Reply
New Visitor
Posts: 4
Registered: ‎08-03-2010
0

When does a new account become a year old

Hi Fico Forum!

I have a question that may sound like a stupid question, but according to FICO scoring, when does an account become 1 year old? Is it the beginning of the month it was opened or the beginning of the next month. For instance, lets say I opened an account last August. For FICO scoring purposes, would it reach the year mark in August or September?

Thanks everyone!! This is a great forum. It's so informative and I've learned so much here!

Epic Contributor
Posts: 25,552
Registered: ‎10-23-2007
0

Re: When does a new account become a year old

If the bank reported it to your credit on the 1st of aug when the account was opened and they report your balance to credit on the 1st each month, it should be 1 year in aug after it reports for the 12th time on the 1st

Fico Scores: EQ- 670., TU 710 Sync, EX 728 SoFi(05/04/15)
I'm just trying to catch up to RON1
95 Cards and Counting Smiley Tongue
Highlighted
New Visitor
Posts: 4
Registered: ‎08-03-2010
0

Re: When does a new account become a year old

Thanks for the explanation!

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.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

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.