10-01-2009 05:06 PM
10-01-2009 05:29 PM
10-02-2009 12:32 AM
10-02-2009 02:13 AM
I pulled my TU expecting it to take a hit from the two new cards being added. But was pleasantly surprised to see the it had gone up 15 points. What would make that happen? One card was a Best Buy store card (370/3600) and the other was a Amex gold. Does having the Amex charge card help scoring? Also just to let any one know that gets a Best Buy card ask for cli on activation. They only gave me 600 more but i will take it. Thanks
I just picked up 43k in 3 new credit cards. It would be sweet if that happens to me too.
10-02-2009 09:46 AM
10-02-2009 09:47 AM
You may see a FICO increase when new cards begin to report if you:
1) Have a very low number of reporting revolving TL's (up to three or so), or
2) Carry revolving balances and thereby reduce your UTIL %.
10-02-2009 09:50 AM
Thanks... My utilization went from 9% down to 8%. Is that what did it a 1% change gave me 15 points?
That's part of the 15 points, but maybe not all. The rest could have been achieved by things aging.
Do you have any derog's on your CBR's?
10-02-2009 10:59 AM
10-02-2009 11:05 AM
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.