05-12-2007 01:12 PM
05-12-2007 03:06 PM
05-12-2007 03:53 PM
Not so sure I agree with you on this. My oldest TL is a paid off auto loan. It opened in 05/2002 and paid in full with never a late payment in 06/2006. I opened an unsecured Visa with a 2k limit and a Macy's with a $400 limit in 12/05. Then in 02/06 opened another Visa with FIA (formerly MBNA) with a measly $500 limit. In 12/06, pre-approved for an AMEX Blue with 4.8K limit. Finally, just last April was pre-approved for an AMEX Rewards Plus Gold Card (no pre-set limit, well supposedly). Moreover, I have 8 inq's on EQ, 6 on EX and 2 on TU. Keep in mind, I have 0 derog's, no late on any of these TL's listed. I have dramatically increased the CL's on all of these cards with only 10 to 15 point increases in my scores. Now my EQ and TU are 783 and 804 respectively, EX is lower at 755. This is because EX is the only one not showing old, in good standing AMEX accounts with me as an AU. But with my short credit history of only 5 years and most of my TL's less than 2 years reporting on EX, I would say 755 is quite good, I must be luckily....Or maybe FICO may just shoot out numbers arbitrarily.
masdeocho wrote:Maybe a modest boost. Credit scores are like fine wine -- you don't see significant changes over short periods of time. You have to let them ferment for many years. High FICO scorers have accounts between 6 - 12 years old.
05-12-2007 04:24 PM
05-12-2007 04:39 PM
05-12-2007 04:42 PM
05-12-2007 04:49 PM
I would have to say definitely yes! How much not sure! Mine went up between 10 to 15 on all three CRA's after cc's aged one year. Of course there were no baddies. Forcing the cc's into CLI's will only help you too. Push them to give you more or threaten to close your cards with them. I used this tactic. Tuscani or Brammy might know more!!!
jdeezy wrote:I have 9 years of credit history. I just noticed that the myfico reports has a section where it list the number of accts opened in the last year. The 3 accts that I have listed there will be removed from that section next month.Myfico takes into account the # of inquires in this last 12 months and excludes the rest, so I was just wondering if when those accounts become 1 year of age do you receive any points?
05-13-2007 01:34 PM
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.