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Valued Member
Posts: 47
Registered: ‎07-06-2012
0

Equifax not growing for some reason

[ Edited ]

Fico Equifax 659

Fico TU 694

Fico EX 760

 

Chase Sapphire Prefered $8000

Chase Freedom $2500

Discover $3000

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! 

BARCLAY FICO: 782 12/12/14
DISCOVER FICO: 783 12/12/14
Usbank Cash+ $25,000 |Chase Freedom $23,700 |Chase Ink Plus $22,500 |Amex TrueEarnings $20,000 | Citi DoubleCash $16,500 |PenFed Cash Rewards $16,000 |Discover IT $16,000 |SallieMae $12,500 |Citi Forward $8,000 |Quicksilver $4,200 |StateFarm CC $4,000
Start of Gardening 12/13/14
Senior Contributor
Posts: 6,028
Registered: ‎04-30-2013
0

Re: Equifax not growing for some reason

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. 

NFCU nRewards $25,000 I AMEX SPG $23,000 I Chase Sapphire Preferred $17,500 I Discover IT $12,000 I J.P. Morgan Ritz-Carlton $11,000
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Frequent Contributor
Posts: 364
Registered: ‎04-28-2012
0

Re: Equifax not growing for some reason

Equifax is my lowest score too - it hardly ever budges. And there are only 2 inquiries on it from the past year, too! It's my cleanest report. I'm hoping I get a score boost in October when those inquiries hit a year old, but I'm not going to hold my breath.
TU: 760 (4/13/16) | EQ: 758 (6/1/15) | EX: 768 (2/17/16)

Cap1 Quicksilver, $4,750 (4/2012); Discover IT, $28,000 (10/2012); Chase Amazon Rewards, $14,600 (10/2012); AMEX Hilton HHonors, $15,000 (11/2012); AMEX Blue Cash Everyday, $15,000 (01/2013); Barclaycard Arrival+, $10,000 (07/2013)
Senior Contributor
Posts: 6,028
Registered: ‎04-30-2013
0

RE:

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

NFCU nRewards $25,000 I AMEX SPG $23,000 I Chase Sapphire Preferred $17,500 I Discover IT $12,000 I J.P. Morgan Ritz-Carlton $11,000
Valued Member
Posts: 47
Registered: ‎07-06-2012
0

Re: Equifax not growing for some reason

what is AAoA?

BARCLAY FICO: 782 12/12/14
DISCOVER FICO: 783 12/12/14
Usbank Cash+ $25,000 |Chase Freedom $23,700 |Chase Ink Plus $22,500 |Amex TrueEarnings $20,000 | Citi DoubleCash $16,500 |PenFed Cash Rewards $16,000 |Discover IT $16,000 |SallieMae $12,500 |Citi Forward $8,000 |Quicksilver $4,200 |StateFarm CC $4,000
Start of Gardening 12/13/14
Moderator Emerita
Posts: 27,204
Registered: ‎09-13-2012
0

Re: Equifax not growing for some reason

Community Leader
Senior Contributor
Posts: 30,749
Registered: ‎02-07-2013
0

Re: Equifax not growing for some reason

OP 

I feel your pain with EQ ....ugh end of rantSmiley Sad

Time heals all tho

 

 

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Valued Contributor
Posts: 1,715
Registered: ‎03-07-2013
0

Re: Equifax not growing for some reason

i'd rather have it stay put that move drastically down...lol...don't worry tho, i'm sure in due time itll move Smiley Happy



GARDEN GOAL: MARCH 2014
LAST APP: 08/20/2013
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