04-09-2009 12:32 PM
04-09-2009 03:04 PM
04-09-2009 04:01 PM
Whats the history like (good and bad) before 1999 and after? He should be fine is what I am thinking.
It's good. Only 3 accounts with $0 balances. That's what I thought too....he should be ok. We're gonna try tonight to apply for a CC.
04-09-2009 04:03 PM
I dunno, you'd be amazed; a lot of banks are gutless wonders when it comes to dealing with someone without recent credit history.
Who does he bank with, and do they offer a CC? He might want to investigate that first, if he's had a long (and positive) relationship with them.
He hasn't banked with anyone in the last few years but we just opened up a joint checking/savings together. Too bad he hasn't banked with anyone in the last few years...it probably would've been easier to get a CC thru them!
04-09-2009 04:12 PM
04-09-2009 04:19 PM
04-09-2009 04:25 PM
04-09-2009 04:25 PM
I'm curious --if he hasn't had any active credit in the last six months, which is how I read your first post, how does he have FICO scores? I thought he hadn't had anything since 1999.
I just looked at his report again. On TU, he has one Macy's card still open. No balance and the CL is $100. The other two accounts were 2 CCs closed in 2000 and both were paid off. On his EQ report, its the exact same thing. Both CRs have no collections but have 3 inquiries from 2008. So, maybe the 'active' credit is his Macys card?
04-09-2009 04:26 PM
I think he would need atleast 6 months of history. Need not necessarily be in the last 6. But 1999 is a decade ago. Its too long and with no recent history, Id be curious to know what would happen.
I'm curious too! We'll find out when we try to apply for a CC tonight!
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.
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.