topic Re: Account aging in Understanding FICO® Scoring

Account aging

Anonymous — Sun, 06 May 2007 22:33:54 GMT

I know that the average age of accounts is a significant factor in determing your score. At what age of account do you move from new credit to established? Current average age of accounts is 4 years, but I believe I have some old, closed accounts which are reported as open and could be removed at any time lowering my average age to 2 years. Any help would be appreciated.

Re: Account aging

Tuscani — Sun, 06 May 2007 23:55:51 GMT

Bluesque wrote:
I know that the average age of accounts is a significant factor in determing your score. At what age of account do you move from new credit to established? Current average age of accounts is 4 years, but I believe I have some old, closed accounts which are reported as open and could be removed at any time lowering my average age to 2 years. Any help would be appreciated.

MODS: Please move to proper forum.

Why do you want the old accounts removed? Are they derogs?

Re: Account aging

Anonymous — Mon, 07 May 2007 00:54:20 GMT

The accounts in question were 60 days late at one point.

Re: Account aging

Tuscani — Mon, 07 May 2007 01:18:27 GMT

Have you tried a goodwill letter?

http://ficoforums.myfico.com/fico/board/message?board.id=generalcredit&message.id=2661