According to MYFICO.COM, "Your FICO score measures the age of your oldest account and the average age of your accounts." So what this translates to is: Age Discrimination! They also say, "FICO High Achievers opened their oldest account 19 years ago, on average." How are we, in our twenties, supposed to have THAT long of a credit history? Or do lenders take into consideration our age and then understand why we have such a short credit history? ( 15% of our score is based on LENGTH ) In my opinion, they are basically saying the older we get, the less of a risk we become?? NOT ALWAYS TRUE
2007-10-11
07:02:01
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7 answers
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asked by
Angeleyes78
3
in
Credit