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Frequent Contributor
Posts: 389
Registered: ‎04-19-2007
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What about us subprimers...

Eq 640 EX 646 tU 639 2 Paid co will drop 12/08 2 paid judge from 03 and 05 =$300 2 unpaid co from 03 = $185 Auto 12/05= $17000/$29000 Aspen cc 12/06= $1/$350 AF$89 Orchard 5/07= $79/$300 AF$49 CU loan 06/07= $1500/$1500 H Depot 06/07= $500/$1000 Carecredit5/07= $1000/$1000 Inquiries past 6 mths EQ 10 EX 3 TU 1 Can't seem to qualify for any cc with limits over $500, do I need to age the 2 cc I have first or is my credit just down right nasty? Do you have to own a home to qualify for the higher limits? Any suggestions? I think I have to many Inquiries to try for cc's. As you can see I only have 2 accts more then 6 mths old. E!
FICO's EQ 519 EX543 TU ? 8/2014
EQ 525 EX no score,,, TU ?11/2014
EQ 576 1/2015 EX 595 1/2015
I think I can!
Senior Contributor
Posts: 4,831
Registered: ‎04-20-2007
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Re: What about us subprimers...



Eric958 wrote:
Eq 640 EX 646 tU 639 2 Paid co will drop 12/08 2 paid judge from 03 and 05 =$300 2 unpaid co from 03 = $185 Auto 12/05= $17000/$29000 Aspen cc 12/06= $1/$350 AF$89 Orchard 5/07= $79/$300 AF$49 CU loan 06/07= $1500/$1500 H Depot 06/07= $500/$1000 Carecredit5/07= $1000/$1000 Inquiries past 6 mths EQ 10 EX 3 TU 1 Can't seem to qualify for any cc with limits over $500, do I need to age the 2 cc I have first or is my credit just down right nasty? Do you have to own a home to qualify for the higher limits? Any suggestions? I think I have to many Inquiries to try for cc's. As you can see I only have 2 accts more then 6 mths old. E!


Let the cake bake. You got a ton of EQ inquiries. Lucky you.
Established Contributor
Posts: 560
Registered: ‎05-03-2007
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Re: What about us subprimers...

i am going to call ex and tu to see if they will convert my inquiries to eq inquiries...
Frequent Contributor
Posts: 389
Registered: ‎04-19-2007
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Re: What about us subprimers...

Why do you say lucky you?
FICO's EQ 519 EX543 TU ? 8/2014
EQ 525 EX no score,,, TU ?11/2014
EQ 576 1/2015 EX 595 1/2015
I think I can!
Moderator Emeritus
Posts: 9,252
Registered: ‎03-19-2007
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Re: What about us subprimers...

Because none of us seem to get EQ inq's just EX.
 
It must have something to do with where you live.

Eric958 wrote:
Why do you say lucky you?


Frequent Contributor
Posts: 389
Registered: ‎04-19-2007
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Re: What about us subprimers...

Well I live in VA and it seems that's all they pull.
FICO's EQ 519 EX543 TU ? 8/2014
EQ 525 EX no score,,, TU ?11/2014
EQ 576 1/2015 EX 595 1/2015
I think I can!
Moderator Emeritus
Posts: 16,375
Registered: ‎03-12-2007
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Re: What about us subprimers...

For the last several weeks it has been rumored consumers with subprime CCs reporting on their CRs will see their FICO scores plummet once FICO'S new and improved scoring model debuts this September. JUST IN, THIS IS NOT GOING TO HAPPEN! So what will the new FICO scoring model do? Simply put, a better job of predicting subprime and prime risk than earlier versions of FICO scoring models. That's it!
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: 2,050
Registered: ‎04-17-2007
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Re: What about us subprimers...



fused111 wrote:
For the last several weeks it has been rumored consumers with subprime CCs reporting on their CRs will see their FICO scores plummet once FICO'S new and improved scoring model debuts this September. JUST IN, THIS IS NOT GOING TO HAPPEN! So what will the new FICO scoring model do? Simply put, a better job of predicting subprime and prime risk than earlier versions of FICO scoring models. That's it!


Thanks for this info! Smiley Happy
-----------------
Bartender, bring another round of FICOtinis please!

9.4.2011: TU 805. EQ 815.
Established Contributor
Posts: 720
Registered: ‎05-04-2007
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Re: What about us subprimers...


fused111 wrote:
For the last several weeks it has been rumored consumers with subprime CCs reporting on their CRs will see their FICO scores plummet once FICO'S new and improved scoring model debuts this September. JUST IN, THIS IS NOT GOING TO HAPPEN! So what will the new FICO scoring model do? Simply put, a better job of predicting subprime and prime risk than earlier versions of FICO scoring models. That's it!




Cool. Like some others I had doubts that FICO could accomplish a logical separation of prime and subprime, given the sheer number of cards and endless combinations of APR, CL, and fees.

I know the information about FICO penalizing subprime CCs came from a video mentioned in another thread. Where did the update come from that said this is not going to happen?
Moderator Emeritus
Posts: 16,375
Registered: ‎03-12-2007
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Re: What about us subprimers...



Revike wrote:

fused111 wrote:
For the last several weeks it has been rumored consumers with subprime CCs reporting on their CRs will see their FICO scores plummet once FICO'S new and improved scoring model debuts this September. JUST IN, THIS IS NOT GOING TO HAPPEN! So what will the new FICO scoring model do? Simply put, a better job of predicting subprime and prime risk than earlier versions of FICO scoring models. That's it!




Cool. Like some others I had doubts that FICO could accomplish a logical separation of prime and subprime, given the sheer number of cards and endless combinations of APR, CL, and fees.

I know the information about FICO penalizing subprime CCs came from a video mentioned in another thread. Where did the update come from that said this is not going to happen?

The Big Kahuna, Barry!
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
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