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DCU Equifax FICO® Scores - June 2012

[ Edited ]

Scores are out, check your inboxes Smiley Happy Up 9 points for me. 

 

 

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Re: DCU Equifax FICO® Scores - June 2012

[ Edited ]

Oi, last Friday of the month, thanks for reminding me!

 

HAHAHA, The Streak continues!  This just made my day.  Felt certain this was the month I was going to get whacked for my utilization compared to the astonishing power of thin-file rebuilding. Smiley Wink  Good grief I probably will hit 640 in July since my balances have been airstruck.

 

12/11: 561

1/12: 571

2/12: 595

3/12: 608

4/12: 617 (27% utilization)

5/12: 619 (49% utilization)

6/12: 631 (61% utilization)

 

Edit: going to have to do some analysis, know that a bunch of things reached sixth payment reported this month, seasoning ftw?

Starting Score: EQ 5 561, TU 98 567, EX 2 599 (12/30/11)
Current Score: EQ 5 771, TU 4 758, EX 2 758, EQ 8 795, TU 8 762, EX 8 786 (7/28/17)
Goal Score:    EQ 5 750, TU 4 750, EX 2 750, EQ 8 800, TU 8 Blah, EX 8 800 (01/01/18)


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Re: DCU Equifax FICO® Scores - June 2012


Revelate wrote:

Oi, last Friday of the month, thanks for reminding me!

 

HAHAHA, The Streak continues!  This just made my day.  Felt certain this was the month I was going to get whacked for my utilization compared to the astonishing power of thin-file rebuilding. Smiley Wink  Good grief I probably will hit 640 in July since my balances have been airstruck.

 

12/11: 561

1/12: 571

2/12: 595

3/12: 608

4/12: 617 (27% utilization)

5/12: 619 (49% utilization)

6/12: 631 (61% utilization)

 

Edit: going to have to do some analysis, know that a bunch of things reached sixth payment reported this month, seasoning ftw?


what did you mean by this??  I have clean EQ  710 and TR 715 I have one cc for eight months In process of leasing auto  What else can I do. Also afraid to app for new cc until I have auto


Starting Score: 0
Current Score: TR??FICOEQ ?? FICO
Goal Score: 760

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Re: DCU Equifax FICO® Scores - June 2012

[ Edited ]

annielorie wrote:

Revelate wrote:

Oi, last Friday of the month, thanks for reminding me!

 

HAHAHA, The Streak continues!  This just made my day.  Felt certain this was the month I was going to get whacked for my utilization compared to the astonishing power of thin-file rebuilding. Smiley Wink  Good grief I probably will hit 640 in July since my balances have been airstruck.

 

<snip>


what did you mean by this??  I have clean EQ  710 and TR 715 I have one cc for eight months In process of leasing auto  What else can I do. Also afraid to app for new cc until I have auto


Thin file = no credit history.

 

I wasn't quite this, but I definitely had a "thinnish" file: no open tradelines, one credit card ever on the report tainted by a few lates, and a few stupid derogs (CA state tax lien and a silly collection on EQ specifically).  Not much positive history to go on... arguably none.

 

Building new credit effectively (or at least positive credit) I simply opened a whole slew of accounts in Dec/Jan and they're all aging nicely together.  Having not much data on record, and getting a bunch of new positive accounts, does dramatic things to one's FICO score.  6 months from a 561 to a 631, and that 631 has an asterisk by it with a 61% utilization is probably around a 640-650 with low balances, and that's mortgage qualifable.  Also that's with none of the negatives coming off the report, wish I'd known about PFD but I paid it before I found this forum.

 

This is compared to the people with a bunch of negative history, that are now trying to repair/rebuild: assuming they can't get the negatives removed, it's definitely a longer process to get that sort of improvement.

 

It's no different than the 20 year old students (though I don't fall into that category, it's an example) who opened up two student cards a year earlier, never made a late payment, and now they're sitting at a 720-740 FICO.  No, that score is not as good as someone with longer history, and more tradelines from an underwriting perspective, but FICO doesn't make that distinction. 

 

Anyway July is probably the last month of increases until I get my tradelines to the 1 year mark I'm guessing, but I'm OK with that.

Starting Score: EQ 5 561, TU 98 567, EX 2 599 (12/30/11)
Current Score: EQ 5 771, TU 4 758, EX 2 758, EQ 8 795, TU 8 762, EX 8 786 (7/28/17)
Goal Score:    EQ 5 750, TU 4 750, EX 2 750, EQ 8 800, TU 8 Blah, EX 8 800 (01/01/18)


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Re: DCU Equifax FICO® Scores - June 2012


annielorie wrote:

what did you mean by this??  I have clean EQ  710 and TR 715 I have one cc for eight months In process of leasing auto  What else can I do. Also afraid to app for new cc until I have auto



Ugh sorry annie, I didn't even answer your question.  Get the car first, then go open up another credit card and you'll be fine.

Starting Score: EQ 5 561, TU 98 567, EX 2 599 (12/30/11)
Current Score: EQ 5 771, TU 4 758, EX 2 758, EQ 8 795, TU 8 762, EX 8 786 (7/28/17)
Goal Score:    EQ 5 750, TU 4 750, EX 2 750, EQ 8 800, TU 8 Blah, EX 8 800 (01/01/18)


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Re: DCU Equifax FICO® Scores - June 2012

This may be a dumb question but what signifigance does the last Friday of the month hold? is this when most payments get reported? I assumed they were all different...

 

Jeff



Starting Score: EQ 609 EX 570 TU 656 March 2012 CH 7 BK 12/08
Current Score: EQ 691 EX 694 TU 713
Goal Score: all 3 700's.
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Re: DCU Equifax FICO® Scores - June 2012


jeffg330 wrote:

This may be a dumb question but what signifigance does the last Friday of the month hold? is this when most payments get reported? I assumed they were all different...

 

Jeff


None, it's just the arbitrary date that was picked.  

Starting Score: EQ 5 561, TU 98 567, EX 2 599 (12/30/11)
Current Score: EQ 5 771, TU 4 758, EX 2 758, EQ 8 795, TU 8 762, EX 8 786 (7/28/17)
Goal Score:    EQ 5 750, TU 4 750, EX 2 750, EQ 8 800, TU 8 Blah, EX 8 800 (01/01/18)


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Re: DCU Equifax FICO® Scores - June 2012

Thanks Revelate. The Kia dealer pulled a 736 TU Fico will be pulling EX monday no idea what that score is all clean except for five year old judgement. Im trying to sign and drive. I know but Ive got big ones!!LOL Smiley TongueDying to get at least two cards Ive been extremely disciplined, now I hope it pays off!!!


Starting Score: 0
Current Score: TR??FICOEQ ?? FICO
Goal Score: 760

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