NFCU SSL opened> next steps?

[spiritcraft1]

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@Anonymous wrote:

paid it down to $266.93 (8.89% of $3001) next payment due 04/27/2023 lol

Now I send a pmt every ~90days?

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In my case, I auto pay $3 a month.  Just make sure what ever you do does not shorten the term...  Not sure it matters about even making a payment until April of 2013 but I feel better with the small monthly activity.

It should report right after the first of next month.

[Anonymous]

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@spiritcraft1 wrote:

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@Anonymous wrote:

paid it down to $266.93 (8.89% of $3001) next payment due 04/27/2023 lol

Now I send a pmt every ~90days?

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In my case, I auto pay $3 a month.  Just make sure what ever you do does not shorten the term...  Not sure it matters about even making a payment until April of 2013 but I feel better with the small monthly activity.

It should report right after the first of next month.

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Sweet.  Is it an initial drop as a new account or a bump in score?  I was planning on app spree either mid-jan or mid-feb if its going to be a hit or bump

[Anonymous]

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@Anonymous wrote:

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Sweet.  Is it an initial drop as a new account or a bump in score?  I was planning on app spree either mid-jan or mid-feb if its going to be a hit or bump

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What is the age of your youngest account at the moment?  The new account will cause your AoYA to go to zero months.  If your AoYA was > 12 months previously, then that it can involve a hit.  Also (though to a lesser degree if your AoYA was > 6 months).

The boost from adding a new SSL that reports at under 8.99% (compared with having no open loans) is typically 25-40 points.  The variation may owe in part to people having different values of AoYA prior to opening the SSL.

Wait and see is the best advice.

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

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Sweet.  Is it an initial drop as a new account or a bump in score?  I was planning on app spree either mid-jan or mid-feb if its going to be a hit or bump

---

What is the age of your youngest account at the moment?  The new account will cause your AoYA to go to zero months.  If your AoYA was > 12 months previously, then that it can involve a hit.  Also (though to a lesser degree if your AoYA was > 6 months).

The boost from adding a new SSL that reports at under 8.99% (compared with having no open loans) is typically 25-40 points.  The variation may owe in part to people having different values of AoYA prior to opening the SSL.

Wait and see is the best advice.

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Youngest account is 5months everything after that is 3-10years