I signed up for Experian's credit monitoring (whatever they call it this week) system about 18 months ago. I was cruising along with 4 cards and no real change to my CR. I recently opened 4 new accounts, Walmart, Amazon, Cabelas and Macy's. Within the past 5 weeks my score has gone up 74 points on Ex. Is that normal? I intend to garden for a while since this is probably going to screw up my AAoA but i'm getting closer to my low 700's goal.
It's a FAKO, but still that's a heck of an increase. Was this your first revolving accounts? Anyway, wow! Congrats!
Starting Score: 504
Current Score: EQ FICO 819, TU08 775, EX "Who Knows?" Quizzle 756
Goal Score: All Scores 760+, Newest goal 800+
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Even though it is an EX FAKO score, it does indicate TRENDS, as most scoring does, whether real or fake. You're trending upward, and that's a good thing. Have you checked your scores here, the TU and EQ scores as well, to see if there is a corresponding increase with those scores? Even though we usually take a minor ding for new accounts (usually 5 pt ding per account), like others have said, the utilization is very important. Depending on your CL on the cards, that could be significant.
