how long a credit history has to be for FICO score

[Anonymous]

Hello

I have 2 accounts, the credit reports shows the age of every of them is 4 months. How many months should it be for being able to generate FICO score

Regards 

[cobaltnv]

You need 6 months of history to have a credit score.

[Anonymous]

What would be your estimation for the FICO score after first 6m of history given that there  are no any other kinds of credits, only 2 credit cards, one of them is secured one. No late payments, always paid in full before due date. Utilization is around 20%-25%

Message Edited by test34 on 08-11-2009 09:15 AM

[Anonymous]

At that utilization and assuming no late payment, your 6 month score should be between 660 and 720.

[Anonymous]

FICO Score Estimator

Your FICO® scores are
estimated to be between: 700-750

[RobertEG]

Once you hit six months, you will get a FICO score.  But you will be in a very low scoring bucket, with a thin credit file (only 2 TLs, with no insatllment loans) and a very short credit history.

The FICO simulator does not give you refined predictions that take into account which of the dozen buckets you are in, so with a thin file and short credit history, I would guestimate the your score will come in at well under 700.

You are building credit, and the key thing is to always pay on time, let your accounts age, and keep util low.

Your credit score only has any meaning when you are ready to apply for new credit.

Are you in the market for new credit now?

[Anonymous]

I'd want to apply for auto loan in some near future, but not before I've relatively good score.

[Anonymous]

With two cards, 6 months of history and balance on one card of 8% and zero on the other my EQ score was 634 and my TU was 640

[Anonymous]

what would the good next steps to improve the score after that?

open more CC accounts?