Date of first credit score

[Anonymous]

Greetings everyone!

I have a question about the exact date in which one can obtain a credit score.  I am looking to go on an app spree however I don't want to waste inquiries if I will get denied for not having a credit score/thin file. As I understand, the line is arbitrarily set at 6 months before one can obtain a FICO credit score and get rid of the "thin file" stigma. I graduated HS this year and my parents cosigned a car for me on April 21. According to my CK credit report, that is the first item reported to my credit file. However, that account reports every month on the 30th which means it has only reported 5 months of payments. So my question for everyone is: Which date will be used to determine when I can officially obtain a FICO credit score? Will I be at 6 months on 10/21 or 10/30?

[coldnmn]

If it reports on the 30th then that would be the earliest. For prime lenders that will still be considered a thin credit file in my opinion.

[Anonymous]

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@coldnmn wrote:

If it reports on the 30th then that would be the earliest. For prime lenders that will still be considered a thin credit file in my opinion.

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Well since April, I have added 2 revolving accounts (Cap One Plat MC & Fingerhut/Webank) and another loan for a total of 4 accounts. So, does "thin file" refer to the age of the accounts?

Oh, and thanks for the reply! That's what I figured but wanted to make sure.

[coldnmn]

Yes age of the accounts. Credit is a journey not a race. Companies like Chase like to see at least a year of positive history before extending credit normally. 

[takeshi74]

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@Anonymous wrote:

As I understand, the line is arbitrarily set at 6 months before one can obtain a FICO credit score and get rid of the "thin file" stigma.

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That is incorrect.  Thin files can be much older than 6 months.  6 months of history is just the minimum to obtain a score.  That's it.