Do I have to leave the first credit account open? Is there any year limit that is considered to compute the scores? I mean what is the maximum no. of years that FICO considers about the clause "Length of credit history"?
You
should have a minimum 6 months of credit history on at least one credit
card. If you have a credit card for only 3 months, then it wouldn't help
you generate credit score. It doesn't matter how much responsible you
are with regards to credit card payments.
You
need to have 6 months of credit history in one credit card. Less than 6
months credit card will not generate any history. So, to get a score,
you need to manage it properly at least for 6 months.
Minimum 6 months!! You need to use a credit card
properly, make on time payments, and do not take out any cash advances.
IT may cause you credit card debt (most of the
time!!!)
Sub: #1 posted on Tue, 04/02/2019 - 21:37
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Sub: #2 posted on Fri, 04/05/2019 - 05:47
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Sub: #3 posted on Mon, 04/08/2019 - 22:39
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