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?
07-31-2013 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
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