Opened new account to increase EQ

[Anonymous]

I signed up for TrueCredit, and was alerted today that my EQ score dropped 63 pts.  I thought opening a new account is suppose to increase your score not decrease.  TU increase 23pts and Ex 5pts.  Does anyone know why the decrease.  I have not pulled my true FICO score yet, so I wonder if it would have decreased as well.

[Tuscani]

Welcome, please read the Scoring 101 thread. We need more info about your reports. What TLs do you have? Any baddies? What is your util?

[smallfry]

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@Anonymous wrote:

I signed up for TrueCredit, and was alerted today that my EQ score dropped 63 pts. I thought opening a new account is suppose to increase your score not decrease. TU increase 23pts and Ex 5pts. Does anyone know why the decrease. I have not pulled my true FICO score yet, so I wonder if it would have decreased as well.

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Why would you pull your new FICO score now?