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Moderator Emeritus
Tuscani
Posts: 6,182
Registered: ‎03-29-2007

Re: How does FICO calculate the average age of accounts?



MidnightVoice wrote:
Is the "age" of an account the number of years it was open?



I would assume the number of months is considered as well. Can't say for sure though.
Senior Contributor
smallfry
Posts: 4,831
Registered: ‎04-20-2007

Re: How does FICO calculate the average age of accounts?



Tuscani wrote:

I believe it's simply the age of each account divided by the number of accounts (regardless if they are open or closed).




You sure? LOL.
Moderator Emeritus
Tuscani
Posts: 6,182
Registered: ‎03-29-2007

Re: How does FICO calculate the average age of accounts?



smallfry wrote:


Tuscani wrote:

I believe it's simply the age of each account divided by the number of accounts (regardless if they are open or closed).




You sure? LOL.

Let me check....
 
 
 
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processing..
 
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YES!
Super Contributor
MidnightVoice
Posts: 8,158
Registered: ‎03-25-2007

Re: How does FICO calculate the average age of accounts?

[ Edited ]
Then why does one missing account on EX, whch changes the average age of my accounts by reducing the average age 3 months, cause EX to say I have a short credit history whereas the other two say I am in the great to fabulous range?


Message Edited by MidnightVoice on 06-29-2007 01:46 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
Senior Contributor
smallfry
Posts: 4,831
Registered: ‎04-20-2007

Re: How does FICO calculate the average age of accounts?



MidnightVoice wrote:
Then why does one missing account on EX, whch changes the average age of my accounts by reducing the average age 3 months, cause EX to say I have a short credit history whereas the other two say I am in the great to fabulous range?


Message Edited by MidnightVoice on 06-29-2007 01:46 PM


Is this from Truecredit?
Super Contributor
MidnightVoice
Posts: 8,158
Registered: ‎03-25-2007

Re: How does FICO calculate the average age of accounts?



smallfry wrote:


MidnightVoice wrote:
Then why does one missing account on EX, whch changes the average age of my accounts by reducing the average age 3 months, cause EX to say I have a short credit history whereas the other two say I am in the great to fabulous range?


Message Edited by MidnightVoice on 06-29-2007 01:46 PM


Is this from Truecredit?

No
 
No

 

NO

It is a FICO  :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
Moderator Emeritus
Tuscani
Posts: 6,182
Registered: ‎03-29-2007

Re: How does FICO calculate the average age of accounts?



MidnightVoice wrote:
Then why does one missing account on EX, whch changes the average age of my accounts by reducing the average age 3 months, cause EX to say I have a short credit history whereas the other two say I am in the great to fabulous range?


Message Edited by MidnightVoice on 06-29-2007 01:46 PM

Are your reports otherwise identical?
Super Contributor
MidnightVoice
Posts: 8,158
Registered: ‎03-25-2007

Re: How does FICO calculate the average age of accounts?



Tuscani wrote:


MidnightVoice wrote:
Then why does one missing account on EX, whch changes the average age of my accounts by reducing the average age 3 months, cause EX to say I have a short credit history whereas the other two say I am in the great to fabulous range?


Message Edited by MidnightVoice on 06-29-2007 01:46 PM

Are your reports otherwise identical?


None of them are identical  :smileyvery-happy:
 
But in essence, in terms of average length of accounts, yes. It is probably just MyFICO or EX thinking up another excuse to keep my EX score low.  :smileyhappy:
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
Moderator Emeritus
Tuscani
Posts: 6,182
Registered: ‎03-29-2007

Re: How does FICO calculate the average age of accounts?



MidnightVoice wrote:


Tuscani wrote:


MidnightVoice wrote:
Then why does one missing account on EX, whch changes the average age of my accounts by reducing the average age 3 months, cause EX to say I have a short credit history whereas the other two say I am in the great to fabulous range?


Message Edited by MidnightVoice on 06-29-2007 01:46 PM

Are your reports otherwise identical?


None of them are identical  :smileyvery-happy:
 
But in essence, in terms of average length of accounts, yes. It is probably just MyFICO or EX thinking up another excuse to keep my EX score low.  :smileyhappy:


Yea.. I am not sure what else it could be. Leave it to EX to keep the man down.
 

 

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