https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/credit-repair-community-Newbie-help/m-p/2164895#M71985 <P>Thank You. I Havnt opened any new credit accounts. Only a the 2 two installs because I never had any so I was hoping , well I was told it would build my credit as lon as I kept my CC payed off, no new collection acounts, or late payments.&nbsp;</P> Thu, 23 May 2013 19:08:54 GMT Anonymous 2013-05-23T19:08:54Z https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/credit-repair-community-Newbie-help/m-p/2164719#M71981 <P>Just approved for 2 installments equalled to$20, 000 . Will my Credit scores drastically reduce? If so, how long before they will start going up?&nbsp;</P> Thu, 23 May 2013 18:03:23 GMT https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/credit-repair-community-Newbie-help/m-p/2164719#M71981 Anonymous 2013-05-23T18:03:23Z https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/credit-repair-community-Newbie-help/m-p/2164781#M71982 <P><FONT size="2">It won't drastically reduce. Maybe you could see a loss of 20 pts or so, but that was assuming that you haven't opened any new credit accounts in the past year or so. And any damage is temporary and you'll rebound. Any loss is a YMMV-thing.</FONT></P> Thu, 23 May 2013 18:28:11 GMT https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/credit-repair-community-Newbie-help/m-p/2164781#M71982 llecs 2013-05-23T18:28:11Z https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/credit-repair-community-Newbie-help/m-p/2164895#M71985 <P>Thank You. I Havnt opened any new credit accounts. Only a the 2 two installs because I never had any so I was hoping , well I was told it would build my credit as lon as I kept my CC payed off, no new collection acounts, or late payments.&nbsp;</P> Thu, 23 May 2013 19:08:54 GMT https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/credit-repair-community-Newbie-help/m-p/2164895#M71985 Anonymous 2013-05-23T19:08:54Z