topic Re: DOES MYFICO REPORT AN INCREASE IN SCORE AFTER 6 MONTHS OF CREDIT CARD USAGE? in Understanding FICO® Scoring

DOES MYFICO REPORT AN INCREASE IN SCORE AFTER 6 MONTHS OF CREDIT CARD USAGE?

Anonymous — Wed, 20 Apr 2011 10:43:24 GMT

I also have another question, in my equifax accounts, my credit card info is absent, should it not be seen as an account that is being paid?

This is also happening with my revolving car payment with transunion, what do I do to get it right?

Thanks

Re: DOES MYFICO REPORT AN INCREASE IN SCORE AFTER 6 MONTHS OF CREDIT CARD USAGE?

Anonymous — Wed, 20 Apr 2011 13:16:58 GMT

MyFico only reports a change in score if the credit bureau reports new information at any time that causes the fico scoring algorithm to spit out a different value. This can happen at any time, and is not predicated on a specific number of months.

For your other questions, not all accounts report to all credit bureaus. If you are concerned about a specific credit bureau missing information on an account, contact the creditor and ask that they report the correct information to that bureau. They have no obligation to do so, however.

Re: DOES MYFICO REPORT AN INCREASE IN SCORE AFTER 6 MONTHS OF CREDIT CARD USAGE?

Datx — Wed, 20 Apr 2011 13:26:49 GMT

I learned from another forum that you get points after your credit card has aged for 1 year. I don't believe you gain any points after the 6 months though.

Re: DOES MYFICO REPORT AN INCREASE IN SCORE AFTER 6 MONTHS OF CREDIT CARD USAGE?

Anonymous — Wed, 20 Apr 2011 15:03:03 GMT

@MyCreditStinks wrote:
I learned from another forum that you get points after your credit card has aged for 1 year. I don't believe you gain any points after the 6 months though.

Yea, that's not true either...two of my cards just reported for the twelfth month and I got no boost whatsoever. However lates give you a boost every year that passes on the 13th month.