http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/New-credit-ding/m-p/1791254#M68254 <p>FWIW, I applied for 2 cards last July 30 and added some additional debt as well as lowered by utilization %.  My Equifax score went from 800 to 761.  It was only last week that my score started to come back up and even then it was 1 measly point.  :smileyhappy:  I expect it will take most of the year to bounce back.</p> Mon, 07 Jan 2013 01:08:33 GMT Roarmeister 2013-01-07T01:08:33Z http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/New-credit-ding/m-p/1785752#M68219 <p>I did some searching and found a few older threads with varying opnions on this one, but if memory serves, I think I remember a penalty of sorts negatively affecting one's Fico score for some time after opening a new account.</p><p> </p><p>As it's been about five months since I last opened an account, I'm hoping for a score bump sometime next month...</p><p> </p><p>Does that sound right?</p> Fri, 04 Jan 2013 18:51:24 GMT http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/New-credit-ding/m-p/1785752#M68219 tcbofade 2013-01-04T18:51:24Z http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/New-credit-ding/m-p/1789370#M68233 <p>Your ding on your score has to do with a few things. First of all it is a credit inquiry, having those will lower your score. Second, New accounts lower your account age average. Lastly If you carry a balance it could lower your score due to Credit Utilization. So to say it will come right back on a set time frame is hard to say. After I have opened accounts it has taken between 6 months to a year to come all the way back! My credit history is long so a new card doesn't afftect my credit age much. If you are new to credit then a new cc could cut your age in half. </p><p>My opinion  around 6 months you should start to see the increase again.</p><p>Hope that helps!</p><p>Good Luck</p> Sun, 06 Jan 2013 05:15:52 GMT http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/New-credit-ding/m-p/1789370#M68233 Homeowner13 2013-01-06T05:15:52Z http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/New-credit-ding/m-p/1789378#M68235 <p>+1  Typically you will see an initial ding, however it's necessary to develop new positive TLs that will allow your scores to grow.</p> Sun, 06 Jan 2013 05:20:15 GMT http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/New-credit-ding/m-p/1789378#M68235 Shogun 2013-01-06T05:20:15Z http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/New-credit-ding/m-p/1791254#M68254 <p>FWIW, I applied for 2 cards last July 30 and added some additional debt as well as lowered by utilization %.  My Equifax score went from 800 to 761.  It was only last week that my score started to come back up and even then it was 1 measly point.  :smileyhappy:  I expect it will take most of the year to bounce back.</p> Mon, 07 Jan 2013 01:08:33 GMT http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/New-credit-ding/m-p/1791254#M68254 Roarmeister 2013-01-07T01:08:33Z