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LENGTH OF TIME ACCTS ESTABLISHED : How long do they have to be established for to no longer get this message
TOO MANY NEW ACCOUNTS: After how long is an account no longer considered "new"
@bogoss83 wrote:LENGTH OF TIME ACCTS ESTABLISHED : How long do they have to be established for to no longer get this message
TOO MANY NEW ACCOUNTS: After how long is an account no longer considered "new"
I'd say anything under 6 mos is considered "new". I had a 42 point drop in score because of a "recent new account"--- it had been reporting 3 months already!
@webhopper wrote:
After 6 months the account is not new. Also; aaoa may play a role.... but I am not sure about that
Off topic...man that Platinum Spade looks shiny...lol!
My newest account was opened on 03/2013 and I still get these 2 messages AAoA is more than 8.7 years , active accounts 2 one opend on 09/2012 and other on 03/2013 and I get same exact messages till now.
Some lenders can still consider accounts <12 months as "new" within their u/w criteria and reasons, while others will not.
@FinStar wrote:Some lenders can still consider accounts <12 months as "new" within their u/w criteria and reasons, while others will not.
This.