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Age of Credit History Formula is Unfair and Misleading
This formula is unfair and misleading. If I had an account for 9 years, why would a formula need to average all my accounts. In this formula if I added 2 cards that had 12 years and I have 4 new accounts, it would bring my Age of Credit History lowered. It seems to me that a creditor would want to know how long I had an accounts, not an average. This formula assist the financial industries to offer higher percentages.

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