Score jump?

[TC1223]

Hi, I just received a score watch alert today and it jumped up 35 points. I opened up a fingerhut acct and a secured card from bofa. My question is, since its only been about a week, does it really make that big of a jump? I was only anticipating a few points, but 35? Will it keep increasing by that much, if I make payments on time?

[JamesKnox]

Well....

No it won't increase like that each time you make a payment but overtime yes your score will continue to increase as you make on time payments.

I don't know what your UTIL is right now, nor what other lines of credit you have but if you keep your UTIL right around 10% or under...pay the card IN FULL monthly, you will certainly see a steady increase.

[guiness56]

Did both of the accounts report already?  If they did, yes, it is possible to see that big of a jump.

No, it will not keeping increasing with on time payments.  You don't get credit for ontime payments but you will get dinged for not making them.

[burghpa]

---

@guiness56 wrote:

No, it will not keeping increasing with on time payments.  You don't get credit for ontime payments but you will get dinged for not making them.

---

That makes sense from my experience.  i saw  a huge increase when I paid off old balances  (reducing util to 5%) and  also when I acquired my CreditOne card  (since all older accounts are in negatives and closed) .

Since then I never missed a single payment,that didn't give me any extra points. But as time goes, the newly acquired CC will age, and your AAOA will give a boost I am hoping.

[guiness56]

---

@burghpa wrote:

---

@guiness56 wrote:

No, it will not keeping increasing with on time payments.  You don't get credit for ontime payments but you will get dinged for not making them.

---

That makes sense from my experience.  i saw  a huge increase when I paid off old balances  (reducing util to 5%) and  also when I acquired my CreditOne card  (since all older accounts are in negatives and closed) .

Since then I never missed a single payment,that didn't give me any extra points. But as time goes, the newly acquired CC will age, and your AAOA will give a boost I am hoping.

---

Yes, as they age to different points you will see increases.