No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
Hello Everyone,
New to this site, I've been reading and trying to understand the intricacies of FICO scoring and credit reports. I've learned a lot, but still have a lot of questions.
One issue, primarily, is confusing me.
I pulled my EQ and TU reports from MyFico. TU reports my length of credit history as "Great", being 26 years, 1 month with AAoA 10 yrs. It is on the "positive" side of factors influencing my FICO score. ON THE OTHER HAND, EQ REPORTS MY LENGTH OF CREDIT HISTORY AS " VERY GOOD", being 27 years, 11 months with AAoA 10 years. HOWEVER, IT IS ON THE "NEGATIVE" SIDE OF FACTORS influencing my score, stating "YOU HAVE A SHORT CREDIT HISTORY"
My EQ score is considerably lower than my TU score.
I know this is not the only factor contributing to the difference in scores, but maybe the good folks here can explain if it is truly hurting my score (as EQ says it is), by how much, and what I can and / or should do about it?
Thank you for any advice.
When the FICO algorithm sees your age of accounts and your AAoA, it will be a hard number.
CR comments dont affect the numbers.
Those "affecting your credit" comments are often subjective and contradictory. I would just ignore the comment.
Thank you. Can now focus on the things truly affecting my score. Thanks again.