How long will credit score take to return to normal after opening a new credit card?
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I recently opened a new credit card and noticed that my fico score plumetted 50 points after doing so. How long will it take for credit score to get over the fact that I opened a new account and regain those 50 points?
Other Sites of Interest
- The Inside Of The FICO Score Model. « Serious Issues in Simple Terms
- Increase Credit Score With Bad Credit Home Loan
- How Does My Credit Score Affect My Mortgage Rate?
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Your FICO dropped for at least 2 reasons:
1. You have a new inquiry on your report.
2. Your new account has lowered your average age of accounts.
if you are looking for the free credit score and report usa national site, check out this site
http://free-credit-report-national.com/
Here you can see your 3-in-1 Report from all three credit reporting agencies and your credit score.
It depends on your score and other factors overall I have heard it can take about 3 years to but that also can change as you get more positive points. Good luck