cancel
Showing results for 
Search instead for 
Did you mean: 

Is an account scored differently once it hit the 6 month age?

Auto Loans for ANY Credit Situation. Immediate Response.
Advertiser disclosure
Highlighted
Regular Contributor

Is an account scored differently once it hit the 6 month age?

I have Macy's, JCP, Target, Capitol One and Walmart that I got back just before Christmas to get some positive TL''s and they are about to have 6 month birthdays. Will this put them in a different bucket?
 
I have had to CLI's on the cards. Macy's from 200 to 1000 and Capitop One from 500 to 1000
 
Thanks!
Message 1 of 6
5 REPLIES 5
Highlighted
Moderator Emeritus

Re: Is an account scored differently once it hit the 6 month age?

Nope, it's 12 months
Message 2 of 6
Highlighted
Regular Contributor

Re: Is an account scored differently once it hit the 6 month age?

Arg! well I am half way there! Smiley Happy
Message 3 of 6
Highlighted
Regular Contributor

Re: Is an account scored differently once it hit the 6 month age?

The CLI's you obtained however will improve your utilization numbers which may bump you a little. That is if you keep utilization low under 10% of available credit.
FICO TU 730 EQ 731 EX 706
Message 4 of 6
Regular Contributor

Re: Is an account scored differently once it hit the 6 month age?

Yes, I agree. I have been using 50-60% each month and then paying down to 3-5% util before they report. I don't know if that is good or bad but it seems to be working.
The cards like usage and the CRA like low util.

It seems to be a delicate balancing act.
Message 5 of 6
Highlighted
Valued Contributor

Re: Is an account scored differently once it hit the 6 month age?

nos............good post. You've hit the nail on the head.
 
I have 8 cards - I keep 5 of them at 0 balance and 3 of them at < 3%.. This works best for me.
New York Yankees - 2009 World Series Champions. 27... and counting.....
Message 6 of 6
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.