Equifax Credit Report And Scores
2010
How is the “Average Account Age” in the Equifax credit report calculated?
I have a combination of Open, Closed, Revolving, consolidated and unconsolidated student loans, and a couple credit cards I have never used. I have averaged these in many different ways but have not yet arrived at the “Average Account Age” that is reported in the Equifax credit report. For those who haven’t purchased their report, an “average account age” is given, and the longer it is, the better for one’s credit score. Hopefully someone who has a simpler credit history can shed some light on how it is calculated. Thanks!
I believe it is oldest account (in month) plus newest account (in month) divided by 2.
Card 1: 24 month
Card 2 : 16 month
==> 24+16= 40 / 2 = 20 month (1 year 8 Month ) average account age.
Credit Score vs.Credit Report from FreeScore.com
|
|
Credit Correction: Legally Correct a Bad Credit Report and Repair Your Score in 6 Weeks or Less Complete video course on how to correct bad credit. You will learn: how to identify mistakes, tricks to increase your score quickly, how to contact the major credit agencies, what the scores mean and what is a desirable score, & how to “beat the system”. You can be on your way to a much better credit score within 4-6 weeks…. |
|
|
Perfect Credit: 7 Steps To A Great Credit Rating $7.95 Perfect Credit is the definitive guide to getting and keeping outstanding credit. Think of this book as a roadmap for anyone hoping to establish picture-perfect credit, make improvements to have stellar credit, or simply maintain a fantastic credit standing. Right now, roughly 220 million Americans have credit files maintained by the “Big Three” credit bureaus: Equifax, Experian, and TransUnion. O… |
|
|
Be Creditworthy! Fix Your Credit Report & Raise Your Credit Score. Manual for Individuals and Business Start-Ups. Total, complete, comprehensive guide. Easy to follow. Very useful. For individuals and start-up businesses. Use the Guide to help yourself, your family members, and your friends. Do you know why the negative info stays on your credit report for seven years?Find out in “Be Creditworthy” Guide…. |
Comment