09-10-2012 04:20 PM
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!!
09-10-2012 04:30 PM
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.
09-10-2012 04:31 PM
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
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
09-10-2012 04:32 PM
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 THANKS!
09-10-2012 04:33 PM
@jsu...double utilization, me likey!! thank you! see this is why i love this forum
09-10-2012 04:35 PM
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.
09-10-2012 04:56 PM
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.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). 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.