Re: How much will new accounts impact score & for how long?
09-18-2011 11:40 PM
An AAoA of 10-11 is still excellent and I doubt that will drastically reduce your score. I do think the inquiries and 5 new account flags will ding your score significantly. I am thinking potentially 40 points (down to 750ish FICO). That said I expect half of that to come back in 6 months and 80% to return after a year. I could be way wrong but that is my WAG.
I'm in agreement with debtisgood. Your AAoA is excellent (and will be even after those new accounts are calculated in). Your %utility will go down simply because you've added the CL from those 4 new accounts. The inquiries probably won't hurt you much since 4 isn't too bad and once they fall off you'll be in great shape again.
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