No score

[Anonymous]

How long does it take to get credit score?  I'm trying to get information for someone who is new to the country who just got their social security number.  Thanks for any help!!

[Anonymous]

It takes 6 months of a tradeline reporting to the bureaus before a score can be generated. I recommend getting a secured card or trying for a macy's card (preferably both) and letting them report for 6 months. At that point someone can have a FICO score and it will be in the mid-600's to 680. After a bit more history most loans and unsecured cards would be real possibilities.

If they have ties to a foreign bank that has branches here I would recommend starting there. I would also recommend they join a credit union that they are eligible for. Once they have a score they should be able to get credit products.

[Anonymous]

what if you have 5 cards with 13k total limits 1 percent util . could you estimate my first fico score mine wont be old enough tilnov 08 crown 2500 palpal plus 1800 orchard 300 macys 300 usa shopping club 7.5k

[Anonymous]

Very rough guess - between 680 and 720. Maybe towards the 700+ end. You should be fine to get an auto loan but not at the best rate. A credit union may give you their upper tier though.

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louiep132 wrote:
what if you have 5 cards with 13k total limits 1 percent util . could you estimate my first fico score mine wont be old enough tilnov 08 crown 2500 palpal plus 1800 orchard 300 macys 300 usa shopping club 7.5k

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[Anonymous]

thank you very much for the answer . i hope your right on it my probelm is i have 5accts on tu 4 on ex and 3 on eq. how much difference will this make?

[Anonymous]

To add to this.......not only do you have to have at least one account that has been opened 6 months, it has to have been reported within the last 6 months as well, and be undisputed.

What are the Minimum Requirements for a FICO Score?

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debtisgood wrote:

It takes 6 months of a tradeline reporting to the bureaus before a score can be generated. I recommend getting a secured card or trying for a macy's card (preferably both) and letting them report for 6 months. At that point someone can have a FICO score and it will be in the mid-600's to 680. After a bit more history most loans and unsecured cards would be real possibilities.

If they have ties to a foreign bank that has branches here I would recommend starting there. I would also recommend they join a credit union that they are eligible for. Once they have a score they should be able to get credit products.

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[Anonymous]

thanks

[Anonymous]

Thanks.