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Adding Amex

Regular Contributor

Adding Amex

Will my new Amex with 7 years history improve my score? Anyone have a guess how much?
The hardest part is waiting!! I'm an instant gratification girl!!!
06/24/2008: TU 708, EQ 705, EX 712
06/09/2008: TU 699, EQ 688, EX 712
Message 1 of 6
5 REPLIES
Moderator Emerita

Re: Adding Amex

What's your current oldest age, and what's your average age? And do you have baddies that need "diluting" with good credit lines?
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Message 2 of 6
Regular Contributor

Re: Adding Amex

Open CCA: In order of most recently opened
Amex-$9,000 limit-opened 6/08 (retaining the 7 years history)
Discover More-$1,500 limit-opened 6/08
HSBC/Best Buy-$500 limit-opened 12/07
Cap1-$500 limit- opened 01/07
OB Visa-$400 limit- opened 01/07
OB MC-$800 limit- opened 01/07
*all are at 5% utility or less
*combined the 2 OB CC's(not reported yet)

Closed CCA:
Direct Rewards Discover-$900 limit-opened 05/08
AmEx- $1,100-AU for 2mo in 11/01-12/01-closed PIF
First Premier-$300 limit- opened 11/05-closed 06/06 PIF

Student Loan:
Wells Fargo SL-$5,000- opened 09/04

Installment Account:
Star Furniture-$1,500-opened 02/05-closed 02/06, PIF

Auto Loans:
Cap1 Auto Fin-opened 10/07
HSBC Auto Fin-opened03/05

Only bad or late is the 7 year old collection mentioned above and 90 day late on student loan.

Oldest Account: 7 yrs, 3mo.
Avg Age: 2 yrs


Message Edited by ferferhess on 06-24-2008 10:44 PM
The hardest part is waiting!! I'm an instant gratification girl!!!
06/24/2008: TU 708, EQ 705, EX 712
06/09/2008: TU 699, EQ 688, EX 712
Message 3 of 6
Regular Contributor

Re: Adding Amex

bump
The hardest part is waiting!! I'm an instant gratification girl!!!
06/24/2008: TU 708, EQ 705, EX 712
06/09/2008: TU 699, EQ 688, EX 712
Message 4 of 6
Valued Contributor

Re: Adding Amex

With that many accounts showing history, and most of it being recent.  Combined with the fact that you have an account that's at least 7 years old, I wouldn't count on it affecting your score too much.

Starting Score: EQ: 665 - TU: 687
Current Score: EQ: 749 - TU: ---
Goal Score: EQ: 760 - TU: 760


Take the FICO Fitness Challenge
Message 5 of 6
Highlighted
Regular Contributor

Re: Adding Amex

bump
The hardest part is waiting!! I'm an instant gratification girl!!!
06/24/2008: TU 708, EQ 705, EX 712
06/09/2008: TU 699, EQ 688, EX 712
Message 6 of 6