Credit Card Center Advertiser Disclosure†
07-23-2007 01:18 PM
07-23-2007 01:36 PM
07-23-2007 07:53 PM
07-23-2007 10:06 PM
Can you list all of your CCs CLs and balances? Do you know your FICO scores? And how many inqs you have on each credit report?
roscoe wrote:I want to thank all of you for your help so far. Now I've come up against more frustration. I'm canceling one card and replaced it with another. The new card has a lower limit than the one I'm replacing so I asked to increase the new card limit. I was told they would increase it but they want to pull my credit report again even tho they just checked it to give me the new card! I wanted to increase the limit to increase my score but my score will go down if they check my report. Any thoughts?
07-23-2007 10:18 PM
07-23-2007 10:45 PM
This 802 score, is it a FICO score and which CRA? Just curious, nice score! If you pay off the CAP1 I don't see any problems. Just remember closed CC TLs (tradelines) with zero balances do not factor in util% calculations. FYI, for max FICO points it's best to have 1-9% util of total CL (credit limit) on all CCs reporting on your CRs (credit reports). Also, it's common for your FICO scores to get dinged with a new inq and new account especially for folks with high scores. If you need a bigger CL then go for it, your score alone should get you the financing required to purchase the Dow Jones Industrial!
roscoe wrote:My credit score was 802, after applying for the new card it's 794. Don't know my other ones right now.My limits are:Macy's $8,000-0 balanceCapital one $6,000-$600 balance which will be paid off. I always pay the balance when it's due and then I'll cancel this one.Home depot $4500-0 balance. this is the new card.Marybeth
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† 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.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
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.