Re: Which FICO do you get from EQ Score Power? What about SW?
03-01-2013 01:00 PM
Two new credit cards reporting can hurt your score a lot. When US Bank acquired Kroger credit cards from RBS, my score went way down, because US Bank reported my Kroger account as a new account, even though I had it for years. And a lot more recently, when I got a new Capital One card, with bonus cash back and no fee, that too caused my score to go down significantly. So, if one new account can do that to my score, it's easy to believe that two new accounts can make you look like an absolute deadbeat.
Contact your CCC or the CRA to have the proper date reflected. Cap 1 took over two of my cards and they showed the original opening date on my CR.
Starting Score: 515
Current Score: EQ 677 EX 642 TU 697
Goal Score: 700+
Discover IT $9250 | Chase Freedom $4000 | Citi TYP $3500 | PayPal Extras MC $3000 | Barclay Ring $1500 | Cap 1 Platinum $1500 | Cap 1 Platinum $1200 | Union Plus $1000 | Target $200