Moderator Emeritus
llecs
Posts: 32,869
Registered: ‎08-04-2007
Re: Score Watch=No Alerts Email

S7 wrote:

I was told that if it has a long clean history, that it would increase the score. And as we all know, dear ol' Experian is a FAKO, but it did show an increase. 


It's always a YMMV-thing. If the card...

 

...is older than your AAoA, and if your AAoA increases by a year or nmore, then you could possibly see an increase.

....is younger than your AAoA, and if your AAoA decreases by a year or more (remember, FICO rounds down), then you could see a decrease.

....helps your CC util, then there's a potential for an increase.

....hurts your CC util, then there's a potential for a decrease.

....becomes your oldest reported revolving and/or your oldest overall then there's a potential for an increase.

....helps your mix, assuming you only have one or two CCs now, then there's a potential for an increase.

....reports a balance, then there's a potential for a decrease (due to adding one more TL w/ a balance).

....has any late or derog comment showing, then there's a potential for a decrease.

....was recently opened (inside a year), then there's a potential for a decrease.

....has a dispute comment showing then there's a potential for a score change once that comment clears.

....and others.

Combine the above together and oyu can have a mixed bag where a score change, if any at all, is concerned. And that's assuming it's reporting to EQ at this point. Add 7 days to the exact day it reported to EQ and that starts the clock for any potential increase, decrease, or possibly zero score change at all. Your score is monitored weekly and if your target score is correctly set, then you'll get alerted within a week of that first reporting assuming your score changed and hit that target.