cancel
Showing results for 
Search instead for 
Did you mean: 

Took a big hit

tag
lctachell
Valued Member

Took a big hit

All three CRA took a 50+ hit and it sucks.

I know why though, two new car loans, moved residency, and had to use some of my cc. Now the long road back up.
Message 1 of 3
2 REPLIES 2
cdtotten
Established Contributor

Re: Took a big hit

The good news is that utilization you can fix quickly with no history to hurt you. The new accounts will get better with time, so just hang in there.


Starting Score: 627 EQ, 621 TU - 11/15/08
Current Score: 778 EQ, 781 TU, 778 EXP 07/20/12 Lender Pull
Goal Score: 800 EQ & TU


Take the FICO Fitness Challenge
Message 2 of 3
EW800
Valued Contributor

Re: Took a big hit

I agree with cdtotten.  The good news is that these are issues that can be corrected easily.  Thankfully it is not issues like a late pay or other baddie that can spank you for 7 years.  Get the utilizaation down and let the car loans age with good history and you would should be good.  Smiley Happy

 

 

Year 2012: All Scores in the 520 range, during a foreclosure, CC Settlement and high UTIL. Very ugly days...
April 2024: EX8: 840; EQ8: 832; TU8: 842 -- Middle Mortgage Score: 822
In My Wallet: Discover $73.7K; Cap1 Venture $51.7K; Amex ED $38K; Amex Optima $2.5K; Amex Delta Gold $18K; Citi Costco $24.5K; Cap1 Plat $8.4K; Barclay $7K; Chase Amazon $6K; BoA Plat $21.6K; Citi TY Pref $22K; US Bank $4K; Dell $5K; Care Credit $6.5K. Total Revolving CL: $300K+
My UTIL: Less than 1% - Only allow about $20 a month to report, on one account. .
Message 3 of 3
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.