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Store credit cards

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Anonymous
Not applicable

Store credit cards

My Fico score dropped from 716 to 679 within 6 months.  During that time I opened accounts with Kohls, Macys, and Target but there were no other changes.  My question, how long will it take to get my credit score back to where it was?  I didn't realize my score would be effected this much when I opened these accounts. 

Message 1 of 4
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Anonymous
Not applicable

Re: Store credit cards

You'll see some increase as these accounts age and turn 1 year old, plus the inquiries associated with them will stop affecting you at 1 year old.

 

How bad did it decrease your AAoA?

 

What is your util being reported?

Message 2 of 4
Anonymous
Not applicable

Re: Store credit cards

Well prior to these 6 months, the last time I opened an account was 2004.  At this time, I have 9 active accounts all with $0 balance.  What does UTIL mean?

FYI, I like your screen name..I tried to use it when i was signing up today.  Smiley Happy

Message 3 of 4
Junejer
Moderator Emeritus

Re: Store credit cards

Try allowing one of your CCs to report a small balance (like $10 or something). Are you using the CCs at all?






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Current Score: 824
Goal Score: 850
Highest Scores: EQ 850 EX 849 TU 850
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