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"Time since your most recent account opening is very recent"??

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Anonymous
Not applicable

"Time since your most recent account opening is very recent"??

I know I saw this answer in this  forum before, but I did a search and couldn't find it again.
 
How long before a new account is not considered "new or recent" for credit scoring?
 
It is my first reason (I think that means most important) for my score not being higher.
 
Thanks
 
Message 1 of 7
6 REPLIES 6
Anonymous
Not applicable

Re: "Time since your most recent account opening is very recent"??



@Anonymous wrote:
I know I saw this answer in this forum before, but I did a search and couldn't find it again.
How long before a new account is not considered "new or recent" for credit scoring?
It is my first reason (I think that means most important) for my score not being higher.
Thanks



12 months.
Message 2 of 7
Anonymous
Not applicable

Re: "Time since your most recent account opening is very recent"??

deleted / duplicate.

Message Edited by ilovepizza on 08-30-2007 08:13 AM
Message 3 of 7
Anonymous
Not applicable

Re: "Time since your most recent account opening is very recent"??

Your score rebounds twice actually. 2 months and 12 months. But you will see that message if you have no other factors for 12 months. And believe it or not, sometimes longer. But the point loss is regained fully after 12 months.
Message 4 of 7
Anonymous
Not applicable

Re: "Time since your most recent account opening is very recent"??

It's actually more complicated than this, but that is a general idea.
Message 5 of 7
fused
Moderator Emeritus

Re: "Time since your most recent account opening is very recent"??

6-12 months
Message 6 of 7
smallfry
Senior Contributor

Re: "Time since your most recent account opening is very recent"??

After two years they really start to help the scoring.
Message 7 of 7
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