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Moderator Emeritus
Posts: 16,379
Registered: ‎03-12-2007
0

New Joint Account On EX CR, Only 3 Points Gained

I have heard of folks adding AU accounts to their files and once it reports, they might see 60 or more point increases in their FICO scores. Amazing! I applied for joint status on my DW's Chase Plat Visa with a 14 YEAR HISTORY, $19,300 CL, balance $2,056 (11% util, latest payment not reflected) and never a late payment; PERFECT HISTORY. EX is fast to report the good, the bad and anything in between. Soooooo, my FICO EX reports this new AND beautiful TL and says CONGRATS!, we have increased your score by 3 points. WOW!
 
Recapping, someone adding an AU account to their file, can be rewarded (yeah, nice reward) 60 points or more. Adding a joint account with a BIG CL, low util, and PERFECT 14 year payment history, 3 point gain. Hardly Priceless! FICO gamed me, FICO got Game!Smiley Happy
 
Signed,
 
drowning in the B+ pool with MidnightVoiceSmiley Sad
 
 
Credit Profile -
FICO 08 Scores (03-26-2015): EQ 814, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26 years ~ AAoA: 13 years ~ Util: 1% ~ Inqs: EX 1, EQ 1

Credit Cards: Amex BCP ~ Amex Clear ~ Amex Platinum ~ Barclay Ring Mastercard ~ Chase Freedom Visa ~ CITI Dividend Platinum World Mastercard ~ FIA Fidelity Investment Platinum Visa ~ First Hawaiian Bank Gold Visa
Super Contributor
Posts: 8,195
Registered: ‎03-25-2007
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Re: New Joint Account On EX CR, Only 3 Points Gained



fused111 wrote:
Signed,
 
drowning in the B+ pool with MidnightVoiceSmiley Sad


If you are talking EX, it is more the boiling oil pool in the lowest level of that hot place doen below  Smiley Very Happy
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Moderator Emeritus
Posts: 16,379
Registered: ‎03-12-2007
0

Re: New Joint Account On EX CR, Only 3 Points Gained



MidnightVoice wrote:


fused111 wrote:
Signed,
 
drowning in the B+ pool with MidnightVoiceSmiley Sad


If you are talking EX, it is more the boiling oil pool in the lowest level of that hot place doen below  Smiley Very Happy


Forget that it's EX, tell me you're not surpirsed! I can't wait to see how EQ and TU will score out. I better get my MOV and ITS letters to EX but this is off topic.
Credit Profile -
FICO 08 Scores (03-26-2015): EQ 814, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26 years ~ AAoA: 13 years ~ Util: 1% ~ Inqs: EX 1, EQ 1

Credit Cards: Amex BCP ~ Amex Clear ~ Amex Platinum ~ Barclay Ring Mastercard ~ Chase Freedom Visa ~ CITI Dividend Platinum World Mastercard ~ FIA Fidelity Investment Platinum Visa ~ First Hawaiian Bank Gold Visa
Moderator Emeritus
Posts: 16,379
Registered: ‎03-12-2007
0

Re: New Joint Account On EX CR, Only 3 Points Gained

Ok, so FICO up 3, TC EX FAKO up 33!Smiley Mad
Credit Profile -
FICO 08 Scores (03-26-2015): EQ 814, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26 years ~ AAoA: 13 years ~ Util: 1% ~ Inqs: EX 1, EQ 1

Credit Cards: Amex BCP ~ Amex Clear ~ Amex Platinum ~ Barclay Ring Mastercard ~ Chase Freedom Visa ~ CITI Dividend Platinum World Mastercard ~ FIA Fidelity Investment Platinum Visa ~ First Hawaiian Bank Gold Visa
Frequent Contributor
Posts: 342
Registered: ‎06-16-2007
0

Re: New Joint Account On EX CR, Only 3 Points Gained

Good to know, I was considering trying to be made a joint on an account that has a very low CL, but a perfect payment history for the last 17 years. At the very least it'd boost the avg age of my accounts a little bit, as well as the overall age of my file.
Moderator Emeritus
Posts: 16,379
Registered: ‎03-12-2007
0

Re: New Joint Account On EX CR, Only 3 Points Gained

I don't get it, an AU TL increasing scores upwards of 60 points and I have a kick butt TL just added and only 3 points...hmmmmmmmmm Enough of my rants already!
Credit Profile -
FICO 08 Scores (03-26-2015): EQ 814, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26 years ~ AAoA: 13 years ~ Util: 1% ~ Inqs: EX 1, EQ 1

Credit Cards: Amex BCP ~ Amex Clear ~ Amex Platinum ~ Barclay Ring Mastercard ~ Chase Freedom Visa ~ CITI Dividend Platinum World Mastercard ~ FIA Fidelity Investment Platinum Visa ~ First Hawaiian Bank Gold Visa
Super Contributor
Posts: 8,195
Registered: ‎03-25-2007
0

Re: New Joint Account On EX CR, Only 3 Points Gained

I am converting everything to joint where I can, for age more than anything
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
New Contributor
Posts: 62
Registered: ‎04-19-2007
0

Re: New Joint Account On EX CR, Only 3 Points Gained

I had the same thing happen,  I became a joint account holder 15cl,  1k balance,  perfect payment 8 year history,  and EQ didn't move,  TU&EX about 60pts.
Moderator Emeritus
Posts: 16,379
Registered: ‎03-12-2007
0

Re: New Joint Account On EX CR, Only 3 Points Gained



MidnightVoice wrote:
I am converting everything to joint where I can, for age more than anything



That is why I applied! I figured an account with a 14 year history, very high CL, low util and a perfect payment history reporting on my EX CR would net more than 3 points. Wouldn't you agree?
Credit Profile -
FICO 08 Scores (03-26-2015): EQ 814, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26 years ~ AAoA: 13 years ~ Util: 1% ~ Inqs: EX 1, EQ 1

Credit Cards: Amex BCP ~ Amex Clear ~ Amex Platinum ~ Barclay Ring Mastercard ~ Chase Freedom Visa ~ CITI Dividend Platinum World Mastercard ~ FIA Fidelity Investment Platinum Visa ~ First Hawaiian Bank Gold Visa
Frequent Contributor
Posts: 436
Registered: ‎06-15-2007
0

Re: New Joint Account On EX CR, Only 3 Points Gained

Did you have any recent inquiries or any other account information change? It is possible that any new inquiries might have tanked the positive TL.
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