7 Accounts Turning One Year Old

[fishbjc]

by March 2009.  What difference, if any, will this have on my scores?

[haulingthescoreup]

Will you still have any accounts left that will still be under 12 months?

If so, you'll get some help for these turning a year old. But if you won't have any accounts less than a year old, you'll get a better jump, because you won't have any "seeking credit"/ "new accounts" ding.

[fishbjc]

Yes HTSU...NFCU...two of them.

[RobertEG]

IMHO, the result will be very minimal. 
Without knowing the length of all your other accounts, having 7 accounts just reachng one year old probably means your avg length of all accounts is well below average of around 7-8 years.

Length of credit history is only 15% of FICO, and is not limited just to avg. age of accounts.  Date of oldest account is also weighed a factor in this minimal 15% category.  What may help your FICO score more is the fact that the inquiries that led to these multiple accounts may drop from scoring at one year, but I dont think the one year maturization itself will show any meaningful results.

[marty56]

My Visa card turned 1 year old today.  I also have a new autoloan (June) as the only new credit I have this year.  My EQ score did not change but the comment on new credit when from Not Good to Good.