Whenever I check different monitoring services they all say my credit age is VERY NEW. I mean 3 and 1/2 years sheesh.
Does anyone remember/know when your credit is not considered VERY NEW.
Soon I will have 4 years credit age will that be considered at least NEW?
@Iusedtolurk wrote:Whenever I check different monitoring services they all say my credit age is VERY NEW. I mean 3 and 1/2 years sheesh.
Does anyone remember/know when your credit is not considered VERY NEW.
Soon I will have 4 years credit age will that be considered at least NEW?
Where are you getting that statement from?
@SouthJamaica wrote:
@Iusedtolurk wrote:Whenever I check different monitoring services they all say my credit age is VERY NEW. I mean 3 and 1/2 years sheesh.
Does anyone remember/know when your credit is not considered VERY NEW.
Soon I will have 4 years credit age will that be considered at least NEW?
Where are you getting that statement from?
@SouthJamaica That particular statement comes from Wallethub but all my monitoring services rate me negatively on credit age.
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@Iusedtolurk wrote:
@SouthJamaica wrote:
@Iusedtolurk wrote:Whenever I check different monitoring services they all say my credit age is VERY NEW. I mean 3 and 1/2 years sheesh.
Does anyone remember/know when your credit is not considered VERY NEW.
Soon I will have 4 years credit age will that be considered at least NEW?
Where are you getting that statement from?
@SouthJamaica That particular statement comes from Wallethub but all my monitoring services rate me negatively on credit age.
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OK, well now I have my points of comparison. Although I should point out that the characterizations of your profile as "new" and "fair" aren't scoring mechanisms.
On MyFICO my TU "length of credit history" is characterized as "very good", referencing an AoOA of 34 years 1 month and AAoA of 6 years 2 months.
On Wallethub my "account age" is ranked a "C", and is "still considered new", referencing an AAoA of 5 years 8 months. No reference is made there to the AoOA.
So I guess the answer to your question is that on Wallet Hub you will "still be considered new" even when your AAoA is 5 years 8 months.
And my advice would be to not worry about it.
@FireMedic1 wrote:
https://www.fico.com/blogs/age-beauty-credit-worthiness-youth
Its like wine. Gets finer with time.
But is that chart talking about the consumer's age, or the credit file's age? Because it appears to be referring to a consumer's age.
