Account Anniversarys/Birthdays?

krielly · ‎04-08-2009

Rebuilding here. We have had 2 auto loans in the past 1.5 years. One in 11/2007, and the other in 6/2008.

I have also added 2 credit cards in the past few months. 4 - 5 mos old or so.

I hear people talk about account anniversaries/birthdays. At what point for each type auto/cc would I potentially see a score increase?

Thanks

K

You can't have your cake and eat it too. But you can dip your finger in the bowl and lick the icing!

krielly · ‎04-09-2009

bump...........Anyone?????

Thanks

You can't have your cake and eat it too. But you can dip your finger in the bowl and lick the icing!

llecs · ‎04-09-2009

I can't speak to anything beyond 1 yr, but I had a bunch of CCs turn one year old last year right about the same time. There was an unexplained increase of about 20 pts on EQ and less on TU and EX (when we could pull EX) and figured it was based on the 1 yr anniversary. Also, the red flags cleared on each report at "Accounts opened in the past year".