By having credit accounts for a longer period of time reflects positively due to the fact that your credit history allows loan originators to assess how you would typically use credit and make good on your financial obligations.
That being said, some of your accounts that have been open for a long time could be showing a shorter payment history. This is either because the account hasn't been recently used or because the creditor did not report the history to the credit bureaus.
Having a short payment history is a negative factor because it does not present loan originators with the data they need to gauge how you repay your debts and financial obligations.
Length of Credit History (15%)
Comments(0)