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Regular Contributor
beautybrainsbooty
Posts: 212
Registered: ‎08-02-2012

walmart card hit report...TWICE??? Drop 7 points..

Ok, my EQ was up to 695 I could taste the 700!! Then I look today and my walmart hit my CR reporting a balance of $160, instant drop to 688. Its a new card, I had no idea it would post the balance within days of using the card. Anyway water under the bridge, I paid it off in full. What do I do about the two new accounts-absolutely the same reporting? Or let it fix itself next walmart update?? Please advise and thanks!! :smileywink:

started mid 500's. Disputed incorrect items and within a month or two my scores have skyrocketed and continue to do so
EQ: 755 as of 8/2013
TU: 700
Experian(or as I call them, the devil) I have no clue, they haven't released my report
Goal=801 across the board!!! Not too far from this, hoping to garden until Christmas 2013
Valued Contributor
jamesdwi
Posts: 1,421
Registered: ‎09-16-2011

Re: walmart card hit report...TWICE??? Drop 7 points..

Off to the garden, let the seedlings grow and your score recovers, my score went from 720 to 685 because of a few new cards and higher UTL reporting.  In a few months the score will begin its slow rise again and you will be back and on your way to 700's again. 

 

 

Cards: Chase Southwest 20k & CSP 10k & Amtrak 4.6k, & Freedom 3.3k & Slate 3.3k, FNBO DISC 14.9k Oregon Duck 5k, & AMEX BCP 15k & AMEX Hilton Surpass 7.5k & AMEX Zync NPSL, Sams Club Discover 10k, Paypal Extras MC 6k, CapOne 2.5k, CapOne 750, Amazon 3.9k, Walmart 4.5k, Citi Simplicity 7k, HHonors Gold 1k (moved 5k CL to Simplicity), Discover IT 6.5k and a nice stack of store cards.
Last APP 4/26//2014 no plans for new credit I think I have enough.
Valued Contributor
jsucool76
Posts: 2,770
Registered: ‎12-11-2011

Re: walmart card hit report...TWICE??? Drop 7 points..

Not sure about the double account, but my walmart card updated like 3 days after I made a purchase of like $150 dollars which was kinda annoying, my uti only went up like 1% but I'm worried it might do it again when I make a larger purchase sometime :smileytongue: 

 

The double account will either fix itself, or you can call to fix it, or you can sit back and enjoy a free $X.XX in available credit to be factored into your utilization :smileytongue: 

Wallet: Capital One Cash Rewards 3500CL, Wells Fargo Cash Back College Visa: 900CL, Paypal Smart Connect: 1286CL, Walmart Discover: 2000CL, UPromise Mastercard: 1000CL, Chase Slate: 500CL, Discover IT: 2000CL, Citi Forward: 1500CL, Bank Of America Student Travel Rewards: 700CL
Regular Contributor
beautybrainsbooty
Posts: 212
Registered: ‎08-02-2012

Re: walmart card hit report...TWICE??? Drop 7 points..

jamesdwi....interesting handle :smileywink:

 

thank you SO much. I nearly had a freaking heart attack at the score drop. But ok, I need to garden and relax.  Breathe in and out...ok I got this :smileywink:  THANKS!

started mid 500's. Disputed incorrect items and within a month or two my scores have skyrocketed and continue to do so
EQ: 755 as of 8/2013
TU: 700
Experian(or as I call them, the devil) I have no clue, they haven't released my report
Goal=801 across the board!!! Not too far from this, hoping to garden until Christmas 2013
Regular Contributor
beautybrainsbooty
Posts: 212
Registered: ‎08-02-2012

Re: walmart card hit report...TWICE??? Drop 7 points..

@jsu...double utilization, me likey!! thank you!  see this is why i love this forum :smileywink:

started mid 500's. Disputed incorrect items and within a month or two my scores have skyrocketed and continue to do so
EQ: 755 as of 8/2013
TU: 700
Experian(or as I call them, the devil) I have no clue, they haven't released my report
Goal=801 across the board!!! Not too far from this, hoping to garden until Christmas 2013
Valued Contributor
jamesdwi
Posts: 1,421
Registered: ‎09-16-2011

Re: walmart card hit report...TWICE??? Drop 7 points..

I think the double cards listed in the myfico alerts are a myfico software bug, I have been getting them also and have verified that only one card exists on my reports. 

 

 

Cards: Chase Southwest 20k & CSP 10k & Amtrak 4.6k, & Freedom 3.3k & Slate 3.3k, FNBO DISC 14.9k Oregon Duck 5k, & AMEX BCP 15k & AMEX Hilton Surpass 7.5k & AMEX Zync NPSL, Sams Club Discover 10k, Paypal Extras MC 6k, CapOne 2.5k, CapOne 750, Amazon 3.9k, Walmart 4.5k, Citi Simplicity 7k, HHonors Gold 1k (moved 5k CL to Simplicity), Discover IT 6.5k and a nice stack of store cards.
Last APP 4/26//2014 no plans for new credit I think I have enough.
Senior Contributor
bichonmom
Posts: 3,318
Registered: ‎05-05-2011

Re: walmart card hit report...TWICE??? Drop 7 points..

When I got my WM in Nov, it posted to my CR right away, too. I didn't even have time to pay before it posted. And they also reported a mid-cycle balance, which really irked me. They've only done it that one time. It seems they are eager to report new accts to the CRAs, incl anything that's charged on the acct when you first get the card.

 

Your score should rebound once it reports w/0 bal next month, though you could still lose a few pts for the hit to your AAoA and new acct. You'll only know after your statement reports next month.

 

 

~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*
EQ FICO 750 | TU FICO 761 (Walmart) | EX FAKO 767 | Goal: 800+

Edits, funky spacing and spelling due to my iPad not getting along with the forum editor!


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