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fico score went down

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Anonymous
Not applicable

fico score went down

after getting a new credit card with 325 limit and cap one increasing my limit to 750 my fico went from 558 to 539.did i do something wrong and how long will it take to go back up.  i am very concerned because i just came out of chap 7 last june/

 

 

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Junejer
Moderator Emeritus

Re: fico score went down

Hello rebuilder09, and welcome to the forums. Please read Credit Scoring 101, if you haven't already.

What are your balances on those cards? If all else remained equal, you were likely dinged for the new account messing up your AAoA.






Starting Score: 469
Current Score: 824
Goal Score: 850
Highest Scores: EQ 850 EX 849 TU 850
Take the myFICO Fitness Challenge
Message 2 of 3
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Junejer
Moderator Emeritus

Re: fico score went down

Hello rebuilder09, and welcome to the forums. Please read Credit Scoring 101, if you haven't already.

What are your balances on those cards? If all else remained equal, you were likely dinged for the new account messing up your AAoA.






Starting Score: 469
Current Score: 824
Goal Score: 850
Highest Scores: EQ 850 EX 849 TU 850
Take the myFICO Fitness Challenge
Message 2 of 3
Anonymous
Not applicable

Re: fico score went down

It shouldn't take too terribly long to get your score back up - maybe 3-4 months of on time payments.

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