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6 month credit card aging

Established Member

6 month credit card aging

I have been waiting for my credit card to hit the 6 month mark. It is the only line of credit I have. It just updated today and nothing, no score increase. my utilization is at 6 percent. Does it always give and increase or any suggestions on bumping my score? Thanks!

Message 1 of 10
9 REPLIES
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Valued Member

Re: 6 month credit card aging

i am not 100% sure on this, but my thinking is that it woudl actually take 7 months, because the reporting date is usually behind. I am some what unfamilar with the rule that it will increase after 6 months. in my experience that has never happened to me, but I have several tradelines.


Starting Score: 547 USAA FAKO 4/11/12
Current Score: 589 USAA FAKO 6/7/12
Goal Score: 640 for now


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Message 2 of 10
Frequent Contributor

Re: 6 month credit card aging

I've never heard of an "automatic" score increase at 6 months for credit cards - I'd really be interested to hear what someone knowledgable in this area has to say as I have one coming up on its sixth month soon!


Starting Score: TU:619 (02/24/2012) - EQ:629 (02/24/2012)
Current Score: TU:632 (06/21/2012) - EQ:672 (06/21/2012)
Goal Score: 740


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Message 3 of 10
Established Member

Re: 6 month credit card aging

yes, i've been diligently reading my fico and other boards and have read it ages at 6 months and can give you the biggest increase in the cards history.

Message 4 of 10
Super Contributor

Re: 6 month credit card aging

 

I wouldn't expect a large FICO boost based on a single account aging past 6 months.    The FICO scoring benefits of on~time payment are achieved slowly and over time, as opposed to the FICO scoring ding for late payments, which are immediate, severe, and long lasting......

March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Message 5 of 10
Frequent Contributor

Re: 6 month credit card aging

Man now I'm really excited - I have one credit card that hits six months as soon as the payment from May hit my credit and the another that will hit six months in August - right now the MyFICO score simulator has me at above a 700 by taking my CC util down to less than 10% (I hope thats accurate) - I plan on buying a home in November - with the util down and two credit cards hitting six months I may be in a good position!!


Starting Score: TU:619 (02/24/2012) - EQ:629 (02/24/2012)
Current Score: TU:632 (06/21/2012) - EQ:672 (06/21/2012)
Goal Score: 740


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Message 6 of 10
Frequent Contributor

Re: 6 month credit card aging

Second question - is this the same for auto loans too?


Starting Score: TU:619 (02/24/2012) - EQ:629 (02/24/2012)
Current Score: TU:632 (06/21/2012) - EQ:672 (06/21/2012)
Goal Score: 740


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Message 7 of 10
Valued Contributor

Re: 6 month credit card aging


JohnPTEX wrote:

Second question - is this the same for auto loans too?


WIth an auto-loan added to your "mix of credit", which will very likely give you a boost to your scores.

5/2012: 560 credit scores across the board
12/2014 750+
3/2017 780+
5/2017 800+
Message 8 of 10
Frequent Contributor

Re: 6 month credit card aging

Well I ask because I also have an auto loan that hits the 6 month mark in July


Starting Score: TU:619 (02/24/2012) - EQ:629 (02/24/2012)
Current Score: TU:632 (06/21/2012) - EQ:672 (06/21/2012)
Goal Score: 740


Take the FICO Fitness Challenge
Message 9 of 10
Established Member

Re: 6 month credit card aging

i think auto loans give you an increase after 12 months from what I've read

Message 10 of 10