What is considered "New Credit"

[Lil_Me]

What is considered new credit, anything over a year old?

[Anonymous]

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@Lil_Me wrote:

What is considered new credit, anything over a year old?

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Opposite.  Usually anything under a year is new... some lenders consider 6 months.

However, some conservative lenders like PenFed get revved up about accounts under 2 years.

[pizzadude]

IMO, anything under 6 months is new.   I would argue with any creditors that labled as "new" anything older than 6 months.....

[Lil_Me]

I apologize I meant anything under a year. Ok so anything under 6 months is consider new credit?

[MarineVietVet]

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@Lil_Me wrote:

I apologize I meant anything under a year. Ok so anything under 6 months is consider new credit?

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You'll probably get as different opinions on this as the number of people who answer. Thats nothing new in the credit world. I believe from reading many, many posts that after 6-12 months an account passes the "new" stage. But as always YMMV.

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".

[Lil_Me]

Thank you MarineVietVet!

[xlr8d]

12 mos on the safe side

[LS2982]

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@Lil_Me wrote:

What is considered new credit, anything over a year old?

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I would say anthing 6 months or less old.