10-10-2008 09:30 AM
I got a secured card in August from my bank Wells Fargo and havent pulled my credit since they have reported it. I have made two payments so far on time and wonder how much of point jump people have seen after only a month. Thanks!
10-10-2008 09:38 AM
If this is your first, second, or even third reporting CC, then you likely would have seen an increase already, effective the day it reported. If this is your 4th card onward, then you'd likely see a decrease, but would also see a gradual bump over the next 4 or so months. You may also have score changes, up or down, based on utilization and usage.
For cards 4-10, for myself, I have seen about a 20-25 point drop per CC, with about 90% of those points returning after 4-6 months.
10-10-2008 09:41 AM
10-10-2008 10:15 AM
So as long as you kept your balance reporting low, and nothing else happened, then you should see a decent increase right now.
You may benefit by adding one more CC: a store charge card.
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