I was starting to get very doubtful of any score increases, as I have not had much success at all with my gw my loans, or deleting my collections. I have however, started to pay down my cc's and keep my payments on time sometimes paying twice a month. Since I've started, I've obtained two new tradelines of about 1K (Hooters and B of A Platinum Plus) and purchased a new vehicle for a new auto installment loan of ~27K. An old auto installment loan of ~11K is being paid off, but not reflected in my CR as of yet. I just received a score watch alert that my score has increased 26 points!!!
Is this accurate??? Wow I am so ecstatic.
It did not trigger any other alerts, however.. i.e. changes to my CR.. And, my question is this.. Will my score decrease? Nordstrom just did an inquiry.. How would I know whether it is a hard or soft one? I am afraid my score will decrease because of the new B of A tradeline, new auto loan, and inquiry fm nordstroms...
PS- A factor on my CR that says is reflecting negatively is that my installment loan balances are greater than my original loan amount (because of interest, etc..) I thought installment loans did not count against credit score??
Please answer questions if you can, I am starting to get very excited again about this whole FICO thing!!