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Hi,
I refreshed my FICO scores today and this to be really odd. Please help me understand if this is an error or not.
TU - Length of credit history HELPING my score = 11yrs 4mos AAOA = 5yrs Score = 674
EQ - Length of credit hisory HURTING my score = 11yrs 4mos AAOA = 5yrs Sore = 646
Both have the same info calculating the same age of accounts and history but one helps and the other hurts? HUH?
You're likely in a different scoring bucket on TU over EQ. In comparison to everyone else in the same bucket in EQ, your history on average is higher than everyone else. In contrast on TU, your history is younger than everyone else.
I see now. This is another one of those scoring lessons that I am being schooled in. Thanks for the info llecs. I wouldn't have figured that on my own. I assume there is no way I can impact that factor at all. Just like always hurry up and wait.
There's not too much you can do other than getting lucky with backdating as an AU or reviving an old Amex membership. There's plenty to do to avoid a lower history like adding accounts, closing accounts (10-yr clock starts), hastily doing something to lose old accounts, etc.
Over time if you compare, you'll see other contrasts like baddies listed being a neg. on one report but a positive on the other (with a reference that it's not hurting as much), or util being the same but hurting one but helping the other, etc.