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Regular Contributor
mikey78
Posts: 736
Registered: ‎07-22-2013
0

My Fico Drops to 715 after 1 day at 720

the change or alert says that my paypal account has decreased by $32 down to 0
and yet my fico dropped


Current score TU 708, EX 686 EQ 715
Status I.T.Garden Till 08/2014
Contributor
bman86
Posts: 175
Registered: ‎06-28-2013
0

Re: My Fico Drops to 715 after 1 day at 720

Are your other cards reporting a $0 balance as well?


Starting Score: 620
Current Score: EQ: 723 TU: 714 EX: 759 (Amex 6/28)
Goal Score: 750
Regular Contributor
mikey78
Posts: 736
Registered: ‎07-22-2013
0

Re: My Fico Drops to 715 after 1 day at 720


bman86 wrote:

Are your other cards reporting a $0 balance as well?


my capital one credit card hasn't updated the report which stands at 524.00 my current balance on it 96
Bank of america stands at 276 should be going up soon i have 310 balance on it out of 5000 CL
gap store is at 74.00


Current score TU 708, EX 686 EQ 715
Status I.T.Garden Till 08/2014
Frequent Contributor
Odiseous
Posts: 289
Registered: ‎03-08-2011
0

Re: My Fico Drops to 715 after 1 day at 720


bman86 wrote:

Are your other cards reporting a $0 balance as well?


^  if your report doesn't at least *a* balance reporting, you'll get dinged. 

TU98 751, EQ 766, EX 766 (Lender)

If at first you don't succeed; Garden for 6 months, then try again.

Work the system. Don't let the system work you.
Community Leader
Senior Contributor
myjourney
Posts: 26,659
Registered: ‎02-07-2013
0

Re: My Fico Drops to 715 after 1 day at 720


mikey78 wrote:

the change or alert says that my paypal account has decreased by $32 down to 0
and yet my fico dropped


Do you have any new TL's or INQ's?

"Intelligence plus character--that is the goal of true education"
Last 5 apps 6/6/13


Regular Contributor
mikey78
Posts: 736
Registered: ‎07-22-2013
0

Re: My Fico Drops to 715 after 1 day at 720

I have alot of inquiries  within the past month
I got 4 new cards in that one month but i been seeing higher credit score with addition of each
but right now i only see Bofa cash reward on my credit report

I just got my chase freedom and activated today
last night i had CLI on my paypal smart connect from 500 to 1000
I'm not seeing Discover IT on my report yet

today my Revolving accounts  5 Credit  Balance 874 Available 8276 total credit limit 9150 debt to credit ratio 10%
yesterday my balance was 906


Current score TU 708, EX 686 EQ 715
Status I.T.Garden Till 08/2014
Community Leader
Senior Contributor
myjourney
Posts: 26,659
Registered: ‎02-07-2013
0

Re: My Fico Drops to 715 after 1 day at 720


mikey78 wrote:

I have alot of inquiries  within the past month
I got 4 new cards in that one month but i been seeing higher credit score with addition of each
but right now i only see Bofa cash reward on my credit report

I just got my chase freedom and activated today
last night i had CLI on my paypal smart connect from 500 to 1000
I'm not seeing Discover IT on my report yet

today my Revolving accounts  5 Credit  Balance 874 Available 8276 total credit limit 9150 debt to credit ratio 10%
yesterday my balance was 906


Bingo I thought so just by the number -5 drop sorry to say more to come but the goods news if I remember is you were approved for all 

"Intelligence plus character--that is the goal of true education"
Last 5 apps 6/6/13


Regular Contributor
mikey78
Posts: 736
Registered: ‎07-22-2013
0

Re: My Fico Drops to 715 after 1 day at 720

I had another HP from Chase when i requested that they up my CL when i call to activate it 

and also not sure if paypal does HP for upping my CL to 1000 from 500
also I have sent a CLI request on bofa from 5000 to 10k they haven't responded yet but i'm sure they will do a HP

so question if i continue to make payments and keep my deb to credit ratio to 10 to 15 % my fico will go back up? and hopefully i can get into the 750 Fico Score excellent credit ?

i will probably reapply in a year or two for the Blue Cash rewards (been declined on the recon)

thank you for the help


myjourney wrote:

mikey78 wrote:

I have alot of inquiries  within the past month
I got 4 new cards in that one month but i been seeing higher credit score with addition of each
but right now i only see Bofa cash reward on my credit report

I just got my chase freedom and activated today
last night i had CLI on my paypal smart connect from 500 to 1000
I'm not seeing Discover IT on my report yet

today my Revolving accounts  5 Credit  Balance 874 Available 8276 total credit limit 9150 debt to credit ratio 10%
yesterday my balance was 906


Bingo I thought so just by the number -5 drop sorry to say more to come but the goods news if I remember is you were approved for all 





Current score TU 708, EX 686 EQ 715
Status I.T.Garden Till 08/2014
Community Leader
Senior Contributor
myjourney
Posts: 26,659
Registered: ‎02-07-2013
0

Re: My Fico Drops to 715 after 1 day at 720


mikey78 wrote:

I had another HP from Chase when i requested that they up my CL when i call to activate it 

and also not sure if paypal does HP for upping my CL to 1000 from 500
also I have sent a CLI request on bofa from 5000 to 10k they haven't responded yet but i'm sure they will do a HP

so question if i continue to make payments and keep my deb to credit ratio to 10 to 15 % my fico will go back up? Yes scores will go back up you may see another drop when cards report tho....but you will recover nicely...and hopefully i can get into the 750 Fico Score excellent credit ?

i will probably reapply in a year or two for the Blue Cash rewards (been declined on the recon)

thank you for the help


myjourney wrote:

mikey78 wrote:

I have alot of inquiries  within the past month
I got 4 new cards in that one month but i been seeing higher credit score with addition of each
but right now i only see Bofa cash reward on my credit report

I just got my chase freedom and activated today
last night i had CLI on my paypal smart connect from 500 to 1000
I'm not seeing Discover IT on my report yet

today my Revolving accounts  5 Credit  Balance 874 Available 8276 total credit limit 9150 debt to credit ratio 10%
yesterday my balance was 906


Bingo I thought so just by the number -5 drop sorry to say more to come but the goods news if I remember is you were approved for all 





 

"Intelligence plus character--that is the goal of true education"
Last 5 apps 6/6/13


Frequent Contributor
USF813
Posts: 360
Registered: ‎06-04-2013
0

Re: My Fico Drops to 715 after 1 day at 720

I feel your pain. My EQ score dropped 15 points after an inquiry followed by a new best buy account reported. Balances on my other two cards = 0. Back in the garden I go.
Chapter 7BK: 06/2009
FICO EQ: 693 (5/23/14)
FICO TU: 673 (Barclays TU 9/30/14)
FICO EX: 667 (as of 5/23/14)
NFCU GoRewards $7.5k, Barclays US Airways $5k, Chase IHG $2k, DCCU Visa $1.5k.


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