My plan for repair - suggestions please

[mikemike]

Originally Posted by chane

If it's an authorized user account it won't, because there are no inquiries.

If you apply for a card, the inquiry will temporarily bring your credit score down. It will bring it down even more if you have any other inquiries. But, establishing good history with that account will offset the effects of the inquiry. For example, lets say that an inquiry brings your score down 10 points, well after 3 months of paying on time your scores will go up 15 points and the inquiry is not at new so it only takes 7 points away instead of 10. That would be +8 points. But, like I said, at first it will go down a little bit.

After a year of positive history, the account may raise your scores by 50 points and the inquiry may negatively effect it by 3 points. That would be +47 points.

That's just an example though and honestly FICO doesn't really work like that, but hopefully it helps illustrate my point. Nobody knows exactly how FICO works except for FICO themselves.

It's adding accounts via authorized user......there's no inquiry. That explains the confusion.

Any estimate on how much the addition of two old accounts with high credit limits will increase my credit score? I have almost no credit history, but just one late payment.