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Frequent Contributor
astritaho1979
Posts: 451
Registered: ‎10-02-2011
0

When the fico will return after to many new accounts in the last 3 months

I was wondering what is the opinion in here about me opening to many accounts back in october.Just wondering when will the score will go up again taking in to considiration that the new accounts will age Score at transunion was 729 fico back in october 2012 now it stalling at 708 fico.


COMMERCE BANK PLATINIUM VISA 20K*PAYPAL MC $9.5K*CITI FORWARD $8.5K*PENFED $6,5K*
*LOWES $6K *CMN BANK $5.2K-*PNC $5K*SCLUB DISC. $5K*
WMART DISC.4K*CMN BANK 3.75K*BANK OF AMERICA $3K* MACYS $2.2K*
JCP $1.8*TARGET $0.7K* UTL1%- AAOA 5.5- TOTAL 12 yrs History/
Transunion 718 Equifax 733- Experian 736
Valued Contributor
daybreakgonesXe
Posts: 1,872
Registered: ‎11-17-2012
0

Re: When the fico will return after to many new accounts in the last 3 months

6 months after the inquiries, you will likely see your score going up again since the impact will be less at that 6 month mark!
Capital One Quicksilver World Mastercard $10k | JCPenney Platinum $7.5k | Shell Drive for Five $800 | Chase Freedom Visa Signature $9.8k | TD Bank Easy Rewards Visa Signature $5k | Chase Sapphire Visa Signature $10k | American Express Blue Sky $25k | Discover IT $9.5k | SavingStar American Express $14.8k

FICOS: EX 759 EQ 719 TU 740 Credit Karma (TU) 790 Transrisk 820/990 Credit Sesame (EX) 766 Credit.com (EX) 774 VantageScore 3.0 726 Quizzle (EQ) 721
Frequent Contributor
astritaho1979
Posts: 451
Registered: ‎10-02-2011
0

Re: When the fico will return after to many new accounts in the last 3 months


daybreakgonesXe wrote:
6 months after the inquiries, you will likely see your score going up again since the impact will be less at that 6 month mark!

kool thanks for the info


COMMERCE BANK PLATINIUM VISA 20K*PAYPAL MC $9.5K*CITI FORWARD $8.5K*PENFED $6,5K*
*LOWES $6K *CMN BANK $5.2K-*PNC $5K*SCLUB DISC. $5K*
WMART DISC.4K*CMN BANK 3.75K*BANK OF AMERICA $3K* MACYS $2.2K*
JCP $1.8*TARGET $0.7K* UTL1%- AAOA 5.5- TOTAL 12 yrs History/
Transunion 718 Equifax 733- Experian 736
Established Member
BellaBuckie
Posts: 37
Registered: ‎01-16-2013
0

Re: When the fico will return after to many new accounts in the last 3 months

Thank-you too!!!




Staying in the garden.. at least till Dec 2013 ?
EQ/myfico/689,
TU/CK 687,Walmart 712
EX/CS 739
Valued Contributor
nicholasyud
Posts: 1,737
Registered: ‎08-13-2012
0

Re: When the fico will return after to many new accounts in the last 3 months

Wow its take that long......

Seem like its easy to drop than gain in my case......


Starting Score: 560
Current Score: 748 Wishlist: CSP, Simply Cash, SPG, BOLD, INK, United MP,
Goal Score: 800


Walmart: 10k |Usaa: 8k|BCE: 13k| Amex: NSPL|Dis: 9.4k|Cap: 5.5k|CAP: 2k|CSP: 13.4k| Pen:4.5k

Valued Contributor
Duncanrr
Posts: 2,857
Registered: ‎06-08-2012
0

Re: When the fico will return after to many new accounts in the last 3 months

You can start to see gains in 3 months.  It really depends on you credit report.   Thinks like AAoA, payment history and UTIL all come into play.

 

For example: in about 45 days from when you app your new card should start reporting.  Depending on your UTIL you may get a bump from the new CL reporting.  On the opposition end, depending on where your AAoA is when it starts to report you may get dinged again.  Another example, if you have a history of poor payments then 3 months of another account with on-time payments may give you a bump.

 

Its really impossible to predict.  6 months and you should see some gains (all things being equal).



Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 710 TU 727 EX 704 CK 719(FAKO-EX 697, EQ 697, TU 697)
Goal Score: 750

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Valued Contributor
chnceit
Posts: 1,524
Registered: ‎08-17-2008
0

Re: When the fico will return after to many new accounts in the last 3 months

Scores play a part on approval, but what's in your report is really going to get you higher CL's. 

 

But if you are eyeing scores after inquiries and approvals then 6 months definitely. 


$100K in Credit
Last Credit Card App: 11/16/13
Valued Contributor
beb86
Posts: 1,115
Registered: ‎10-31-2011
0

Re: When the fico will return after to many new accounts in the last 3 months


astritaho1979 wrote:

I was wondering what is the opinion in here about me opening to many accounts back in october.Just wondering when will the score will go up again taking in to considiration that the new accounts will age Score at transunion was 729 fico back in october 2012 now it stalling at 708 fico.


Keen UTIL low and keep apps to a min and you should see your score shoot up (and maybe have a chance with Citi) haha... Best of luck to you though.

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Frequent Contributor
astritaho1979
Posts: 451
Registered: ‎10-02-2011
0

Re: When the fico will return after to many new accounts in the last 3 months

[ Edited ]

beb86 wrote:

astritaho1979 wrote:

I was wondering what is the opinion in here about me opening to many accounts back in october.Just wondering when will the score will go up again taking in to considiration that the new accounts will age Score at transunion was 729 fico back in october 2012 now it stalling at 708 fico.


Keen UTIL low and keep apps to a min and you should see your score shoot up (and maybe have a chance with Citi) haha... Best of luck to you though.


why not citi too right?lol

COMMERCE BANK PLATINIUM VISA 20K*PAYPAL MC $9.5K*CITI FORWARD $8.5K*PENFED $6,5K*
*LOWES $6K *CMN BANK $5.2K-*PNC $5K*SCLUB DISC. $5K*
WMART DISC.4K*CMN BANK 3.75K*BANK OF AMERICA $3K* MACYS $2.2K*
JCP $1.8*TARGET $0.7K* UTL1%- AAOA 5.5- TOTAL 12 yrs History/
Transunion 718 Equifax 733- Experian 736

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