New Member
walt1226
Posts: 2
Registered: ‎05-20-2013
No Fico Score

I have about 11 years of history with three paid and closed installment loans and a paid and closed cc not one single late payment, but they were all over 8 years ago.  Now that I want to buy a house, I don't have a fico score.  I opend a secured credit card three months ago and my wife added me as an authorized user on her amex with a CL of $28,300 and 8 years of perfect history.  

 

Do I just need to wait for 6 months of current history?  Do I not have a score because I had no open accounts for so long?

Moderator
guiness56
Posts: 22,406
Registered: ‎01-17-2008
Re: No Fico Score
[ Edited ]

You would need at least one account that has been open for 6 months or more. 

 

Being an AU should have given you instant history from that account.  Are you sure it is reporting to all 3 CRAs?

Valued Contributor
AndySoCal
Posts: 1,952
Registered: ‎04-07-2009
Re: No Fico Score

Being added as an authorized user will give you score when the account is reported.

Equifax My FICO score 815 5/28/2012, 818 on 7/28/2014 . Average of Accounts 12 years and no Installment accounts. MyFICO TU 810 6/26/2012 809 4/21/2013 MyFICO XPN -805. 2/26/2014 Discover TU FICO 813 App free since 9/2011