Established Contributor
bettercreditguy1
Posts: 750
Registered: ‎02-11-2012
Re: Does fraud transaction affect credit score negatively?

no, it does not effect your credit score and it does NOT show up as a new account either. After one or two months your prior history and start date from your old card will be merged to the new account.

Starting scores 01/02/2012 EQ 707(Fico) TU 733(Fico) EXP 735 (FAKO)
Updated scores 06/01/2014 EQ 797(Fico) TU 768(Fico) EXP 769 (Fico), EQ 849 (Next Gen 5/27/14 Penfed)


Remember the Three P's: Pay early in Full, Pay on Time, Patience