How long does your credit history have to be to obtain a loan?

2 Replies

Originally posted by @Aldrich De Jongh :

Hello I recently just started building credit, how long until a can obtain a loan from the bank ?

Min 12 month ratings from 3 tradelines but some loans will want to see 24 mos, commonly expressed as 0X30X24 meaning no 30 day lates within a 24 month period. If you see that they will want to look at 2 years worth of history.

It all varies if you're asking for conventional lending, local bank lending, portfolio loans, or etc.

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