trying to raise score

[Anonymous]

I have a score which is pointing to my lack of revolving credit.  I have installments loans with balances and some delinquent accounts.  If I open a revolving credit card, how long will it take for that account to impact my score if I open the account and start using it?

[Anonymous]

you can probably expect a 30 to 60 day time frame for it to report, but I just recently opened a new CC and it reported to the CRA's in less than 2 weeks. So I guess it really depends on the company. As far as helping your score out I really couldn't say, I took a 2 point loss but i also had 3 inquiries to go along with opened account. also keep utilization down and if you have baddies on report you might try and PFD...... A little update here One of the other CC's i applied for is reporting now I just checked my TC daily report, I don't even have this card yet...another thing my FAKO score went up 40 pts on EQ, only one showing this new card. I figured I was going to lose points by adding another account and additional inquiries. Trying right now to get courage to pull Fico score, knowing how different they can be.

Message Edited by dekrist on 05-10-2007 07:28 AM

Message Edited by dekrist on 05-10-2007 11:15 AM

[Tuscani]

Agreed. I have actually had accounts report the same day!

[Anonymous]

Adding will cancel that message but the new account takes away points too. You may see a score drop at first as well. However it sounds like you need the account. 3-6 months before you see a gain in your score.

Message Edited by ilovepizza on 05-18-2007 12:23 AM