FICO high achievers have
- Their oldest accounts is 19 years old.
- The average age of their accounts is between 6 and 12 years.
- opened their most recent account 27 months ago.
Opening new credit account or short credit history will hurt your FICO score.
- 93% of them have no missed payments at all. But of those who do, the missed payment happened nearly 4 years ago.
Missing payment will hurt your FICO score.
- Ratio of their revolving balances to their credit limits is 7%.
Too many credit cards carrying balances or heavy usage of your credit will hurt your FICO score.
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