http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Good-news-and-bad-news-I-think/m-p/1633320#M211427 <p>Good afternoon!  I hope someone can shed a little light on this.  On Friday I applied (with fear of rejection) for a Kay Jewelers credit card.  Thinking that they were going to deny me...they actually approved me for $5,600!!!!  I was so excited!  All I could think of is the drop in my CU % therefore bettering my credit scores that I have been working on!</p><p> </p><p>However, on Saturday I was notified by MyFICO that because of the inquiry my score took a 7 point hit!   Am I going to see a jump in my score due to the increased credit line?  and if so...when?</p><p> </p><p>Thank you in advance!!</p> Tue, 09 Oct 2012 16:24:50 GMT iwillacheive 2012-10-09T16:24:50Z http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Good-news-and-bad-news-I-think/m-p/1633320#M211427 <p>Good afternoon!  I hope someone can shed a little light on this.  On Friday I applied (with fear of rejection) for a Kay Jewelers credit card.  Thinking that they were going to deny me...they actually approved me for $5,600!!!!  I was so excited!  All I could think of is the drop in my CU % therefore bettering my credit scores that I have been working on!</p><p> </p><p>However, on Saturday I was notified by MyFICO that because of the inquiry my score took a 7 point hit!   Am I going to see a jump in my score due to the increased credit line?  and if so...when?</p><p> </p><p>Thank you in advance!!</p> Tue, 09 Oct 2012 16:24:50 GMT http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Good-news-and-bad-news-I-think/m-p/1633320#M211427 iwillacheive 2012-10-09T16:24:50Z http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Good-news-and-bad-news-I-think/m-p/1633332#M211431 <p><strong>I've read that the scores take the initial hit due to the new TL, but recover with the use and payments on the TL. </strong></p> Tue, 09 Oct 2012 16:27:46 GMT http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Good-news-and-bad-news-I-think/m-p/1633332#M211431 S7 2012-10-09T16:27:46Z http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Good-news-and-bad-news-I-think/m-p/1633416#M211441 <p>That bit of a drop is nothing, just got dinged for a HP and AAoA.   That'll pass soon.  Nice CL!</p> Tue, 09 Oct 2012 16:49:05 GMT http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Good-news-and-bad-news-I-think/m-p/1633416#M211441 Shogun 2012-10-09T16:49:05Z http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Good-news-and-bad-news-I-think/m-p/1633468#M211456 <p>WHEW!!!  Thank you for your answers!!!  I get a bit freaky over it....I knew it was a good thing!!!  :-)</p> Tue, 09 Oct 2012 17:06:42 GMT http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Good-news-and-bad-news-I-think/m-p/1633468#M211456 iwillacheive 2012-10-09T17:06:42Z http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Good-news-and-bad-news-I-think/m-p/1633534#M211459 Yea a small drop like that is nothing compare to what you can gain back from utilizing your new tl. Tue, 09 Oct 2012 17:39:32 GMT http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Good-news-and-bad-news-I-think/m-p/1633534#M211459 Tran92 2012-10-09T17:39:32Z