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Established Member
Posts: 61
Registered: ‎07-21-2012
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When is the sixth month point?

We all know that your fico goes up at

the sixth month point of your account.

 

But when is this? 6 months from opening or

6 months of payments reported on report? (which often makes it 7 months)

Valued Contributor
Posts: 2,065
Registered: ‎11-17-2012
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Re: When is the sixth month point?


uroosa1 wrote:

We all know that your fico goes up at

the sixth month point of your account.

 

But when is this? 6 months from opening or

6 months of payments reported on report? (which often makes it 7 months)


It's actually 6 months from the inquiry if you're talking about the six month rule...typically, after six months, the ding from the inquiry becomes less of an impact on your FICO score, therefore raising it. However, perfect payment history and low utilization on all your accounts will help it grow as well!


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Valued Contributor
Posts: 3,406
Registered: ‎12-19-2012
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Re: When is the sixth month point?

It is usually when the 7th statement cuts.
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Moderator Emerita
Posts: 27,204
Registered: ‎09-13-2012
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Re: When is the sixth month point?

I can't wait until March! I opened 5 of my 7 cards in Sept/Oct last year plus a CA is due to fall off in March.  I am hoping to see an increase with April's scores. 

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