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How long does "New Credit" continue to be a bad thing to the credit bureaus?

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vanillabean
Valued Contributor

Re: How long does "New Credit" continue to be a bad thing to the credit bureaus?

Message 11 of 12
takeshi74
Senior Contributor

Re: How long does "New Credit" continue to be a bad thing to the credit bureaus?


@tavalon wrote:

The only reason Experian gave for giving me a 628 (compared to Equifax 754) was too much new credit. Oh, and not enough credit overall. Mixed messages, anyone? 


The two aren't mutually exclusive.  A better mix and more credit accounts will help but you can't just open a bunch of new accounts all at once and expect no adverse impact.  As always, it takes time to build.

 


@tavalon wrote:

I apologize. I've learned most of the abbreviations but I don't know AAoA. Could you tell me what that means? thx.


Don't overlook the stickies.

Message 12 of 12
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