Established Member
Posts: 23
Registered: ‎05-13-2012
Re: Credit score dropped opening new cards

One of those accounts was an installment loan, and the other two were revolving accounts.. I paid the installment account in full and got a SW alert about a month or so later saying that the status of the account improved but my EQ score dropped.. I've gotten pretty sharp about when my revolving accounts report.. So I zero them out or get the balance as low as I can before the closing date, But it seems everthing is ok as long as there is a balance.. Just when I zero them out my score goes down. Now my score went up after leaving one of the accounts dormant for about three months and then using it again afterwards. But it seems the more I think I know the more I find otherwise.

Handle ya bidness, It pays!