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Registered: ‎06-30-2011
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What is considered "New Credit"

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


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Frequent Contributor
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Registered: ‎05-06-2009
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Re: What is considered "New Credit"


Lil_Me wrote:

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


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.

Super Contributor
Posts: 9,674
Registered: ‎01-28-2010
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Re: What is considered "New Credit"

 

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

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
New Contributor
Posts: 67
Registered: ‎06-30-2011
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Re: What is considered "New Credit"

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


1/1/2015 TU: 638, EP: 642, EQ: 615
TU: 638
Since:
Kay Jeweler's $400/ Capital One Visa $900/ Credit One Visa $750/ Firestone $2200/ Von Maur Card $500/ Fingerhut $1800/ Discover It $700/USAA AMEX $300/Comenity-Pebbles $1050/ PayPal $1200
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Registered: ‎07-14-2009
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Re: What is considered "New Credit"


Lil_Me wrote:

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



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.

 

 

 

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New Contributor
Posts: 67
Registered: ‎06-30-2011
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Re: What is considered "New Credit"

Thank you MarineVietVet!


1/1/2015 TU: 638, EP: 642, EQ: 615
TU: 638
Since:
Kay Jeweler's $400/ Capital One Visa $900/ Credit One Visa $750/ Firestone $2200/ Von Maur Card $500/ Fingerhut $1800/ Discover It $700/USAA AMEX $300/Comenity-Pebbles $1050/ PayPal $1200
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Posts: 306
Registered: ‎01-12-2011
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Re: What is considered "New Credit"

12 mos on the safe side


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Registered: ‎04-09-2011
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Re: What is considered "New Credit"

[ Edited ]

Lil_Me wrote:

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


I would say anthing 6 months or less old.




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