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Impact on credit score after opening Secured Card

Frequent Contributor

Re: Impact on credit score after opening Secured Card

Though I must say since I opened the US bank secured, my scores in Trans Union and Experian have both dropped about 50 points (from 620 to 570). I'm assuming because of the average age of accounts. I'm fine with the drop, just hope to see a fast recovery as that was a little painful.

 


Me too! I am not sure how much lower mine can go LOL. We shall see... I guess I'll update what happens!


Goal Score: 700