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06-30-2013 05:12 PM
I received a SW alert today. I was expecting it -- the card that my daughter uses as an AU posted a $5 balance this month, as opposed to a $0 balance last month. This means that I have two cards reporting a balance, with the others all $0, and it triggered the FICO algorithm to drop my EQ score by 5 points. It's not a big deal, as my scores are still reasonably good. But after working so hard to improve my scores, it I hate to see my scores drop at all, for emotional rather than practical reasons. Ah well... life goes on.
All in all, things are going very well in the garden. No app itches, and I'm quite happy with what I have. I'm keeping my eyes focused on picking up my gold spade in a couple of months.
The scores should bounce back quickly.
06-30-2013 05:16 PM
These are my last few days in the garden as I'll be going on an app spree in a few days. I'll be back right afterward, only to leave again in August or September for a car loan.
Too bad I missed the party Friday nite to go out with a bang.
I suppose we can let you have a one day pass, but hurry back.
06-30-2013 05:19 PM
Checking into the Garden for July. Haven't decided how long it'll be but probably around a year. Not looking forward to seeing my score drop when my 2 new car loans hit and 3 new CC's considering my AAoA has always been the weakest part of my CR.
In due time, your scores will recover and improve. As long as you spend an adequate amount of time in the garden.
06-30-2013 05:21 PM
I'm in but unsure if for entire month. I'm due to pick up GOLD on the 19th but there are a few cards I may app for. In preperation of apping I've been paying down balances. I picked up a 17 point boost for taking a chunk out of my Discover IT balance, followed by a 25 point boost for paying off my BOA card. Also my fourth Amazon statement will kick on the 5th even though I've had the card for nearly six months (don't use every month) so I'll be calling in for CLI.
Nice job on boosting your scores. Hope you stay for the gold.