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Frequent Contributor
Posts: 380
Registered: ‎02-06-2009
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New card reports, EQ score goes up?

On my EQ credit report, I have 2 bank cards and 1 store card reported as Open and 1 store card reported as Closed.

 

On 10/25/12, I applied and was approved for 2 bank cards.

On 10/27/12, Scorewatch alert tells me 1 new bank card was detected and my EQ score increased by 19.

 

I thought that was strange. I was expecting a dip due to shorter AAOA. I wonder what will happen when the 2nd bank card reports.


11/02/2012 Peak - EQ 790 (ScoreWatch EQ FICO)
01/06/2015 Current - TU 831 (Walmart MasterCard TU FICO 08 Classic)
GOAL - 800! - App free since 09/07/2014
Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
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Re: New card reports, EQ score goes up?

Increase was due to an improved mix of credit and/or improved util. 

 

You don't always lower your AAoA as seen by FICO when adding an account. AAoA can remain the same.

Established Contributor
Posts: 608
Registered: ‎08-30-2007
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Re: New card reports, EQ score goes up?


llecs wrote:

Increase was due to an improved mix of credit and/or improved util. 

 

You don't always lower your AAoA as seen by FICO when adding an account. AAoA can remain the same.


+1


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Frequent Contributor
Posts: 380
Registered: ‎02-06-2009
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Re: New card reports, EQ score goes up?

As mentioned, I app'd and was approved for 2 credit cards.

The 1st one resulted in EQ FICO +19.

Waiting to see the effect of the 2nd card reporting.


11/02/2012 Peak - EQ 790 (ScoreWatch EQ FICO)
01/06/2015 Current - TU 831 (Walmart MasterCard TU FICO 08 Classic)
GOAL - 800! - App free since 09/07/2014

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