Frequent Contributor
Posts: 440
Registered: ‎08-08-2007

TU: Amount of New Credit

[ Edited ]
15 days ago, my TU report stated:
Amount of New Credit: Bad
Today it has been upgraded to: Good
The new credit I recently received was a Citicard in late Oct/Nov and a BOA card acquired in Dec
For me, it looks like the new credit "ding" lessens after 3-4 months, but nothing's etched in stone. Knowing TU, it will probably revert back to bad next month.
Interestingly enough, even though I received a CLI on my Citicard and the category for new credit improved to Good from Bad, I lost 10 points!!
Again, it looks like a new $4.00 balance on my WaMu card is affecting me negatively....too many accounts with balances.

Message Edited by ficonovice on 03-12-2008 10:56 AM
Rust never sleeps and neither does my fico score...