A few months ago, I received a small personal loan ($2k) from a local credit union. They only report to the CRA's (actually, they only report to TU) every 3 months, so they just reported the loan for the first time a few days ago. However, on the report, it shows the date opened as 10/2008 and that it was last reported 11/2008 (how can something reported in Jan show a last reported date of Nov?). Only one month of payment history is showing.
How will this account be treated as far as account age is concerned? Will it look like a 1 month old account? Or will it look like 3 months old since the date opened date is correct? I know it sounds nitpicky since the score difference between 1 month and 3 month is little-to-none, but I am getting to that "every point counts" time now since I am going to attempt to buy a new house in the next 2-3 months. I opened quite a few new accounts (3 CC's and this personal loan) in Sept-Oct. when I get a big spike in my scores so that I could finally start re-establishing credit. I would like all of these accounts to be at least 6 months old prior to going for the mortgage. I have heard that the point hit you take when you open a new account typically comes back by the time the account is paid on time for about 6 months.
Starting Score: 469