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AMEX Qn...

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Anonymous
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AMEX Qn...

Whats up ppl... ???

 

Quick question about amex... apped lots of cc's in the last year or so... credit file is like 4.5 yrs old with AAOA of 1 year. If my grandpa were to add me on his amex - think he has had it since eighties or early ninties and then I get an amex of my own (say green or zync) and get amex to backdate it - do you know what this would do to my score?

Speculations welcome... also planning to buy an investment property in sept.

 

Thanks

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2 REPLIES 2
Creditaddict
Legendary Contributor

Re: AMEX Qn...

you would probably see a little gain because of longer age, but not sure how many points we are actually talking about.

Message 2 of 3
stan_the_man
Established Contributor

Re: AMEX Qn...

You would definitely see some gain because of the longer history and AAoA, but how big would most likely be a function of what your score and how recent any baddies are.

 

Imagine a 780 vs. a fairly clear 700 vs. a messy 600. I would imagine that all three scores would go up, but that absolute and % change would probably be biggest the lower your score was.

 

Keep in mind that established history = 15% of the FICO score. That's probably the only thing that you're going to improve right now:
http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Credit-Scoring-101-START-HERE/m-p/8169

 

 

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