Understanding FICO® Scoring

[jon17brown]

Hi everyone. I know this whole FICO thing is not an exact science but I thought I'd ask for fun. Here is my current credit status...

I have a Cap1 secured card and a Cap1 unsecured card. The secured is about 3 months old and the unsecured is only 1 month. I have 6 inquiries within the past year. I have not missed a payment on either card and do not intend to! My utilization will STAY under 10%. I have absolutely nothing else on my credit. No baddies or other loans or records.

I cannot pull my FICO score because I don't have enough credit history to generate one. I hear that it takes about 6 months.

Now here's my question. What should I expect my first FICO score to be? I used the FICO estimator on this site and it gave me a range of 700-750 when I input the info to reflect at least 6 months of history. If this is accurate that would be awesome given that about 6 months ago (before I got all my baddies off) I was at a 492 (best buy pull)!!!

Anyways, this is just for fun. My way of enjoying this painstakingly long gardening I'm doing! Thanks in advance!

[RobertEG]

With next to no length of credit history, you are loosing close to 15% of total score in that one category.

An otherwise pristene CR would probably be capped in the mid to low 700s.

Inquiires and accounts under one year may still be there once you hit the 6 month mark needed to generate a score.

Some bump when they pass one year.

If credit is only revolving, some loss in mix of credit.  Multiple revolving helps a lot, but a small ding for lack of installment.

I would guesstimate around 700.