Scoring

[Anonymous]

How long after opening my Credit Builder Loan account will i generate a score? Is it by the first month i opened it which was in June, or the first statement? 

[Anonymous]

In order to generate a FICO score you must have at least one account reporting at least 6 months of age.

So if you opened it in June and it reported in July, count 6 months from the "opening date" and then give yourself an extra month of math slop!

[Anonymous]

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@Anonymous wrote:

How long after opening my Credit Builder Loan account will i generate a score? Is it by the first month i opened it which was in June, or the first statement? 

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Is this your first/only account?  If so, what ABCD said above is correct.  I wasn't sure if you were referring to a monthly score provided by your new loan account and that you have other (older) accounts already present.  Usually with new accounts a provided score is made available to you within a cycle or two, but I'm not sure with the particular loan you are referencing.

[Anonymous]

Yes it is my first account but i also opened a secured card in August. I just wasn't sure if they start counting for the six months to get a score after they report your account opened, or after the first statement

[Anonymous]

Thank  you for that =) So since it was opened in June, December will make my sixth month, then i should see a score in December correct?

[Anonymous]

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@Anonymous wrote:

Thank  you for that =) So since it was opened in June, December will make my sixth month, then i should see a score in December correct?

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Correct!

FICO is weird because in some date calculations, it drops the "day" portion and focuses on month/year.  Not sure if that works with the 6-month score generation date, but in some cases June 30th and June 1st are considered "the same" so I would say try pulling your score as early as the first week of December!