Reply
Regular Contributor
Posts: 132
Registered: ‎09-10-2012
0

AMEX Question

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 ?


Starting Score: EX 734 TU 749
Current Score: EX 734 TU 749
Goal Score: EX 766 TU 770


Take the myFICO Fitness Challenge
Valued Member
Posts: 40
Registered: ‎04-18-2008
0

Re: AMEX Question

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.

Photobucket
Valued Contributor
Posts: 2,982
Registered: ‎02-09-2012
0

Re: AMEX Question

he has amex gold charge card now. yes, you can app in jan for max backdating
5/2012: 560 credit scores across the board and $500 secured CC
12/2014: 750+ scores across the board and $80k in revolving credit

Get those baddies removed!!!
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.