topic FIRST OF MONTH, NEXT MONTH OR ACTUAL DATE in Understanding FICO® Scoring

FIRST OF MONTH, NEXT MONTH OR ACTUAL DATE

rom828 — Thu, 04 Feb 2010 17:58:48 GMT

I know I've seen other posts on this (think htsu had one..or more...on this) but naturally now that I've been trying to find one, I can't!!

I'm wondering about when the 'aging' of an account or inquiry takes place, ie: actual date, first of month, next month, etc. If I remember from other posts, it can vary by CRA.

For instance, an inquiry or account shown as 3-19-09 would age 3-1 or 3-19 or 4-1?? (I realize inqs stay on report for 2 yrs regardless).

I've got some coming up so just want to know when to be looking for possible improvement!!

Re: FIRST OF MONTH, NEXT MONTH OR ACTUAL DATE

llecs — Thu, 04 Feb 2010 18:16:56 GMT

In my experience nad I may have to confirm, EQ FICO stopped calculating the inquiry on the actual 1 yr anniversary date. TU stopped on the first of that month.

Re: FIRST OF MONTH, NEXT MONTH OR ACTUAL DATE

rom828 — Thu, 04 Feb 2010 20:10:02 GMT

Thanks for the prompt response, llecs!

I assume they do the same for accounts (?).

In light of your helpful info, I hope I see a little increase when my Feb 19th inq celebrates its birthday, and then again when 2 other accounts have their March birthdays.

I wanna be a FICO high achiever one day!!