credit scores

Discussion in 'Credit Talk' started by debtfree, Jan 15, 2002.

  1. debtfree

    debtfree Member

    I have a question that I hope someone can help with. I got a target card by making myself a Authorized user on my wifes card and it finally went on our reports on all 3 bureaus. The weird thing is that when it posted to our reports even though it was a good account my score went down 55 points on credit expert for no reason. The new account was the only chang on my report. It brought up my TU 20 points but brought down experian 55 points. I cant figure out why. It also brought down my wifes score 20 points on credit expert. Can anyone explain?
     
  2. QUEEN_BEE

    QUEEN_BEE Well-Known Member

    Sometimes new accounts lower scores until they get some age on them, usually at least a year.
     
  3. dfwgt

    dfwgt Well-Known Member

    It might not even be a year, if I'm not mistaken it only takes 6 months (Since the reports usually look at how many "new" accounts have been opened in the past six months).


    GT
     

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