re: Son got denied for a credit card

quote:

---

I would be curious to learn more about this. I know each company has multiple scores available for sale - different versions of FICO, insurance scores, scores by other providers, etc. But I didn't think age of the individual had anything to do with it.

---

According to FICO, they don't factor age of the person. Average Age of Accounts is a big factor and can contribute to older people having higher scores. From MyFico:

FICO scores consider a wide range of information on your credit report. However, they do not consider:

Your race, color, religion, national origin, sex and marital status.
US law prohibits credit scoring from considering these facts, as well as any receipt of public assistance, or the exercise of any consumer right under the Consumer Credit Protection Act.
Your age.
Other types of scores may consider your age, but FICO scores don't.