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SCOREWATCH DROPPED WITH NEW HSBC CC

New Contributor

SCOREWATCH DROPPED WITH NEW HSBC CC

My score went down from 646 to 641Smiley Sad I am trying to improve my credit, and I have a target account that has not showed up on my report yet, so it will probably drop againSmiley Mad 
 
Can someone tell me how long it will take before the new cards start increasing my score.
 
Credit Picture:
 
BofA Visa $2000  $193.00 bal  since 2/07
HSBC Visa $300 0bal since 4/07
HSBC MC $750   0bal  since 6/07
Jc Penny $150 (AU)  0bal  since 6/07
 
CA $218 PAID
CA $199 PAID
 
Mortage current for 2yr sent GW on old history
Car current 2yr sent GW on old history
 
3 Paid Tax Liens
 
 
Message 1 of 5
4 REPLIES
Member

Re: SCOREWATCH DROPPED WITH NEW HSBC CC

For me, It took about six months for my CCs to start helping my score.
Message 2 of 5
New Member

Re: SCOREWATCH DROPPED WITH NEW HSBC CC

It took about the same for me. It usually takes about 6 months because you need to build some positive history on the account.
Message 3 of 5
Established Contributor

Re: SCOREWATCH DROPPED WITH NEW HSBC CC



2IMPROVE wrote:
My score went down from 646 to 641Smiley Sad I am trying to improve my credit, and I have a target account that has not showed up on my report yet, so it will probably drop againSmiley Mad 
 
Can someone tell me how long it will take before the new cards start increasing my score.
 
Credit Picture:
 
BofA Visa $2000  $193.00 bal  since 2/07
HSBC Visa $300 0bal since 4/07
HSBC MC $750   0bal  since 6/07
Jc Penny $150 (AU)  0bal  since 6/07
 
CA $218 PAID
CA $199 PAID
 
Mortage current for 2yr sent GW on old history
Car current 2yr sent GW on old history
 
3 Paid Tax Liens
 
 



Continue to perform as you have, and your scores will jump consistently...
 
Keep fighting the good fight!
 
Rob
Message 4 of 5
Highlighted
New Contributor

Re: SCOREWATCH DROPPED WITH NEW HSBC CC

Thanks for the encouragementSmiley Happy I can't wait to see what my scores will look like in 6 months.
Message 5 of 5