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What it means is while you current length is good, someone who is retired with 0 debt and 20+ yr TLs would be better.
dogman wrote:
Under FICO® Score Summary:
Length of credit history
How long you've had credit.
Very Good
What’s hurting your FICO score:
The negative factors listed here are reasons why your FICO score is not higher.
You have a short credit history.
Your FICO score measures the age of your oldest account and the average age of your accounts. In your case, either your oldest account was opened recently or the average age of your accounts is relatively low.
If the length of my credit history is very good, why is it hurting my FICO score?? This make no sence!
Your FICO score measures the age of your oldest account and the average age of your accounts. In your case, either your oldest account was opened recently or the average age of your accounts is relatively low. People that do not frequently open new accounts and have longer credit histories generally pose less risk to lenders. Therefore, as your credit history lengthens and you pay your bills on time, this factor should have less of a negative impact on your score.