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Frequent Contributor
Posts: 426
Registered: ‎02-06-2009
0

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.



07/28/2016 - EX 806 (Credit Scorecard EX FICO® Score 8, range 300-850)
07/20/2016 - TU 815 (Discover TU FICO® Score 8, range 300-850)
07/26/2016 - EQ 816 (Citi EQ FICO® Bankcard Score 8, range 250-900)
GOAL - 800! - App free since 12/13/2015
Moderator Emeritus
Posts: 32,865
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: 909
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: 426
Registered: ‎02-06-2009
0

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.



07/28/2016 - EX 806 (Credit Scorecard EX FICO® Score 8, range 300-850)
07/20/2016 - TU 815 (Discover TU FICO® Score 8, range 300-850)
07/26/2016 - EQ 816 (Citi EQ FICO® Bankcard Score 8, range 250-900)
GOAL - 800! - App free since 12/13/2015

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