topic se Re: Score just recently dropped in Understanding FICO® Scoring

Score just recently dropped

Jayla127 — Mon, 20 Sep 2010 19:37:09 GMT

Hello everyone,

I'm new to the board and i just went through a bankruptcy. It was discharged this past July and I have acquired 3 CC's to build my credit back up. One of the credit cards just posted to my account and my score dropped 28 points. Is this normal when you add a new account?

Any advice would be greatly appreciated.

Re: Score just recently dropped

llecs — Thu, 23 Sep 2010 12:56:04 GMT

Welcome to the forums!

Are these your first CCs, or do you have others?

It's not uncommon to lose points when you add a new TL due to the new credit and possible drop in AAoA. I've found that I've lost an average of 20-25 points per new TL being added. When I added my first three, I gained points, but future CCs resulted in a drop. Usually most of these points returned within the first 6 months with the remaining by 1 year. Last summer I added three new TLs and my score dropped 50+, but within 10-12 months, all the points had returned.

se Re: Score just recently dropped

Jayla127 — Fri, 24 Sep 2010 14:09:14 GMT

Hello,

These are my first CC's I have acquired after the bankruptcy.