How much will new accounts impact score & for how long?
09-09-2011 08:15 PM
I've recenly joined this forum. My credit history is in this post from last night: http://ficoforums.myfico.com/t5/Credit-Cards/Estab
I will have a total of 6 new credit cards with credit history year of 2011, but the AmEx was backdated to 1989, but the rest of them will be 2011. Only AmEx and Wells Fargo started reporting, and my EQ Fico score is currently at 780 and EX and TU Fako scores at at 790. I'm assuming they will drop once other cards start reporting and dilute AAoA. On average, how long will new accounts impact the score and how much?