Aged of new account time frame?

[Anonymous]

How long would it take for "New Account" to be considered of aged account or to be considered NOT new account any more?

[MarineVietVet]

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@Anonymous wrote:

How long would it take for "New Account" to be considered of aged account or to be considered NOT new account any more?

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I'm not sure there is a consensus on this but 6-12 months seems to be what a lot of folks report.

But as always YMMV.

[RobertEG]

+1

However, due to the properitary nature of the trade secret innards of the scoring algorithm, the answer is only anecdotal.

You live with what it is....

[elim]

I'm hoping for 6 months but planning on 1 year (same boat)

[Anonymous]

If an inquiry counts for one year I think a new account counts for at least 1 year as well . That's just my guess .

[Anonymous]

For "New Account" reporting purposes I believe I read somewhere that anything less than 2 years is considered "New Accounts".  Not 100% sure but I recall something like that

For credit scoring purposes, your scores generally start to increase from new tradelines after the 6 month mark

[Anonymous]

I heard from a guy from the dealer I was told 12 months mark, anything after 12months mark will consider old.  Thats why they recommend if anyone want to re-finance, wait untill after 12 excutive months.  I didnt sure about this and I wanted to know the FACT about it.  Seem like there is no solid answer to this question as of yet?

[MarineVietVet]

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@Anonymous wrote:

I heard from a guy from the dealer I was told 12 months mark, anything after 12months mark will consider old.  Thats why they recommend if anyone want to re-finance, wait untill after 12 excutive months.  I didnt sure about this and I wanted to know the FACT about it.  Seem like there is no solid answer to this question as of yet?

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I believe this to be the truth. There is no official definitive answer to this that I've ever read.

But time is a friend when it comes to credit and accounts aging.