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score rebound

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Anonymous
Not applicable

score rebound

How long does it generally take for someone's score to rebound after loans drop off?

I traded in my 2011 mustang for a 2015.  My old loan has been updated as paid.  Lost 25 pts on EQ and EX.   TU has not reported yet

My new car loan has not reported yet.  I also have 2 cc's that have started to report and waiting on 2 more.  I know in the long run it will be golden espcially as my 4 new cc accounts age, just wanting to know short term

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jamie123
Valued Contributor

Re: score rebound

A lot depends on how thick your file is. If what you described is all that you have on your reports, you might still see a slight drop when the 2 new cards start reporting but then your scores will start rising month to month. Six months from now you should be close to where you started. One year from now your scores should be higher than where you started.

 


Starting Score: EQ 653 6/21/12
Current Score: EQ 817 3/10/20 - EX 820 3/13/20 - TU 825 3/03/20
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