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New Card = 10 Point Drop. Rebound imminent?

Valued Contributor

New Card = 10 Point Drop. Rebound imminent?

My TU just updated with my new HSBC card. One of the negs on my report was that I didn't have a lot of established accounts (on TU I only show a 10 year Citi and a 2 year Discover).

My score had already dropped about 15 points because my Tax Lien dropped, now I got hit with 10 points for new card.

Assuming I pay well for say 6 months, can I expect a significant rebound?
MyFico Scores (TU/Exp/Efx):

11/02/08 696 / 695/ 737- 5/4/08: 667 / 703 / 668 - 11/07 Low 500s All (Fako)
1 REPLY
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Senior Contributor

Re: New Card = 10 Point Drop. Rebound imminent?

nycc2, imo yes you can expect your scores to rise, as time goes by. For sure.

How much is anyone's guess, as YMMV.
"Never ever, ever be late. Never" (FUTR)