07-30-2008 07:55 AM
CU's are greatFICO de-duplicates INQ's with the same lender in scoring. It does not look bad if you have corrected the reasons for the intial denial.
Can you please verify, point to where this is documented? I just read everything on myFico regarding INQs and they mention shopping periods and such, but it is always as INQs for Auto and Mortgage relate to your FICO score. They never once mention de-duping a CC INQ from the same lender.
07-30-2008 08:24 AM
You need to keep your balances down. Is your balance at least 30% of your limit. If not pay it down.
Also, Your scores are based on info reported specifically on accounts you've had for the last 24 months.
This change has not gone into effect yet for th emost part, and it will be a while before it is widely implemented by lenders. Do a search for the term "FICO 08" for lots of good information on this topic.
Also, authorized users are no longer getting points for those accounts. A recent fico change. (I read)
07-30-2008 09:15 AM
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). 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.