Reply
Established Member
Posts: 62
Registered: ‎01-11-2013
0

New Account Ding?

There's one new account I opened up, but there's no HP listed on the credit reports i get my FICO from.  (HP hit EX, apparently.)

 

What's the affect of a New Account my score, aside from lowering AAoA?  Given that I have 17 accounts open, this account didn't really budget my AAoA much.  Is "New Account Ding" reflective of anything except hit to AAoA?

Starting Score: 01/12/2013 EQ 683
Current Score (myFico): 5/8/13 TU 734, EQ 738 05/04/13 EX 722
Last App 05/3/2013 - Off to garden for the rest of the year!

Take the myFICO Fitness Challenge / myFICO Forums Common Abbreviations
Moderator Emeritus
Posts: 32,869
Registered: ‎08-04-2007
0

Re: New Account Ding?

With no other changes to my FICO report and zero impact to AAoA, I've lost as much as 20-25. And this was completely aside to mix of credit and impact to util, which should be taken into account too when figuring the impact.

Valued Contributor
Posts: 1,074
Registered: ‎02-06-2013
0

Re: New Account Ding?

    Besides AAoA a new account will affect your utilisation % if you have any balances on other cards. For example if you have a second card with a $1000 credit limit that has a $500 balance and you get a new account with a credit limit of $1000 then your util% will go from 50% to 25% and you may see your scores pop up a bit.

300/21001100/13001500/25001699/2000Prepaid ,,Recent scores:FICO EX 632,EQ 635,TU 632.. If youlike this could you please give me a kudo by clicking that blue button over to the left? Thanks.Link to my Rebuild Log
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.