New TL Question

[rcolombe]

I have added a couple of new credit cards. I recently had zero revolving accouns and zero installments. They have posted to my report, and there was a jump in my score.

My question is, how much does it effect my score positively each month. I know it depends on a lot of variables, but from going from nothing to 2, how would it look?

[Pigeyex]

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@rcolombe wrote:

I have added a couple of new credit cards. I recently had zero revolving accouns and zero installments. They have posted to my report, and there was a jump in my score.

My question is, how much does it effect my score positively each month. I know it depends on a lot of variables, but from going from nothing to 2, how would it look?

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I'm confused; I thought you just said how it looked, as it's showing up already??

[rcolombe]

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@Pigeyex wrote:

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@rcolombe wrote:

I have added a couple of new credit cards. I recently had zero revolving accouns and zero installments. They have posted to my report, and there was a jump in my score.

My question is, how much does it effect my score positively each month. I know it depends on a lot of variables, but from going from nothing to 2, how would it look?

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I'm confused; I thought you just said how it looked, as it's showing up already??

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They are showing up on my report already. My question is, after showing a month of utilization and a month of paynebts, how much does a score generally change?

CC Util% will be kept at 20%

[guiness56]

If you have already received points for their reporting you don't get more monthly.

You are not rewarded for ontime payments as those are expected.  As the account ages your score will improve.

[guiness56]

As far as CC utilization, if it is your only CC, let it report at 9% or below each month.