01-18-2013 10:53 AM
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
01-18-2013 10:56 AM
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.
01-18-2013 12:12 PM
Thanks for replying! Im working on it and I hoping to get past a 620 in the next 2-3 months.