10-08-2012 05:45 AM
I got a new Macy's card recently and it just started showing on my CR. My TU score dropped 6 points. How long does it take to bounce back up?
10-08-2012 07:04 AM
It should recover after the next cycle. 6 points is for the new tradeline being opened. Don't even sweat it.
10-08-2012 07:34 AM
Good to know! Thank you.
10-08-2012 09:02 AM
IME the recovery time has been 3-6 months.
10-08-2012 10:02 AM
namvet wrote:IME the recovery time has been 3-6 months.
Within 6 months it will have made up for that drop, and be adding more points to it.
Starting Score: 504
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.
>> About myFICO


