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Established Contributor
kobe2012
Posts: 691
Registered: ‎03-16-2012
0

Amex Zync Reporting

Is it good to have Amex on your credit reports?? and also I was wondering Zync reports on all three bureaus.... would it increase/decrease my score once it starts reporting???


Starting Score: TU: 598 03/23/2012 EQ:607 05/24/2012 EX:607 04/26/2012 (lender pull) EX FAKO:522 03/2012
Current Score: TU(Myfico)04/2013:689 EQ(Myfico)04/2013:701 EX(AMEX pull)04/01/2013:675 (CreditSecure FAKOS) 5/14/2013 EX:726 EQ:701 TU:730 TU(Walmart):699
Barclay Rewards:5k/Cap1:$3.5k/Cap1:$2.5k/Citi TYP:2k/Freedom:$5k/Slate:3k/Marriott visa sig 5k/BCE:$1k/Zync: $500 PSL/Discover IT:$1.9k/Walmart:$8k/Chevron:$5k/Gap:$5k/Kay:$3.4kk



Super Contributor
CS800
Posts: 6,550
Registered: ‎04-07-2008
0

Re: Amex Zync Reporting


kobe2012 wrote:

Is it good to have Amex on your credit reports?? and also I was wondering Zync reports on all three bureaus.... would it increase/decrease my score once it starts reporting???


Having an AMEX might help you when other creditors see it again I stress it 'might'

 

My Zync reports to all 3

 

Score decrease is a YMMV (your mileage may vary) situation. An inq, a new account (reduced AAoA) can reduce your score. In the case of the Zync, it has no CL associated with it so your util % doesn't change. If it did have a CL to it, that might lower your total util and might have gotten you some boost. I use 'might' a lot becasue everyone's category is different.

 

I added 4 cards all with CL and my scores didn't move much at all. On my 5th card I dropped over 16 points but gained 21 back after 4 months.

 





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