RayvonTCO Posted May 22, 2007 Report Share Posted May 22, 2007 I was approved for a Home Depot card. The account was opened 5/07. As a result I lost 17 points on my exp report according to myfico. I dont know how my other scores were impacted. I know opening new accounts affect the score but I have a question for you experts. What is the fastest way to get these points back? Link to comment Share on other sites More sharing options...
chilton1 Posted May 22, 2007 Report Share Posted May 22, 2007 Only time will give those points back to you. I am rebounding from new accounts last year--a total of 3. Experian went from a high of 712 to 659. It sucks. The other bureaus actually have increased since then and are all over 700. It has been more than 6 months and my score is only slowly coming back. The other bureaus did not suffer the same hit. I think Experian system hates new accounts. Link to comment Share on other sites More sharing options...
RayvonTCO Posted May 22, 2007 Author Report Share Posted May 22, 2007 OOpps!! My fault it was equifax because myfico gives a free trial for that. Link to comment Share on other sites More sharing options...
chilton1 Posted May 22, 2007 Report Share Posted May 22, 2007 well brace yourself Experian may take an even bigger hit. But time will heal that wound as well. Link to comment Share on other sites More sharing options...
RayvonTCO Posted May 22, 2007 Author Report Share Posted May 22, 2007 bump Link to comment Share on other sites More sharing options...
kevin3344 Posted May 22, 2007 Report Share Posted May 22, 2007 The only way to get lost points back is to pay on time, every time. No way around it. Opening a new account lowers the age of all your accounts and the new account won't impact your score for at *least* a few months until the tradeline ages somewhat. Link to comment Share on other sites More sharing options...
lyle7289 Posted May 22, 2007 Report Share Posted May 22, 2007 agreed... Link to comment Share on other sites More sharing options...
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