09-08-2013 07:02 PM
thanks for your swift reply!
ahh okay dokie. guess I'll have to wait a year and see bahh
09-08-2013 07:09 PM
Pay attention to when AAoA crosses year marks as that gets you boosts.
1 year mark on inquiries really lessens their impact on score.
The new account hit is usually pretty much gone by 6 months and majority by 3 months.
09-08-2013 08:54 PM
09-08-2013 09:58 PM
It all depends on the size and contents of your CR's
I have seen 3 different reactions
1) scores decreased dramatically -21 and it took 4
2) scores increased +9 (2 card app) December 2012
3) scores only suffered minor decrease and took 2 month to recover -8 points (4 card app) June 2013
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). 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.