Understanding FICO® Scoring

[Tuscani]

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MidnightVoice wrote:

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

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I would assume the number of months is considered as well. Can't say for sure though.

[smallfry]

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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).

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You sure? LOL.

[Tuscani]

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smallfry wrote:

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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).

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You sure? LOL.

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Let me check....

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processing..

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YES!

[MidnightVoice]

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

[smallfry]

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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

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Is this from Truecredit?

[MidnightVoice]

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smallfry wrote:

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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

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Is this from Truecredit?

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No

No

NO

It is a FICO 

[Tuscani]

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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

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Are your reports otherwise identical?

[MidnightVoice]

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Tuscani wrote:

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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

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Are your reports otherwise identical?

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None of them are identical 

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. 

[Tuscani]

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MidnightVoice wrote:

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Tuscani wrote:

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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

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Are your reports otherwise identical?

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None of them are identical 

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. 

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