07-28-2013 02:18 AM - edited 07-30-2013 11:35 PM
Fico Equifax 659
Fico TU 694
Fico EX 760
Chase Sapphire Prefered $8000
Chase Freedom $2500
CapitalOne QuicksilverOne $2000 (Oldest/first card 06/2012) Upgraded from CapitalOne Cash Rewards
I'm currently 20 and fairly new to credit. I've used under 30% on all my cards for the past few months. Equifax actually dropped 15 points because said my capitalone has balance increased, but although it did, the amount was still under 30% of 2k. My ultimate goal is to qualify for PenFed Platinum Cash Rewards Visa® Card. I currently do have a saving and a checking with penfed for about a year now. They declined all my application since they said I have very limited credit history, even the visa starter; the one that requires deposit to use. Anyway you guys can recommend me to raise my Equifax score? Seems like Penfed pull Equifax since all my rejected applications came back with Equifax being too low. Thank you very much!
07-28-2013 02:46 AM
Equifax is always the CRA that grows the slowest for me. Do you have any baddies? If you do not have any baddies and your utilization is low, you may just need to let your accounts age. I see your first/oldest card is from 06/2012 which is not that old at all. Your best bet may be to let your AAoA grow. With every new account, your AAoA gets newer and newer. Im guessing if you garden for a year you should be good to go.
07-28-2013 03:27 AM
07-28-2013 03:48 AM
EQ can be pretty frustrating. The nice thing is that if EQ raises a few points then I get excited to see my TU and EX because that means they changed a substantial amount, haha.
There is always a silver lining
07-30-2013 11:34 PM
what is AAoA?
07-30-2013 11:37 PM
I feel your pain with EQ ....ugh end of rant
Time heals all tho
07-31-2013 12:41 AM
i'd rather have it stay put that move drastically down...lol...don't worry tho, i'm sure in due time itll move
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.
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.