Too New to Rate!

Discussion in 'Credit Talk' started by Hal, Aug 30, 2001.

  1. Hal

    Hal Well-Known Member

    I have an Auto Loan (Chrysler Financial) and Cap One Visa - both opened 5/01 - 3 payments made on both, more than minimums. My reports show the balances decreasing but also state "Account to new to rate".

    How long will the too new to rate be reflected? Is this affecting my score in any way?

    Thanks for your input.
  2. cherie

    cherie Well-Known Member

    6 months probably
  3. breeze

    breeze Well-Known Member

    Any day now. It should change to "pays on time" or "paid as agreed."

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