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Score drop

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pkenn
Regular Contributor

Score drop

I recently opened 4 new cc accounts and my score has dropped 15-20 pts accross the board so far. 2% utilization.

how long before they start to creep back to normal??

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Mr_Mojo_Risin
Senior Contributor

Re: Score drop


@pkenn wrote:

I recently opened 4 new cc accounts and my score has dropped 15-20 pts accross the board so far. 2% utilization.

how long before they start to creep back to normal??


The scores should start to see some improvement over the next couple of months or so with payment history on the new cards. 

Just going off of other members experiences and mine, I would guess 3-6 months to recover the lost points.

Providing your profile stays the same.

NFCU More Rewards 28K CL
NFCU Cash Rewards 16K CL
Citi Custom Cash 7.5K CL
AODFCU Visa Sig 5K CL
Discover IT 2.5K CL
Capital One QS 3600 CL
Message 2 of 3
SouthJamaica
Mega Contributor

Re: Score drop


@pkenn wrote:

I recently opened 4 new cc accounts and my score has dropped 15-20 pts accross the board so far. 2% utilization.

how long before they start to creep back to normal??


My experience was that they started to creep back right away.


Total revolving limits 568220 (504020 reporting) FICO 8: EQ 689 TU 691 EX 682




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