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Frequent Contributor
Posts: 286
Registered: ‎06-19-2008
0

applied for new credit---score goes up 14 pts!

I was approved for a new macys card and hsbc card within the last month. Today I got an alert that my fico score was up 14 points. I thought my score would go down with new credit on my CR. Interesting.
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Starting Score: 472
Current Score: 628
Goal Score: 680


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Starting Score: EQ FICO 470 TU FICO 482 7/15/2011
Current Score: EX ?? /EQ FICO 628 / TU ??
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Established Contributor
Posts: 645
Registered: ‎10-24-2007
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Re: applied for new credit---score goes up 14 pts!

Just curious...what was your average age of accounts before apping?

 

 Congratulations on the new cards and on the new scores!

 

 

Frequent Contributor
Posts: 286
Registered: ‎06-19-2008
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Re: applied for new credit---score goes up 14 pts!

How do you calcualate that? Do I count all cards even if they have been closed?

 

Capitol One June 2003 closed

Orchard Bank 2005

Macys 2005 closed

Capitol One December 2007

Capitol One July 2008

Macys Feb 2009

Credit One 2009

-------------------------------------------------------------------------------------------------

Starting Score: 472
Current Score: 628
Goal Score: 680


Take the FICO Fitness Challenge





Starting Score: EQ FICO 470 TU FICO 482 7/15/2011
Current Score: EX ?? /EQ FICO 628 / TU ??
Goal Score: 680 across the board!

Navy Federal nRewards $500 cl
Capitol One Platinum (AU) $7500 cl
USAA Amex $250
Kay Jewelers $900
Moderator Emeritus
Posts: 7,970
Registered: ‎12-19-2007
0

Re: applied for new credit---score goes up 14 pts!

Yes, all accounts open or closed count, this means installment loans too. Do it in terms of months, then divide by 12 to state it in years. CAs and PRs don't count.
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Established Contributor
Posts: 645
Registered: ‎10-24-2007
0

Re: applied for new credit---score goes up 14 pts!

If you carry balances on your cards your scores would increase due to increased CLs reducing overall utilization.
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