12 New Accounts in July, How Long does It Take to Recover?

Ok, early to mid July, I opened up 12 new accounts, only 4 inquiries totaling over $28,000 CL. Also I got a bump from Walmart 700 to 4,000! As the new cards are being reported to the bureau, my utilization has dropped from 24% to 13% and will drop by September to 8%. My Eq score has dropped as well a total of 18 points with 4 new credit cards left to be reported. I knew I was going to take a hit, but it's still a downer when it starts happening. I am gardening big time now, but my question is how long does it take before your score starts to rebound. The age of my credit really didn't take a hit, I have accounts that are 25 years old in excellent standing along with a paid off mortgage in 2002. Not one late pay,etc and I definitely not over extended. Any one with any experience with this situation? Thanks!

japakar wrote:
Yeah same as above poster. It may bounce up and down a bit but for anything to really stick it should take about 6 months and about a year for the other bump. (Inquiries to fall off the reporting, accounts to reach 1 year of age and all of that good stuff) Util going down may give a bump sooner though, but itll still be about a year.*edit*
Not unreasonable to ask. Some companies let you ask earlier. If its a HP, itll probably knock your score a few points for the inuqiry. Its reasonable to expect an increase if your util on individual and overall is low, no new accounts. (and no judgements/collections, sometimes those can block CLis for awhile it seems)Thanks Japakar, I have a few old inquiries coming off at the beginning of the year...will end up with 10 by then. I definitely will be able to keep utilization between 5 to 8 percent in a couple of months. I will avoid HP CLI. Absolutlely no collections always pay on time, much more than minimum and a couple of times a month. I will garden hard!

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