Share post
Share
Debt Consolidation Forums Credit Repair, Credit Score and Credit Report forums

How long is the length of the credit history that the scores consider?

Date: Sun, 03/31/2019 22:44
member profile picture
Posts: 1
Credits: 0
[Donate]

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.

Sub: #1 posted on Tue, 04/02/2019 - 21:37

David Martin David Martin

(Posts: 394 | Credits: )

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.

Sub: #2 posted on Fri, 04/05/2019 - 05:47

Sanders Patricia Sanders Patricia

(Posts: 1234 | Credits: )

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: #3 posted on Mon, 04/08/2019 - 22:39

Barbara Delinsky Barbara Delinsky

(Posts: 432 | Credits: )


DebtConsolidationCare (IAPDA member)
BBB (A+) logo for DebtCC
Connect With Us
About Us | Contact Us | Privacy Policy
Copyright © 2020 DebtConsolidationCare | 301 W. 11th Street Unit E, Reno, NV, 89503, United States
* Disclosures:
  1. By signing up a debt counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
  2. Some creditors and collection agencies refuse to lower the payoff amount, interest rate, and fees owed by the consumer.
  3. Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
  4. Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
  5. The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.
Page loaded in 0.894 seconds.