04-25-2013 08:54 PM
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?
04-26-2013 02:11 PM
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.
04-27-2013 07:01 AM
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.