New Acct-When does Score Stabilize

Discussion in 'Credit Talk' started by ted75, Jun 14, 2002.

  1. ted75

    ted75 Well-Known Member

    I've got a "transferred" mortgage and a new credit card reporting on Experian. My score dropped from 664 to 632....not to mention increased credit debt ratio.

    How long until the new accounts stabilize/improve my credit score? I hope it's not 6 months...or a year...
     
  2. wolverine

    wolverine Well-Known Member

    bad news, at least a year, then a little more at 2 years.
     
  3. soup

    soup Well-Known Member

    I disagree...I've seen my score go down due to a new account and then back up within 2 months, and significantly if it improves your ratios...but then again we are talking RNG LOL
     
  4. ted75

    ted75 Well-Known Member

  5. GEORGE

    GEORGE Well-Known Member

    6 months???

    YOUR DEALING WITH A RNG!!!
     

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