Re: Amount of New Credit

lhcole77 · ‎12-12-2013

What is the time frame for this factor going from NOT GOOD to GOOD? My lastest account will be 6M old on 01/11/14.

Kratos-TM · ‎12-12-2013

The year mark is when it's no longer a negative.

Myfico scores.....
EX... 805 (11-10-13)
EQ... 810 (12-02-13)
TU... 810 (12-02-13)

lhcole77 · ‎12-12-2013

@Kratos-TM wrote:
The year mark is when it's no longer a negative.

Thanks for reply. Would a HP that results in a CLI but not a new TL be factored into this?

Anonymous · ‎12-12-2013

No.

lhcole77 · ‎12-12-2013

@Anonymous wrote:
No.

Interesting. So does FICO know how to account for which HP are for new TL and which are not? I ask because it says "Amount of credit you've recently obtained or applied for"

AndySoCal · ‎12-12-2013

Most likely the date opened of the account on the trade line. I doubt if the inquiry is used for that reason.

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Anonymous · ‎12-12-2013

@lhcole77 wrote:
@Anonymous wrote:
No.
Interesting. So does FICO know how to account for which HP are for new TL and which are not? I ask because it says "Amount of credit you've recently obtained or applied for"

I may have misunderstood your question.

Amount of New Credit

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Amount of New Credit