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So I completed a app spree and my credit scores have adjusted for the inquries.
I was wondering when the new accounts report to my CR will my scores take another hit or pretty much stay the same as they are now?
@Anonymous wrote:So I completed a app spree and my credit scores have adjusted for the inquries.
I was wondering when the new accounts report to my CR will my scores take another hit or pretty much stay the same as they are now?
Expect another hit as your Average Age of Accounts (AAoA) is going to decrease.
Expect a new hit and get nicely surprised if the score does not move. I recently added 3 new accounts and did not loose any points for the inquiries and only 3 points when the last card reported. This was totally unexpected but I will take it
The drop in score depends upon the number of existing cards you have and their age. Less cards you have, more hit you take on the score as AAOA decrease is more significant!