Reply
Valued Contributor
Posts: 1,425
Registered: ‎08-30-2011
0

A Very Good Couple of Months!

This month and latter part of August has been a very interesting and productive!  In mid-August, I paid off all of my balances on my outstanding credit cards (around $5500) on a 1st Command VISA, HSBC Platinum MC,Home Depot/Citi and Lowes/GEMB.  Had a balance of $102 on Best Buy/Chase, which I paid off and then charged $700 for a laptop.  My scores at the end of August/first of September were 702/TU 703/EQ and 713/EX (from my credit union-true FICO).

Once everything started reporting as being paid, my scores started going up gradually, then increased substantially.  My TU is now (as of 09/10/11) 777, EQ (same date) is 746, and EX is 730 (FICO from a credit grantor).

While paying the accounts off, I requested a CLI from 1st Command, went from $2500 to $7500 and moved from basic to platinum VISA.  Requested a CLI from Lowes, went from $3000 to $6000. Requested CLI from Home Depot, went from $5000 to $8300.

Also have applied for new credit and got:
AMEX Clear $3000 approval, pulled EX
AMEX Zync approval, pulled EX
Discover More $3600 approval, pulled EQ
Citi Diamond Preferred MC, $6800 approval pulled EX
BofA BankAmericard Power Rewards VISA, $5000 approval, pulled EX

The only declines I have are from Chase, who also pulled EX!  Applied for Chase Slate and Chase Sapphire, was turned down for both due to the number of inquiries...all those prior EX pulls.  Can't believe both my good and bad luck!  Good luck in that I got the approvals that I got, bad luck for the number of companies that pulled EX...why couldn't one of them pull TU?!?!

I checked my scores from 3 years ago and I was in the upper 500s-low 600s.  The gains have been slow but steady, and getting UTI down was the single biggest factor to improving my scores dramatically.  So, any advice I would offer would be to GET THAT UTILIZATION DOWN!  Keep it below 10% and you'll be surprised at what you can accomplish!           

Diners Club Premier MasterCard $50K / AMEX Gold NPSL / AMEX Zync NPSL / AMEX Blue Cash Preferred $14K / Bank of America Cash Rewards Signature Visa $15K / Merrill Lynch Plus Signature Visa $15K / Wells Fargo Propel 365 $15K / Chase Sapphire Preferred Signature Visa $10K / J P Morgan Select Signature Visa $10K / Chase Slate Visa $6K / CITI Diamond Preferred MasterCard $13.2K / Discover IT $10.5K / IberiaBank Select Visa $8K / 1st Command Bank Platinum Visa $7.5K // Home Depot $9.7K / Lowes $10K

EX = 818 EQ = 822 TU = 830 - 01/2015
Established Member
Posts: 30
Registered: ‎09-03-2011
0

Re: A Very Good Couple of Months!

WOW - lucky you! I paid off about $4000 of debt in August and I've yet to see any change! My hubby did get a 5 pt increase but nothing for me - I hope to see something soon! CONGRATS!

Starting Score: 684 EQ
Current Score: 684 EQ
Goal Score: 700


Take the FICO Fitness Challenge
Senior Contributor
Posts: 3,528
Registered: ‎01-19-2009
0

Re: A Very Good Couple of Months!

Awesome Scores, Congrats

Established Contributor
Posts: 767
Registered: ‎04-08-2011
0

Re: A Very Good Couple of Months!

Way to go! Congratulations!!


Starting Score (08/11/11): TU08: 643
Current Score: TU08: 741
Goal Score: Stay in the 700s; keep reports clean


Take the FICO Fitness Challenge
Valued Contributor
Posts: 1,425
Registered: ‎08-30-2011
0

Re: A Very Good Couple of Months!

@Nanz....I'm betting when your statements come out and they start reporting, you'll see score increases.  Mine just so happened to update the statements at the first of the month, and CRAs started showing balances paid about 4-7 days after my credit card statement date.  A lot has to do with what your utilization percentage will be once you're paid off as well.  Congrats on paying yours off too!

Diners Club Premier MasterCard $50K / AMEX Gold NPSL / AMEX Zync NPSL / AMEX Blue Cash Preferred $14K / Bank of America Cash Rewards Signature Visa $15K / Merrill Lynch Plus Signature Visa $15K / Wells Fargo Propel 365 $15K / Chase Sapphire Preferred Signature Visa $10K / J P Morgan Select Signature Visa $10K / Chase Slate Visa $6K / CITI Diamond Preferred MasterCard $13.2K / Discover IT $10.5K / IberiaBank Select Visa $8K / 1st Command Bank Platinum Visa $7.5K // Home Depot $9.7K / Lowes $10K

EX = 818 EQ = 822 TU = 830 - 01/2015
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.