Reply
Valued Member
soccrstar
Posts: 46
Registered: ‎02-01-2009
0

Re: One year Mark for new accounts = credit score boost???

thanks for your swift reply!

 

ahh okay dokie. guess I'll have to wait a year and see bahh


EQ: 658 FICO / EX: 600 FICO / TU: 649 FICO / EQ: 637 USAA FAKO / EX: 637 USAA FAKO / TU: 700 USAA FAKO
Credit Karma: 590 / Credit Sesame 572
Positive Open Loan Tradelines: DCU (auto loan) $31000 / One Student Loan
24 Cards TOTAL = 9 Store cards / 4 Secured Card / 11 Credit Cards / Cards In Wallet - BoA Americard / NEWEST CARD - Blaze Mastercard
goal by 2015: UNDER 8000K in credit card debt
Valued Contributor
Crashem
Posts: 3,098
Registered: ‎01-26-2012
0

Re: One year Mark for new accounts = credit score boost???

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.

               LIMITS IN CARD DESCRIPTIONS
Frequent Contributor
koalablue
Posts: 339
Registered: ‎05-23-2012
0

Re: One year Mark for new accounts = credit score boost???

My scores increased six months after my new accounts, but as others have said, its a ymmv situation. You'll probably see an increase after six months though.
Community Leader
Senior Contributor
myjourney
Posts: 25,561
Registered: ‎02-07-2013
0

Re: One year Mark for new accounts = credit score boost???

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 months to recover (3 card app) June 2012

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

 

"Intelligence plus character--that is the goal of true education"
Cap1 EO link below
http://lmgtfy.com/?q=Capital+One+CEO+email+address+#seen
Last 5 apps 6/6/13

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+