Ok I am new to the board but have been reading and taking steps to improve on my credit for almost 2 months now. I started off with a low credit score of 533 and now im at 578 in one month. Ive paid off a couple of collections and had them delete. My question is why was it only a 3 point increase? I will say that it shows N/A in the balance and N/A in the limit. Not sure why.....but could that be why its only 3 points. When I got the premier cc I received a 22 point increase so I was expecting the same thing. Can someone please help me figure this out....THANK YOU in Advance
It's a new account and that's why it says N/A. There's no data to put there yet. Also you got hit with an Inq. and your AAoA took a hit from the new account, so an increase in this situation, albeit small, is a good thing. You got your first bump for adding a revolving line and getting your mix of credit. Now if you garden these accounts, they will steadily grow and make your CR stronger.
Thanks for replying! Im working on it and I hoping to get past a 620 in the next 2-3 months.