How much does having a short...

Discussion in 'Credit Talk' started by ccdscott, Aug 21, 2003.

  1. ccdscott

    ccdscott Active Member

    ...history hurt you? Really?

    I see all the "vets" on the board with probably 20 years of history, and getting "elite" cards like Amex, Chase, BofA, look like they are easier to get than us "younguns".

    I want to apply for at least one of those "elite" cards when I'm finshed cleaning up my credit soon, and was wondering if my short history (five years) would hurt. I guess my point is, how can you have a high FICO when you're young? And how do creditors (like the elite companies) view short histories?

    Interested in hearing from the "vets". Thanks.
     
  2. GEORGE

    GEORGE Well-Known Member

    NOT ALWAYS...

    7+ YEARS NO CLI MBNA
    HAD TO DO BDD TO GET CITIBANK
    4 YEARS NOTHING FROM AMEX
    DENIED I DON'T KNOW HOW MANY "PRE-APPROVED" ACCOUNTS
    25+ YEARS

    UYGF

    "SOME" under 5 years have had BETTER luck than I have!!!
     
  3. ccdscott

    ccdscott Active Member

    Thanks George. Well, if too little history is considered negative, how can a young person "get" a great score?

    Hmmm...
     
  4. jlynn

    jlynn Well-Known Member

    Re: Re: How much does having a short...

    If your parents have good credit, have them add you as an AU (authorized user) on one of their older cards. Make sure they report. ex - I know JC Penneys does.

    You will get the benefit of their entire history. Oh yea, and tell Dad you don't have to have a card or even know the number :)
     

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