Fico XD/Updated with additional questions

[iv]

---

@Anonymous wrote:

When I signed into my discover card account this evening I had a window pop up asking if I wanted to see my new scores. Discover is now giving me a Fico 8 TU score. I wasn't expecting a fico score for a few more months. I've only had active credit accounts since Sept of this year.
So, I log into credit karma to look at my accounts ( I know not to depend on the scores) and I see I have an account listed for an account I checked into several years ago but never used which hasn't updated since Sept of 2016. It's listed as current and in good standing. This company is no longer in business. Could this account be the reason I got a Fico score so quickly?

---

Yes.

If you had no credit data at all prior to Sept 2018, you would have had to wait six months to generate a score.

But since you had an existing account older than six months still listed (but not being actively updated), the moment your new account(s) started reporting, you had both of the minimum requirements to generate a score.  (An account older than six months, and an account that has reported within the last six months. They don't need to be the same account.)

---

@Anonymous wrote:

Also this greatly increases my oldest age of accounts so I'm guessing that once I generate Fico scores with the other bureaus if this account isn't listed that it will make a large impact on my scores?

---

"Large impact"? Well... probably not, no.  A single account from Sept 2016 and one (or more?) accounts from Sept 2018 doesn't result in a very high AAoA, and the effect of a 2-year AoOA is likely swamped by having brand-new accounts reporting.

If this 2-year-old account is only on 1 or 2 CRAs, there may be a small difference from it's absence on the others, but I wouldn't expect it to be major.  It's certainly a good thing to have reporting, though.

Since you are already checking your EQ and TU reports with CreditKarma, you should also sign up with Experian directly to check your EX report (and get a free monthly EX FICO 8 in the process):

https://www.experian.com/consumer-products/credit-score.html

[Anonymous]

Thank you @iv for your lengthy answers to my questions.
This older account only shows on TU so I guess I'll have to wait for my other Fico scores.
I do have an account with Experian which tells me they don't have enough information to give me a score which is why I was shocked that I had one with TU but I completely understand now. I was originally with the understanding that it had to be an active account to count.

As a side note, with so many people discussing the differences in Fako VS Fico score, I am delighted to say that in my case they are no where close to being accurate. CK has my TU at 653 but my true Fico score is 751..... Almost a 100 point difference!!!!!