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If this is true, we're all doomed..

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WhirledPeasPlease
Moderator Emeritus

If this is true, we're all doomed..

Don't you love the negatives on the Fico report?

Does anyone else get this with a pretty decent acct age?  I'm finished opening accts for awhile, but sheesh! 

You have a short credit history.

Your oldest account was opened
17 Years, 8 Months ago

FICO High Achievers opened their oldest account 19 years ago, on average.

Average age of your accounts
5 years

 Most FICO High Achievers  have an average age of accounts between 6 and 12 years

~*~*~*~*~*~*~*~*~*~*~
From 700 in 2008 to 498 in 2012...
4/23/12 -- BK 13 date of filing EQ = 505
4/18/12 -- EQ 498
12/5/13 -- EQ 669
Here we go.... back on track.
Message 1 of 20
19 REPLIES 19
unknown_entity
Established Contributor

Re: If this is true, we're all doomed..

LOL, you're lucky it dont look like this:
 
 
 
 
Your oldest account was opened
3 Years, 9 Months ago
 FICO High Achievers opened their oldest account 19 years ago, on average.
Average age of your accounts
11 months
 Most FICO High Achievers have an average age of accounts between 6 and 12 years.
 
 
I just added 4 accounts that haven't reported yet either....Smiley Indifferent  Good LAWD!!!!
 
spell edit


Message Edited by unknown_entity on 04-15-2008 06:25 PM
07/26/2007 TU-688
EQ-656
EX-649
Message 2 of 20
ficonovice
Frequent Contributor

Re: If this is true, we're all doomed..

Hey peas. I think TU just flipped another switch in their reporting. I too just received those 2 items as my only negative factors. My average age is 6 years!!
Rust never sleeps and neither does my fico score...
Message 3 of 20
WhirledPeasPlease
Moderator Emeritus

Re: If this is true, we're all doomed..

LOL - but it makes me wonder when it will catch up with itself and realize that my history really isn't that short!  Maybe when it hits 19 years and 6 average it will perk up, but sheesh! and double sheesh! 
~*~*~*~*~*~*~*~*~*~*~
From 700 in 2008 to 498 in 2012...
4/23/12 -- BK 13 date of filing EQ = 505
4/18/12 -- EQ 498
12/5/13 -- EQ 669
Here we go.... back on track.
Message 4 of 20
WhirledPeasPlease
Moderator Emeritus

Re: If this is true, we're all doomed..



ficonovice wrote:
Hey peas. I think TU just flipped another switch in their reporting. I too just received those 2 items as my only negative factors. My average age is 6 years!!



Yup, this was on TU report.  However I'm thinking it was on EQ as well...
 
ETA:  This was also on my EQ report, but it's the #2 reason instead of #3!  Hoot!

You have a short credit history.

Your oldest account was opened
17 Years, 8 Months ago
 FICO High Achievers opened their oldest account 19 years ago, on average.
 
Average age of your accounts
5 years
 Most FICO High Achievers have an average age of accounts between 6 and 12 years


Message Edited by WhirledPeasPlease on 04-15-2008 06:33 PM

Message Edited by WhirledPeasPlease on 04-15-2008 06:33 PM
~*~*~*~*~*~*~*~*~*~*~
From 700 in 2008 to 498 in 2012...
4/23/12 -- BK 13 date of filing EQ = 505
4/18/12 -- EQ 498
12/5/13 -- EQ 669
Here we go.... back on track.
Message 5 of 20
ficonovice
Frequent Contributor

Re: If this is true, we're all doomed..

My EQ report had the same age and history and listed them both as POSITIVE factors in my score. Go figure!!
Rust never sleeps and neither does my fico score...
Message 6 of 20
felixfly2000
Contributor

Re: If this is true, we're all doomed..

Hey Peas,
 
What color do you get for 5 years?  Is it listed as short because of the average age? At least yours doesnot look like this.
 
Your oldest account was opened
2 Years agoFICO High Achievers [?] opened their oldest account 19 years ago, on average. Average age of your accounts
11 monthsMost FICO High Achievers [?] have an average age of accounts between 6 and 12 years.
Message 7 of 20
WhirledPeasPlease
Moderator Emeritus

Re: If this is true, we're all doomed..

I hope this just means they're grasping at straws.  Really.
~*~*~*~*~*~*~*~*~*~*~
From 700 in 2008 to 498 in 2012...
4/23/12 -- BK 13 date of filing EQ = 505
4/18/12 -- EQ 498
12/5/13 -- EQ 669
Here we go.... back on track.
Message 8 of 20
WhirledPeasPlease
Moderator Emeritus

Re: If this is true, we're all doomed..



felixfly2000 wrote:
Hey Peas,
 
What color do you get for 5 years?  Is it listed as short because of the average age? At least yours doesnot look like this.
 


It's their pretty light green color for 'very good'.  (Same as the range-o-meter thingie.)
 
P
~*~*~*~*~*~*~*~*~*~*~
From 700 in 2008 to 498 in 2012...
4/23/12 -- BK 13 date of filing EQ = 505
4/18/12 -- EQ 498
12/5/13 -- EQ 669
Here we go.... back on track.
Message 9 of 20
unknown_entity
Established Contributor

Re: If this is true, we're all doomed..

It's just a computer program that spits out what's put in it.  Actually those are awesome numbers for credit scores.  I talked with a B of A specialist today and he said, that is their most primary concern when it comes to issuing credit, they want people with long credit histories.  Hence the reason they sent me the 99/500 plan...lol. 


Message Edited by unknown_entity on 04-15-2008 06:47 PM
07/26/2007 TU-688
EQ-656
EX-649
Message 10 of 20
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