new accounts opened

[Anonymous]

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?

[MidnightVoice]

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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?

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

[Anonymous]

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?

[MidnightVoice]

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

[Anonymous]

thanks!

[Anonymous]

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?