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Credit score jumped 31 points!

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Anonymous
Not applicable
‎05-14-2015 09:20 PM
‎05-14-2015 09:20 PM

Credit score jumped 31 points!

So a little over a month ago I took out a installment loan for $300 that was secured. It finally showed up on my CR and my score jumped 31 points! I applied for a secured card through BOA and got approved... when will that show up? Do you think that will boost it even more? I was surpirsed it went up so much from the loan!

Message 1 of 7
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Anonymous
Not applicable
‎05-15-2015 04:17 AM
‎05-15-2015 04:17 AM

Re: Credit score jumped 31 points!

@Anonymous wrote:

So a little over a month ago I took out a installment loan for $300 that was secured. It finally showed up on my CR and my score jumped 31 points! I applied for a secured card through BOA and got approved... when will that show up? Do you think that will boost it even more? I was surpirsed it went up so much from the loan!

Congrats to the increase.

 

Its hard to say how much, if any, that will boost your score without knowing more about your credit history.  It will definately help you over the next 6-12 months if you keep the UTI low and make on-time payments.

Message 2 of 7
Anonymous
Not applicable
‎05-15-2015 10:49 AM
‎05-15-2015 10:49 AM

Re: Credit score jumped 31 points!

congrats

Message 3 of 7
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NRB525
Super Contributor
‎05-15-2015 10:10 PM
‎05-15-2015 10:10 PM

Re: Credit score jumped 31 points!

@Anonymous wrote:

So a little over a month ago I took out a installment loan for $300 that was secured. It finally showed up on my CR and my score jumped 31 points! I applied for a secured card through BOA and got approved... when will that show up? Do you think that will boost it even more? I was surpirsed it went up so much from the loan!

Congratulations!

What were your scores from MyFICO just before and just after this loan reported?

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765
Message 4 of 7
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Anonymous
Not applicable
‎05-29-2015 12:41 AM
‎05-29-2015 12:41 AM

Re: Credit score jumped 31 points!

That's great. Congrats. Great score boost!!!

Message 5 of 7
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Anonymous
Not applicable
‎05-29-2015 06:55 AM
‎05-29-2015 06:55 AM

Re: Credit score jumped 31 points!

Congrats!

Message 6 of 7
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Anonymous
Not applicable
‎06-01-2015 08:33 AM
‎06-01-2015 08:33 AM

Re: Credit score jumped 31 points!

Congrats! Is this your only open installment loan?

Message 7 of 7
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