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Frequent Contributor
Posts: 326
Registered: ‎09-28-2011
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Re: How long will it take for a secured cc to affect my Fico score?

i have a card thats 10 years old a chard thats 4 years old and one thats 6 months old once my 6 month old account isnt new anyone its factored in as a normal account kinda like how you cant get your credit score until you have had a account open at least 6 months.



 

FICO
Equifax - 786 (05/13)
Experian - 782 (04/13)
Transunion - 791 (05/13)
Senior Contributor
Posts: 3,197
Registered: ‎01-24-2010
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Re: How long will it take for a secured cc to affect my Fico score?


Jonbuck06 wrote:

i have a card thats 10 years old a chard thats 4 years old and one thats 6 months old once my 6 month old account isnt new anyone its factored in as a normal account kinda like how you cant get your credit score until you have had a account open at least 6 months.



 


I think there was a mistake in the calculation or report that caused this bizarre November score.   If the new card was excluded it should have been 7 years, if included, it would have been about 4 years.   Your explanation does not account for a 1 year AAoA.

Frequent Contributor
Posts: 326
Registered: ‎09-28-2011
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Re: How long will it take for a secured cc to affect my Fico score?

well thats not the only cards i have on there haha

FICO
Equifax - 786 (05/13)
Experian - 782 (04/13)
Transunion - 791 (05/13)
Moderator
Posts: 15,075
Registered: ‎07-14-2009
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Re: How long will it take for a secured cc to affect my Fico score?

I agree with the others that your AAoA will not go up 3 years after a new account has aged 6 months. Or should I say it's not supposed to do that.

 

I'm not sure what has happened. Were you added as an AU during that 6 months?

 

 

 

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

New Visitor
Posts: 1
Registered: ‎07-26-2012
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Re: How long will it take for a secured cc to affect my Fico score?

I have had the same exact capitalone secured card for three months now, it has reported my payment history on my credit report but it has not improved my score yet. I was told that it takes atleast 6mon before it affects your credit score positvely. Another way to get the score up is to raise the credit limit

New Member
Posts: 3
Registered: ‎07-26-2012
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Re: How long will it take for a secured cc to affect my Fico score?

On the topic of secured cards, I have a cap1 with $100 deposit/$250 limit that's about 3 months old.  No previous credit history.  I originally thought that the payment history was the only important part of a secured card but I've been wondering about the limit recently.  Would a higher deposit help me raise my score more quickly, or get a better CL on an unsecured card?  And would it be beneficial to have a second secured card?

 

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