-21 points for opening a new cards -11 and -19

[Chronometal]

I only had 2 credit cards

so i thought i would open more to cosolidate my debt. Currently at 50% util.

i've taken big hits on my fico. it dropped from 700 to 650 because of the new accounts .

is this because of AAOA? my oldest card is 13yrs and second card was 4yrs. other 3 accounts are new.

[Anonymous]

Yes, the new credit lowered your AAoA. It should recover rather quickly. Get your util below 10% will help as well.

[dursty87]

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@Anonymous wrote:

Yes, the new credit lowered your AAoA. It should recover rather quickly. Get your util below 10% will help as well.

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+1.  Dip will be short term and your scores should recover quickly.

[Chronometal]

tks. how long does it usually take to jump back up?

[kjel]

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@Chronometal wrote:

tks. how long does it usually take to jump back up?

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2-3 months.