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Length of credit and score

Discussion in 'Credit Talk' started by steve, Jan 21, 2002.

  1. Jan 21, 2002 #1
    steve

    steve Well-Known Member

    Hi all, I was wondering how is the length of credit figured into the FICO score, is it based on the average age of all your accounts or something else ? Do loan payments and dept. store cards also figure into the same equation ?

    Thanks.
     
  3. Jan 21, 2002 #2
    ohnostuck

    ohnostuck Well-Known Member

    FICO-

    Friggen idiot cheap ossholes...DARN. Couldn't think of anything that started with an O


    They give me 1 point back for the 20 they took for the collection that was removed.

    Who knows how it works, if you find out let me know.
     
  4. Jan 21, 2002 #3
    GEORGE

    GEORGE Well-Known Member

    I have PERFECT CREDIT (all-be-it LOTS)...since 1978...BUT get no "EXTRA" credit for it!!!
     
  5. Jan 21, 2002 #4
    GEORGE

    GEORGE Well-Known Member

    PAID $30,000 IN ONE MONTH...LOST F.I.C.O. POINTS...

    Nobody knows, and they WON'T tell...
     
  6. Jan 21, 2002 #5
    Rina

    Rina Well-Known Member

    This may answer your question
    http://www.ftc.gov/bcp/creditscoring/present/sld030.htm
     

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