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@dddfresh wrote:
Hey! On my fako exp report, it says one of the things hurting my score is the fact that my average credit cards are under $2000 limit and that makes it harder for lenders to trust me and extend more credit.
With my recent 12.5k Nfcu flagship card set to report soon, this will average my credit limit to over 2k per card if I add up my total credit limits and divide by the number of cards I have. Its around $2500 I believe.
Will this give my scores an increase? Thanks for your help!
Your FICO score does not care what the average CL is. Larger CL may help get other Large CL but it does not change your score.
The new card may improve your utilization, if it does, it can help your score, but new card and lower AAoA might lower it for awhile.
@dddfresh wrote:
Hey! On my fako exp report, it says one of the things hurting my score is the fact that my average credit cards are under $2000 limit and that makes it harder for lenders to trust me and extend more credit.
With my recent 12.5k Nfcu flagship card set to report soon, this will average my credit limit to over 2k per card if I add up my total credit limits and divide by the number of cards I have. Its around $2500 I believe.
Will this give my scores an increase? Thanks for your help!
FAKO score monitoring services give FAKO advice. It is worthless. Only follow advice found on a FICO credit report from here. The FAKO monitoring services reports are really only good for seeing live report changes.
Yea totally FAKO. I have seen that on mine as well last year and discussed it here as well. You are getting the same answers I got and it is clear as day now for me. So don't worry about it, it means nothing.
Yes there is, but EX has not allowed their FICO scores to be sold since Valentine's day 2009.