Can anyone give me an idea of how long it takes for a new tradeline to stop having a negative impact on scoring? 6 months? year? Daughters car loan just hit the CR's. Score dropped 2 points...just wondering if this is going to be the worst of it.
Yeah, only 2...not complaining there...lol. I was just wondering if that was as worse as it's gonna get and how long before it stops being a "negative scoring factor" the scoring said 2 years....this can't be right can it?!
Re: Re: New Tradelines Well I'm not a scoring expert Kathy, but when a new TL starts reporting, that should be as bad as it gets. We usually gain 2 or 3 points a month until it bounces back. As far as top scoring factors? LOL There's just no rhyme or reason behind those. Congrats on your Saturn deal. That's a cute car.
