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Valued Contributor
nyccc2
Posts: 1,195
Registered: ‎12-13-2007
0

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)
Senior Contributor
Sylviatob
Posts: 4,596
Registered: ‎09-14-2007
0

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.
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