Score Rebound from New Accounts

[Brusilov]

I just opened 3 new CC accounts this past month with as many inquiries dropping my score about +/- 30 pts.  Anyone know roughly how long it takes to rebound from the new account and inquiry damage?  A few months, 6, 12, more?

[lhcole77]

Common wisdom, from what I've read on here, says about six months. I'm in the same boat so I guess we will see together.

It seems my EX score is going to drop but EQ and TU scores will go up.

[thom02099]

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@Brusilov wrote:

I just opened 3 new CC accounts this past month with as many inquiries dropping my score about +/- 30 pts.  Anyone know roughly how long it takes to rebound from the new account and inquiry damage?  A few months, 6, 12, more?

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According to my financial analyst at my credit union, generally (and this is in very broad terms), one will see about a 10 point drop per new trade line (5 for the INQ/5 for the new TL), but will gain 15 points back further down the road for a net of 5 points per new TL.  His advice to me at the time was to wait 6 months to see what the rebound is, and that's generally correct.  As with anything credit related, YMMV! 

[Shogun]

     I like Thom's answer, but I couldn't put a point number on it.  Getting new TLs will lower your score initially, but it is a necessary evil.  Those new TLs will age and thicken your CR making it healthier and have the ability for your scores to grow.