TU up 44 points!!! Woohoo!!

[Anonymous]

So I checked my TU fico (walmart) and it went up to 747!! Im ecstatic right now! Unfortunately, Im sure it will decrease once my new cards begin reporting Its amazing what paying down some balances will do! lol Thanks for all of the help and support throughout the journey =) 

Also, does anyone know how long it takes for Discover to report?? Ive had 3 statements so far and still nothing. My Citi began reporting the day after I got the card. 

[creditnocash]

congrats. yeah i have score watch and it went up about 25 points and then next day dropped due to inquries =/ 

your grass cant be green if you dont water it as they say. 

good luck!

[Anonymous]

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@creditnocash wrote:

congrats. yeah i have score watch and it went up about 25 points and then next day dropped due to inquries =/ 

your grass cant be green if you dont water it as they say. 

good luck!

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Very true! Almost all of my inquiries are on Eq (hence lowest score) and I cant wait for them all to fall off! 

[webhopper]

Congrats on the score boost!

I know how it feels. Still waiting on eq and ex to follow suit.

[WarJar101]

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@Anonymous wrote:

So I checked my TU fico (walmart) and it went up to 747!! Im ecstatic right now! Unfortunately, Im sure it will decrease once my new cards begin reporting Its amazing what paying down some balances will do! lol Thanks for all of the help and support throughout the journey =) 

Also, does anyone know how long it takes for Discover to report?? Ive had 3 statements so far and still nothing. My Citi began reporting the day after I got the card. 

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@Anonymous - Why does your score drop when your cards start to report? Also, I just got approved for the Citi Student Forward Visa, do you think the same will happen for me when I activate it?

[Anonymous]

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@WarJar101 wrote:

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@Anonymous wrote:

So I checked my TU fico (walmart) and it went up to 747!! Im ecstatic right now! Unfortunately, Im sure it will decrease once my new cards begin reporting Its amazing what paying down some balances will do! lol Thanks for all of the help and support throughout the journey =) 

Also, does anyone know how long it takes for Discover to report?? Ive had 3 statements so far and still nothing. My Citi began reporting the day after I got the card. 

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@Anonymous - Why does your score drop when your cards start to report? Also, I just got approved for the Citi Student Forward Visa, do you think the same will happen for me when I activate it?

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AAoA takes a hit usually. How much of a hit is dependant on how the rest of your profile looks.

However, If you only have 1 or 2 cards reporting your score will actually usually increase (which seems to be the case for you warjar), but for those with established history score will go down a bit temporarily. 

[Cageym]

Yep, I've watched my score take a 45 point drop recently because NFCU and Amex Zync started reporting and my AAoA took a major drop from 1.5 years to 9 months, I'm still waiting on the Amex Delta Gold to hit it so I'm expecting another drop and more loss on the AAoA. But these are all temporary and that's part of getting a higher score eventually.

[WarJar101]

Thanks for the info guys. I have another question, how long does it take for hard inquiries to fall off your report?

[Anonymous]

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@WarJar101 wrote:

Thanks for the info guys. I have another question, how long does it take for hard inquiries to fall off your report?

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They have a negative effect on your score for one year, and stay on your report for two years 

[bichonmom]

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@WarJar101 wrote:

Thanks for the info guys. I have another question, how long does it take for hard inquiries to fall off your report?

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the impact usually lessens at 6 mos., at 1 yr the fico effect would be entirely gone. they stay on your cr for 2 yrs.