12-03-2012 05:47 PM
Hello, i have only 6 months history
i have a walmart card, wells fargo, capital one and amex gold charge card
I want to apply for a car loan in january, i just got my first fico score this month (you can see them in my signature)
Should i first apply in january for an amex revolver so it could be backdated to january 2012 and make my history look like it's 1 year old ? will that help me? will my history actually become 1 year old ?
12-03-2012 06:06 PM
I don't believe you can backdate a credit account, unless you call your creditor and ask them to change it but it is not likely. You have the option of becoming someone else's Authorized User, like your parents or someone else you know with a longer credit history. If not, I recommend waiting until you have a year's worth of credit and reduce your credit balances to under 15% to increase your scores above 700. Hope this helps.
12-03-2012 06:16 PM
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO