JoElle59

2 Contributions 75 People Helped

Member Since: February 2012

Most Helpful Contribution

How long does it take to build a healthy credit score?

Feb 13, 2015
Helpful to 75 out of 84 people

As far as "length of time of credit"??? Two of my credit cards companies have closed the accounts and reopened with other banks. I've had credit for 10 years, but due to the credit cards (Best Buy and JJill) playing "musical banks/chairs", it has shortened the length of time that I have had this accounts. So, I keep my balances low, have 100% "paid on time" and my score is only 710. The only "Poor" act is the length of credit history, which isn't true. So, I'm at 4 yrs 7 months, when in reality it is 10 yrs. Now I have to wait for years for that to change with the passage of time??? Not fair!

Activity (2 Total Contributions)

How long does it take to build a healthy credit score?

Feb 13, 2015
Helpful to 75 out of 84 people

As far as "length of time of credit"??? Two of my credit cards companies have closed the accounts and reopened with other banks. I've had credit for 10 years, but due to the credit cards (Best Buy and JJill) playing "musical banks/chairs", it has shortened the length of time that I have had this accounts. So, I keep my balances low, have 100% "paid on time" and my score is only 710. The only "Poor" act is the length of credit history, which isn't true. So, I'm at 4 yrs 7 months, when in reality it is 10 yrs. Now I have to wait for years for that to change with the passage of time??? Not fair!

How can I see all three credit scores?

Dec 01, 2013

I don't agree. My store credit cards changed banks and CreditKarma figures my scores as if I closed and account and opened a new account, as well as shortened by credit history. My score just dropped fifty points in a year w/ 7% debt ratio, five years of credit, always pay off bill in full for small purchases, in a few months for large purchases, never late. My score is FAIR because of the closed/opened accts that I had nothing to do with. My friend is an exec in a credit company and said that REAL credit scores disregard closed/ opened accts when store cards change banks.