Oldest possible Credit Line

[veracious]

What is the oldest possible credit line that is still being reported?

Theoretically, if FICO scoring started in the 80's could anyone have a credit line reporting a date 

prior to 1981?

Just curious 

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ETA:  found this interesting link here on MY FICO.

                                                                                              http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/The-History-of-Credit/m-p/19935

[llecs]

If I read Tusc's post right, the CRAs started before FICO in the last 60s/early 70s. If info was first reported then, then conceivably you can have TLs reporting back then. And as creditors modernized their records, I guess you could have some backdating going on showing TLs older than that. 

[laz98]

my in-laws have some amex accounts reporting from like 1978 or something ridiculous like that.

[Imhotrodcrazy]

I believe that somewhere in one of my  old TU reports, it states that I have been in their records since 1970.  That would have been when I took out my first mortgage loan.  However, the oldest line of credit,  which has been paid off,  only goes back to 1992.  Thinking that I was doing the right thing,  I gave up using credit for about 12 yrs and only paid cash.  Little did I know at that time what I was doing.  I still hate credit with a passion,  and use very little of it. 

[veracious]

Hotrod,    you sound like Warren Buffett.

He also has a disdain of credit cards. 

                                                                         I hope the mods don't mind this link------>http://www.savvysugar.com/tag/Warren+Buffett

[Imhotrodcrazy]

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@veracious wrote:

Hotrod,    you sound like Warren Buffett.

He also has a disdain of credit cards. 

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He is my "son". 

[veracious]

Hotrod  ole buddy,   you're pulling our legs.

Further down the page it lists Warren's age as 80 years.

That would make you about  100 years old !! 

[Imhotrodcrazy]

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@veracious wrote:

Hotrod  ole buddy,   you're pulling our legs.

Further down the page it lists Warren's age as 80 years.

That would make you about  100 years old !! 

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Nope,  I'm only 99,  I married at the young age of 19. 

[veracious]

   Wow !!     Who knew!

  You are certainly spry for a guy your age.

Whatever you're doing, don't stop.    And how about passing along your secret to longevity.

[RobertEG]

I dont belive there is any "oldest possible credit line" date.  The date of a credit line, for calculating its age, is the date opened.  It is possilbe, in the extreme I admit,  for an account to report tomorrow that did not previously report, that had an account opened date at any time in the past.  It is not the date of CRA reporting that governs, it is the reported date of account opening.