Tag Archives: bank loan
History counts in the FICO calculations. [cosigner] [bank loan]
When I was 14 (1983), I had a job and got my first bank loan for a motorcycle with a cosigner. I bought 2 more bikes and 3 new cars in the next 8 years ('83-'91). All payments were perfect and PIF (Dad stayed on me). FICO says my oldest story is only 11 years and 8 months old. Can I turn that good story? Is that part of my excellent credit gone forever?
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