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My credit hx is 7 years and 3 months. AAoA slightly above 3 years. I am curious when the short credit history will stop being listed in my negative comments. That's my only negative.
Thanks!
Thanks, haulingthescoreup, yes, I am in the 760 and above range (TU 785 2/21/09 and EQ 764 4/18/09). I would love to hit 800 at 5 year AAoA mark - I will keep my fingers crossed!
Credit gardening is so boring.... and so slow....
BabyBlue wrote:
Yes, I know what the average FICO high acheivers' characteristics are. But does that mean that when someone reaches the "average" qualities the negative comment goes away? Or does it happen some time before/after that point?
...only if your scores have cracked 800. Otherwise, the formula feels obliged to criticize you for something, and this is the best that it can do...
Yep, my scores typically come out from upper 700s to the 820s as my credit card balances fluctuate. My wife and I have good jobs, carry very little cash, use CCs a lot, and pay in full at the end of each month so my total revolving balance might be 600 bucks one month and 4000 bucks the next depending on spending during that month. A FICO score of 797 gets a hyper-picky comment, while a FICO score of 804 gets "no negative factors." Oddly enough I've never seen one of my scores be exactly 800, it's always above or below.
Edited to add actual quotes from two FICO reports, one 804 and one 797.
804
What’s hurting your FICO® score
Because your FICO® score is exceptionally high, there are no actionable negative factors present with your score. Continue to manage your credit as you currently are doing to maintain your very high FICO® score.
797
What’s hurting your FICO® score
The negative factors listed here are reasons why your FICO® score is not higher. You should focus on changing the behavior that caused these negative factors. These factors are listed in order of their impact to your score, the first has the greatest negative impact and the last has the least.
Please note that a negative factor can be provided even if you are better than the national average of FICO® high achievers on that factor. In all likelihood, this means that your FICO® score is already quite high. The fact that you are still receiving a negative factor means that there is still some room to work on that factor