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When I view a summary of all my reports, they each say that one of my negatives is that my oldest account is only 4+ years old, which isn't true. My oldest active account was opened 20 years ago. Can someone explain to me why this perfectly paid account isn't being counted?
@SeeSaw wrote:When I view a summary of all my reports, they each say that one of my negatives is that my oldest account is only 4+ years old, which isn't true. My oldest active account was opened 20 years ago. Can someone explain to me why this perfectly paid account isn't being counted?
Is that account yours or is it an AU?
It's an AU.
Oddly, I just looked at my Vantage 3 from NavyFed and it shows my oldest account as 15 years old
Well firstly, if it was opened in 2007, that makes it only 15 years old, not 20.
Secondly, if it's an AU then that's why, because it's not YOUR account. It's whomever the primary cardholder is's account. You're just authorized to spend on it (technically speaking).
Lol, thanks.
When you wake up at 3am, your math is a little fuzzy late in the day.
On my Vanguard 3.0 that account is factored in.
@SeeSaw wrote:Lol, thanks.
When you wake up at 3am, your math is a little fuzzy late in the day.
On my Vanguard 3.0 that account is factored in.
Vantage?
Anyway, Vantagescores use a completely different formula than FICO scores, so you're comparing apples to oranges here.
I'm not making a comparison
I was only commenting that while that account wasn't counted in my fico reports, it was counted in vantage. A lot seems to have changed in the years I wasn't really paying attention to the credit world. I have several accounts that I paid off many years ago on my way out of the military that are no longer on my credit reports.