topic Re: new accounts opened in General Credit Topics

new accounts opened

Anonymous — Sun, 13 Apr 2008 18:15:29 GMT

Hi. When I pulled my Equifax report, it said that I had too many newly opened accounts. Do you know how long those accounts need to age before they are not considered new anymore?

Re: new accounts opened

MidnightVoice — Sun, 13 Apr 2008 18:20:12 GMT

jamaraz1 wrote:
Hi. When I pulled my Equifax report, it said that I had too many newly opened accounts. Do you know how long those accounts need to age before they are not considered new anymore?

FICO seems to like them to be at least a year old

Re: new accounts opened

Anonymous — Sun, 13 Apr 2008 18:23:42 GMT

Thanks. A lot of my new credit will be a year old in May. Do you think I will see a bump in my score that early?

Re: new accounts opened

MidnightVoice — Sun, 13 Apr 2008 18:26:45 GMT

If all of your accounts get to be over a year, and all your inqs age to over a year, I would expect a little bump after all have them have reported the 12th statement, all other things being equal

Re: new accounts opened

Anonymous — Sun, 13 Apr 2008 18:32:11 GMT

thanks!

Re: new accounts opened

Anonymous — Sun, 13 Apr 2008 19:49:24 GMT

Thanks for the thread. I was thinking 6 months where it lessens and then a year for even more improvement. So it's one year before you see a boost due to aging?