TransUnion is a Bust!!

[Anonymous]

TransUnion is the only CA that rewards adding a CL to your report by taking away points. How are you supposed to build good credit if they take away a positive CL with taking away points??

[Anonymous]

It didn't happen.

You probably had other reasons for the score drop but monitoring companies don't always alert when that happens.

So you got an alert for a CLI but when it drew new scores, another reason caused an overall drop.

[Anonymous]

ABCD, I think he's saying he added a new credit line (account) and lost points, which would make sense.  That's how I understood it anyway.

OP, if that is the case, adding a new line of credit can temporarily lower your score a little bit.  In adding a new account you take on an inquiry as well as dropping your AoYA to 0 months and potentially lowering your AAoA across a threshold as well.  A "new account" can lower your score for a few months, but most people report their scores back to where they were prior to adding the account withing 4-6 months and after that their scores are better than where they started prior to adding the account.  Just think of it as a tiny step backward that will allow you to then take a bigger step forward.

[Moneyklutz]

---

@Anonymous wrote:

---

...Just think of it as a tiny step backward that will allow you to then take a bigger step forward.

I always liken it to the analogy that improving my credit is score is just like climbing a sand dune... eventually you'll see the waves  =) 

[HeavenOhio]

Yeah, I think the OP means "credit line."

It gets interesting when an an abbreviation used around here has multiple meanings. For example, VS can mean Victoria's Secret, Visa Signature, or VantageScore. When I see the Citi AA card mentioned, I always want to think it's the Citi Adverse Action card.

[Anonymous]

No doubt things can get lost in the multiple lingo translations!