05-14-2008 06:07 AM
05-14-2008 09:37 AM
05-14-2008 11:07 AM - edited 05-14-2008 12:55 PM
05-14-2008 11:35 AM
05-14-2008 11:43 AM
05-14-2008 11:46 AM
fused wrote:If your scores are still in the mid to high 700's, a new CC reporting will drop your scores at least 15 points (my guess).- 5-10 point drop for a new inq- 10-15 point drop for a new account re-aging your credit filesome have reported a bigger loss in points with scores similar to yours
05-14-2008 03:16 PM
Ooops, somehow I missed this!
Actually, if he already has 29 accounts, a new account isn't going to significantly affect average age of accounts.
05-14-2008 04:29 PM
I wouldn't be too concerned about the possible red flag for the welcome you now have 30 accounts reporting. Go for it.