4 New Tradelines, Score Question

[MJVBAK]

I added:

Target: 200
Dillards: 200
Chevron: Not sure but, most likely 300
Valero: Not sure son I'm gonna say 200

My current EQ score is @ 661

Limit Balance
US Bank $300.00 $253.01
Capital One $500.00 $437.48
Credit One $300.00 $96.22
1st Premier $250.00 $100.00

Can I expect a score boost?

[Anonymous]

Not sure, but you'll definitely need to lower those balances to less than 30% of your limit ASAP if you want a score boost! Opening up so many cards may actually take your score down a little, or, it may go up slightly. What other tradelines do you have that got your score to reach 661?

[MJVBAK]

Thats all I have. I am going to get those down the first part of next month.

[fused]

Your overall util will improve by 26% even without paying your current CC balances. Ideally you should have less than half of your accounts reporting any balance and the ones that do, less than 9% of their CL. If you do this, I think your scores might improve some because util carries quite more weight than your new negatives...inqs, new accounts and re-aging (shortening your average-age of accounts) your credit files. 

[MJVBAK]

Thanks!, I can't wait until the new tradelines report. That and when I pay the others down, my score should be on its way up.

Message Edited by MJVBAK on 04-21-2008 09:33 PM

[bott6698]

keep us posted on what happens to your score.

[MJVBAK]

Will do I hope its good!