Approximately 15% of the FICO score is related to the overall length of time your accounts have been in use. In general, a longer credit history will increase your FICO score. It is still possible to have a decent FICO score without a long credit history if the rest of the credit report is in good standing. The calculation of the FICO score takes into account the age of your oldest account, newest account, and the average age of all your existing accounts. It is important to show some activity on your accounts as well.
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