[color=35007]Hi friends, I was wondering how long I have to wait until Eq lists two of my accounts as R1. Chevron - opened 6/02 and Target Visa- opened 8/02. They are both listed as "too new to rate" As these two accounts are upgraded to R1 can I expect a score increase? soundn like a newbie![/color]
The same thing happened to me. My BofA account started reporting 8/02 as too new to rate. I charged $40 on it and let it revolve for 2 monts. When it updated it changed from R0 to R1 but I did not get a score increase. I'm stuck at 703 on equifax. Not sure on the other 2.
It's up to the creditor as far I know. I opened a CC through household and the very first month it was reported as pays as agreed.
My new car loan took 3 months to change from R0 to R1. My capital one took only one month. Hope that helps.
I have a lot of student loans that have been consolidated. Most of them show balance $0 and TOO NEW TO RATE status. Is there any way to get these updated to PAID AS AGREED since they are paid?
If I want to try to get the consolidated student loans updated to Paid, instead of too new to rate, should I do it through CRA or OC? I don't know if I would risk the account being deleted if I went through CRA.
