My EXP score starts at 700. In DEC, I apply for a Amex Blue, approved $5K Get no hards with EXP Check my report in Jan Score is still 700 Jan--Dispute old Amex Green 'Settled with less than full balance' (last reported 1/02) account as 'not mine' Exp verifies account is mine, wipe out all history except 1/04 as OK/unknown and keeps same TL. Amex Blue added on EXP 2/04 with 2K balance and 5K limit as well as history from DEC-FEB OK Score drops to 648! How is this possible? Did they reage the old Amex account? I can't see how else adding Amex blue would have dropped the score. None of other accounts changed, I checked to verify.
losing credit history (even bad history sometimes) and adding new credit always lowers scores. I just didnt realize by how much! dont worry, it'll come back up soon w/no late pmts and low utilization on the new CC. let that be a lesson to others about disputing old lines of credit, even if they have some lates. it IS a F'd-up system, aint it.
Re: Re: Does this make any sense? it IS a F'd-up system, aint it. crowmom ><- <>- ><- <> No:According to this it's a shell game http://members.aol.com/victcrdrpt/Score.html
