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@Rlandon87 wrote:Awesome, I hope you're right and it seems I should... in January I had scores close to 690/700 ' s only difference is these card balances, a few inquries, and the 4 new accounts.
And those things WILL happen FOR SURE, the payments have already been scheduled/made... just waiting on them to clear and report. I will post the results as they update.
I came up with my guess for a couple of reasons. First, your FICO 04 scores are quite a bit lower than your FICO 08 scores. Second, I don't think the collection and a few lates are keeping your scores down by themselves. I think the "maxed-out" CC's are playing a big role in your scores being low. We shall see! Good luck!
That's really encouraging. Just remember the SW Score is a FICO 08 score and not a FICO 04 Score. Also keep in mind the FICO 08 scores are supposed to be a bit more sensitive to high utilization. Again, something that's in your favor.
@Rlandon87 wrote:So my 04 score would theoretically move the same, or more, or less...
It'll move in the same direction, but not necessarily by the same amount. From my own situation, I would say you'll see a 30 pt increase in your 04 score. However, you may not get it with every CBA.
Your 04 and 08 scores will be heading north. How much is still unknown. I'm just really curious to see how much your 6 to 7 maxed-out cards are affecting your scores.
It's nice to get 25 points for waking up a dormant CC. I have lost as many as 7 points for a CC going inactive. I just wish you could track all of your FICO 04 scores.