Originally Posted by
RichardKenner
I've seen no evidence that that's indeed the claim. There's a lot of information in credit reports that has nothing to do with credit risk. The fact that somebody has had a credit card for 20 years shows stability no matter how much they own on it or how many times they've been late in payments, for example.
It shows that that one person *may* be stable. But what if I am a savvy consumer who shops around for a new credit card at a lower rate when my current CC company raises my interest rate? I have done that several times.
How does that make me less stable than someone who has a 20-year-old account?