Valued Contributor
Posts: 2,300
Registered: ‎07-23-2012
Re: Will Her Score Recover?

Johnny_Favorite wrote:

Friend of mine had a 730 FAKO across the bureaus. 1 credit card, 5 years old, $5000 limit. Never late.


I advised her that she could probably use some more credit and just build it up slowly. She went on an app spree and got a Chase Freedom (4000), Citi Diamond (1200), Discover More (2000), Target Red Card (500).


She does not plan on buying a house or car soon. But maybe in 2 years or so. Will her scores recover by then and how big of a hit can she expect with her Credit Line going way up but her AAoA going way down?



well... going from only 1 account to 5 is a big drop. thats saying 60+1+1+1+1=65/5  13  so her aaoa dropped from 5 years to 1 year. That's only if she has no more tl as in student loans or car leases/loans. 


the inq will stop effecting score in a year and will fall off in 2 years. 

as long as she does the usual charges and pays. never missing payments and not apping for stuff she wants only what she needs her score should grow as her cards age. 


she should be in the step of what we call here gardening. 

Current: Discover Fico 709 3/15 Walmart Fico 743 4/15

Inquiries (24 Months): EQ 6 TU 1 EX 6 | Most Recent: 4/09/2015
Over 12 Months:9

2015 Goals:
Lower Utility
Earn Cash Back

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$7,400
Citi DC $10,000
Citizens Mastercard$7,000