Score effects of 1 year with no credit apps

[MidnightVoice]

On Experian.  Today my two newest TLs (Amex and a car) are over a year old, and an inq dropped from EX

Score went from 731 to 742 (it is so low because EX counts my little HELOC as a CC)

[Anonymous]

I thought you would get the TL increase at the beginning of the month, independent from the actual date they were opened. Am I wrong?

[llecs]

I love 1 yr account anniversaries. Maybe I should open a herd of new CCs so I can have a bump this time next year too.

[MidnightVoice]

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@Anonymous wrote:
I thought you would get the TL increase at the beginning of the month, independent from the actual date they were opened. Am I wrong?

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Eq and Ex put the begining of the month for TL age, TU puts the actual date.

And the inq falls off on the exact date with all 3.

So I could pull EQ today, but as for TU I have to wait until the end of the month for the full effect

Message Edited by MidnightVoice on 12-11-2008 08:51 AM

[haulingthescoreup]

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llecs wrote:
I love 1 yr account anniversaries. Maybe I should open a herd of new CCs so I can have a bump this time next year too.

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Grimly hanging on until mid-February. Then mid-March. Then late April!

The only good thing about the current economy is that it made it pretty easy to decide not to apply for anything between now and then.

[MidnightVoice]

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@haulingthescoreup wrote:

Grimly hanging on until mid-February. Then mid-March. Then late April!

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Grimly Hanging On is probably a characteristic of FICO High Achievers 

[haulingthescoreup]

Another way of describing Irritable Patience! --or at any rate, that one applies to this FICO High Achiever Wanna-Be.

[pappie23]

What are TLs?

[pappie23]

You say you should open a herd of new CCs so you can get a bump to your score, will that actually work? And if so how many new CCs should you open fpr that year?

[haulingthescoreup]

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pappie23 wrote:
What are TLs?

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Hi, welcome to the forums!

TL's = tradelines = credit accounts that appear on your reports. They can be revolving (CC's, lines of credit), installment (student loans, car loans, personal loans), mortgages (standards mortgages plus home equity LOC's over $40K in CL), and the mysterious "other".