Understanding FICO® Scoring

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Established Contributor
hoping2rebuild
Posts: 905
Registered: ‎07-25-2008

1 year mark......Just curious

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‎11-26-2012 05:25 AM

OK just kinda curious about this one but did anyone here see in score increase after

Their cards hit the one year mark with perfect payment history?

My cap 1 will be a year old next month and I was just wondering if I would see any change

 

Thanks :smileyhappy:

Starting Score: 377EQ/350EX/400TU As of 11/2011
Current Score: 620EQ/614EX/612TU As of 01/2013
Goal Score: 700+ across the boards
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Valued Contributor
Jutz
Posts: 1,214
Registered: ‎05-10-2012

Re: 1 year mark......Just curious

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‎11-26-2012 05:27 AM

At the very least you'll gain a couple of points from the inquiry that Cap1 hit you with on all 3 bureaus.  Aging has more to do with your AAoA, though I believe you get hit for a new account up front.

  • Current: EQ FICO 694, TU FICO 695, EX FICO 698 | Starting Score: 525 (05/2012)
  • Starting total revolving credit: $1100 | Current total revolving credit: $21,500
  • Inquiries (12 Months): EQ 5 TU 3 EX 5 | Most Recent: 7/13/2013
Chase Freedom $5000
DCU Visa $2000
Capital One QS $2000
AMEX BCE $1000
Lowe's CC $8500
WalMart CC $2400
BOA Platinum $600
AMEX Gold NPSL
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Regular Contributor
Unoriginalnj
Posts: 116
Registered: ‎11-13-2011

Re: 1 year mark......Just curious

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‎11-26-2012 07:22 AM

I'm currently awaiting my cap one to hit the one year mark in December. Also awaiting two inquires (of 8 total) to fall off by end of year. If it's of any interest I will update this thread when that all happens.
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Established Contributor
hoping2rebuild
Posts: 905
Registered: ‎07-25-2008

Re: 1 year mark......Just curious

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‎11-26-2012 08:48 AM

Please do

Starting Score: 377EQ/350EX/400TU As of 11/2011
Current Score: 620EQ/614EX/612TU As of 01/2013
Goal Score: 700+ across the boards
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Moderator Emeritus
llecs
Posts: 32,868
Registered: ‎08-04-2007

Re: 1 year mark......Just curious

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‎11-26-2012 10:28 AM

IME, yes.....provided I don't have anything newer. I've seen gains of 10-20 as the youngest hit a year. If I had newer accts, the gains would be small, if any.

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