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Score boost at 5 year mark?

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Twix
Valued Member

Score boost at 5 year mark?

I am wondering - do you get a score boost when your credit gets 5 years old?

 

I don't mean just one tradeline, or your average account age.

 

Just say your OLDEST account on your reports turns 5 years old.  Do you get a boost for having 5 years of history?

Message 1 of 4
3 REPLIES 3
haulingthescoreup
Moderator Emerita

Re: Score boost at 5 year mark?

There does seem to be a new score bucket that begins at either 5 or 6 years. Whether your scores go up or down would depend on what else is going on with your reports.
* 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 2 of 4
PayingTheBills
Frequent Contributor

Re: Score boost at 5 year mark?

My BoA CC will hit 5 years soon, assuming BoA is still around come May 20th. Smiley Sad

Starting Score: 540 EQ 517 TU on 11/17/08
Current Score: 668 EQ 726 TU
Goal Score: 760 EQ 760 TU


My Credit Repair Journal
Message 3 of 4
haulingthescoreup
Moderator Emerita

Re: Score boost at 5 year mark?


PayingTheBills wrote:
My BoA CC will hit 5 years soon, assuming BoA is still around come May 20th. Smiley Sad

Hey, they had a great day today on the market. (Pulled Chase and Citi up with it.)

Let's hope that it continues. Not that I'm enamored of any of these folks, but I'd like to see some twitches of recovery going on.
* 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 4 of 4
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