topic Re: How long does it take before an account is considered 'good standing'? in General Credit Topics

How long does it take before an account is considered 'good standing'?

2b2rich — Tue, 09 Jun 2015 20:17:19 GMT

I'm looking at the TU report I got on MyFico today and one of the negative reasons it gives (that makes up my score) is this:

You have few accounts that are in good standing.

It goes on to say how high achivers generally have 6 or more accounts in good standing and that I only have 3.

Actually, I have 5, with 2 more that have already reported to EQ & EX so any day I will have 7 on TU. The only difference I can see between the 5 already reporting is that 3 are showing payment history (you know the little timeline where it shows stuff like "ok" "30days late" ,et . Two of my tradelines is not showing that timeline, but they do have 'pays as agreed' in the comments.

Of those 2 tradelines (both are Cap 1), the first one I've already made 3 payments on. It doesn't report this month until after the 16th.

The 2nd one is a CC with 2 payments already and it should be updating any day with the 2nd pmt.

On the other hand, the other auto loan that I got SINCE the one with Cap1 has been showing payment history since the first tiime it reported.

Does anyone know if Cap1 just waits until a certain age of the account to begin reporting that?

Re: How long does it take before an account is considered 'good standing'?

takeshi74 — Wed, 10 Jun 2015 12:51:44 GMT

It's not just a matter of time and the message isn't necessarily indicating that your accounts are not in good standing. You just haven't reached the mark of X accounts in good standing on your report. Don't worry over these messages. My scores are over 800 and I have such messages as well. Not about accounts in good standing but other messages.

@2b2rich wrote:
Does anyone know if Cap1 just waits until a certain age of the account to begin reporting that?

First reporting varies among the creditors. I don't know what CO does bit can take several months depending on the creditor.

Re: How long does it take before an account is considered 'good standing'?

Anonymous — Wed, 10 Jun 2015 12:56:29 GMT

Hopefully this can help. My TU said the same thing for six months. I have 8 accounts always paid either in full or to below 10%. My AAofA just hit 6 months and poof, ''You have many accounts in good standing.' My oldest account is 16 months.

Re: How long does it take before an account is considered 'good standing'?

Anonymous — Wed, 10 Jun 2015 21:55:00 GMT

Cap 1 took 2 months to report my cards