General Credit Topics

[dimitrip]

I am new to credit, I have 1 account opened in december 2011. I used the account and paid it off in 4 months. According to the FICO formula, 1 account open for 6 months and rated for at least 3 months, according to this I should have gotten my first score today being the 6th month, am I missing something? The last reporting date on the account is 4/2012, does that have anything to do with it?

thanks

[espnjunkie]

if you opened the card in december you will have just completed your 4th billing month and are beginning your fifth moth. You likely won't have any scores until 6+ months of statements have been reported. Pay on time and in full if you want to boost your scores

[Guava]

I'm not sure I follow. You have one (and only?) account since Dec. 2011, the account to date should be ~ 4-5 months old. From what you said, you didn't hit the 6-month mark yet, so still no scores.

[deemutz]

i think the OP is focusing on the 'rated for 3 months' more than the 'open for 6 months'

[Guava]

One way to know for sure is checking your credit report & see how long the account has been reporting. 6 months of reporting is enough to generate scores for you AFAIK

[dimitrip]

account is reporting opened 12/2011. Now Im confused, my math tells me its open for 6 months.

[Wolf3]

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dimitrip wrote:

account is reporting opened 12/2011. Now Im confused, my math tells me its open for 6 months.

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What is date of first (closing date).   I think you need 6 or those.

[Viper786]

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dimitrip wrote:

account is reporting opened 12/2011. Now Im confused, my math tells me its open for 6 months.

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Dec to Jan - 1 month

Jan to Feb - 2 months

Feb to March - 3 months

March to April - 4 months

April to May - 5 months

May to June - 6 months