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Confirmed this time for sure. ...this age old question; account aging to 1 year?

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Anonymous
Not applicable

Re: Anyone know for sure the affect of newest account aging to 1 year yet?

Great news everyone. My girlfriend's CR has an account 11.5 months old, 1% UTL. Keeping all the same we're going to be watching it very closely over the next 30-45 days. Smiley Happy An answer finally. There is no other activity on her report. A very isolated test. Perfect! Stay tuned.
Message 11 of 57
haulingthescoreup
Moderator Emerita

Re: Anyone know for sure the affect of newest account aging to 1 year yet?

Depending on where she's starting from, I say 6-8 points on August 1 and another 2-3 points on the actual date that the inq hit.

If she's in the 700's with otherwise stable reports, those numbers could easily be doubled, if not more. Tripled or quadrupled if she's up there with you!
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Message 12 of 57
Anonymous
Not applicable

Re: Anyone know for sure the affect of newest account aging to 1 year yet?

Her CR mirrors mine somewhat. I've been educating her for the past few years. She gets hit -10 per inq same as me. Should be a good test.

She's so funny. She says to me tonight. It's not really that hard, just pay your bills on time and there ya go. lol. She doesn't realize how work it took me to lean the information to help her. Smiley Wink She uses the same system I use to pay and track bills. We even have the same due dates on everything and mostly the same accounts. Smiley Happy
Message 13 of 57
Anonymous
Not applicable

Re: Anyone know for sure the affect of newest account aging to 1 year yet?

I also noticed she is not red flagged for new accounts. Not sure what that means. Accounts are younger than 12 months. We'll find out.
Message 14 of 57
MidnightVoice
Super Contributor

Re: Anyone know for sure the affect of newest account aging to 1 year yet?



ilovepizza wrote:
She's so funny. She says to me tonight. It's not really that hard, just pay your bills on time and there ya go
That is not funny, it is true!  Fiscal responsibility, living within one's means and time.
 
If more people understood that and did it for a few years....................
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Message 15 of 57
BGMWPD320
Regular Contributor

Re: I will have an answer to this age old question next month; account aging to 1 year?

Are there any benefits for an account turning 2?
Message 16 of 57
Anonymous
Not applicable

Re: I will have an answer to this age old question next month; account aging to 1 year?

Nope- only if your avg age or longest opened age increases.

BGMWPD320 wrote:
Are there any benefits for an account turning 2?



Message 17 of 57
Anonymous
Not applicable

Re: I will have an answer to this age old question next month; account aging to 1 year?

Inq is now 1 year old. Accounts turns 1 year in 2 more weeks. Waiting for score update reflecting inq now. Smiley Happy
Message 18 of 57
Anonymous
Not applicable

Re: I will have an answer to this age old question next month; account aging to 1 year?

She gained +10 points for inq turning 1 year old. All thats left is the account aging 1 year old now. Smiley Happy
Message 19 of 57
GFer
Valued Contributor

Re: I will have an answer to this age old question next month; account aging to 1 year?

Funny you should post this today; I was looking to see if you had gotten the 'results' yet! LOL
Can't wait to see what she gains by the anniversary!
Thanks for sharing.


EQ 817, EX 815, TU 813 (Updated 1/5/18: TU 843

Take the myFICO Fitness Challenge
Message 20 of 57
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