidnightVoice
Posts: 8,157
Registered: ‎03-25-2007
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Hilarious Helpful comments from EQ reports from MyFICO

Good stuff from my EQ report - What’s helping your FICO score

You have an established credit history.

Your oldest account was opened 20 years ago

Most FICO High Achievers opened their oldest account 19 years ago, on average.

Average age of your accounts 8 years

Most FICO High Achievers have an average age of accounts between 6 and 12 years

 

Bad stuff from DW's EQ report - What’s hurting your FICO score

You have a short credit history.

Your oldest account was opened 20 years ago

Most FICO High Achievers  opened their oldest account 19 years ago, on average.

Average age of your accounts 8 years

Most FICO High Achievers have an average age of accounts between 6 and 12 years

The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Regular Contributor
Joe77
Posts: 218
Registered: ‎07-29-2007
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Re: Hilarious Helpful comments from EQ reports from MyFICO



MidnightVoice wrote:

Good stuff from my EQ report - What’s helping your FICO score

You have an established credit history.

Your oldest account was opened 20 years ago

Most FICO High Achievers opened their oldest account 19 years ago, on average.

Average age of your accounts 8 years

Most FICO High Achievers have an average age of accounts between 6 and 12 years

 

Bad stuff from DW's EQ report - What’s hurting your FICO score

You have a short credit history.

Your oldest account was opened 20 years ago

Most FICO High Achievers  opened their oldest account 19 years ago, on average.

Average age of your accounts 8 years

Most FICO High Achievers have an average age of accounts between 6 and 12 years



LOL!
 
Well...I assume your FICO is well over 700?  At that point they have to give some sort of "bad" reasons since you're not exactly at 850...which no one is.
From BK to 700 FICOs in 4.5 yrs.
Moderator Emeritus
Brammy
Posts: 5,436
Registered: ‎03-10-2007
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Re: Hilarious Helpful comments from EQ reports from MyFICO

:smileyvery-happy:
Frequent Contributor
Lori344
Posts: 313
Registered: ‎04-01-2007
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Re: Hilarious Helpful comments from EQ reports from MyFICO

Oh jeez!
Super Contributor
MidnightVoice
Posts: 8,157
Registered: ‎03-25-2007
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Re: Hilarious Helpful comments from EQ reports from MyFICO



Joe77 wrote:
 
LOL!
 
Well...I assume your FICO is well over 700?  At that point they have to give some sort of "bad" reasons since you're not exactly at 850...which no one is.


Both are over 700, but mine is over 40 points higher - :smileyvery-happy:
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Frequent Contributor
MeganML84
Posts: 388
Registered: ‎09-06-2007
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Re: Hilarious Helpful comments from EQ reports from MyFICO

I wonder...does the proportion of your actual age vs. the age of your oldest account come into play here? I mean, yours states the "good thing" contributing to your report is that your oldest account is 20 years, which would be great if you were, let's say 36 years old. Maybe if your wife is like 89, then it would be bad that her accounts were *only* opened 20 years ago:
 
20 to 36=good
20 to 89=bad
 
Although, I'm sure your wife is not 89 years old.
 
Or if she is, tell her to reopen her oldest credit card :smileytongue:
 
Haha, jk.
Wisdom doesn't automatically come with old age. Nothing does - except wrinkles. It's true, some wines improve with age... but only if the grapes were good in the first place.
Super Contributor
MidnightVoice
Posts: 8,157
Registered: ‎03-25-2007
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Re: Hilarious Helpful comments from EQ reports from MyFICO



MeganML84 wrote:
I wonder...does the proportion of your actual age vs. the age of your oldest account come into play here? I mean, yours states the "good thing" contributing to your report is that your oldest account is 20 years, which would be great if you were, let's say 36 years old. Maybe if your wife is like 89, then it would be bad that her accounts were *only* opened 20 years ago:
 
20 to 36=good
20 to 89=bad
 
Although, I'm sure your wife is not 89 years old.
 
Or if she is, tell her to reopen her oldest credit card :smileytongue:
 
Haha, jk.


Well, my DW and I are similar vintage, and we moved back to the states at about the same time (and got a joint credit card).  Hence we are as similar as we could be in that respect  :smileyvery-happy:
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Valued Contributor
TheNewWorldMan
Posts: 2,374
Registered: ‎03-15-2007
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Re: Hilarious Helpful comments from EQ reports from MyFICO

Joseph Heller would have loved that one.
- - - -
in a credit-scoring postnuclear Stone Age...
Super Contributor
MidnightVoice
Posts: 8,157
Registered: ‎03-25-2007
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Re: Hilarious Helpful comments from EQ reports from MyFICO

[ Edited ]


TheNewWorldMan wrote:
Joseph Heller would have loved that one.

Nice one.
 
Yes. it is somewhat of a classic IMHO


Message Edited by MidnightVoice on 09-18-2007 03:24 PM
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Super Contributor
MidnightVoice
Posts: 8,157
Registered: ‎03-25-2007
0

Re: Hilarious Helpful comments from EQ reports from MyFICO

Bringing it back for pizza!!
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid

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