Rebuilding Your Credit

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Established Contributor
Lasardo
Posts: 606
Registered: ‎04-26-2012

90 point drop.

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‎08-06-2012 05:41 PM

My credit score dropped 90 points after a VS card was added to report. 

I am  struggling with the idea that I even got the card ... I had applied several months ago and was denied so I wrote a letter and was reconsidered with a $450 CL. 

other than that NOTHING has changed. I have no credit, I would have thought a regular CC would have improved my score?? 

CS 728- 01/13 from 554-12/11
Goal: 800
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Established Contributor
DaveSignal
Posts: 873
Registered: ‎07-29-2011

Re: 90 point drop.

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‎08-06-2012 05:43 PM

What balance is it reporting?


  FICO Scores: EQ:690 TU:695 EX:706

Gripping a Gloriously Gold Spade!



Gardening: NFCU nRewards $14k - USAA Rewards $4.5k - SDFCU Flexpoints EMV Chip+PIN $5k - BoA Travel Rewards EMV $4.5k
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llecs
Posts: 31,508
Registered: ‎08-04-2007

Re: 90 point drop.

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‎08-06-2012 05:54 PM

Is this a FICO?

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Established Contributor
Lasardo
Posts: 606
Registered: ‎04-26-2012

Re: 90 point drop.

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‎08-06-2012 06:20 PM

No balance
CS 728- 01/13 from 554-12/11
Goal: 800
Message 4 of 8 (292 Views)
 
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Established Contributor
Lasardo
Posts: 606
Registered: ‎04-26-2012

Re: 90 point drop.

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‎08-06-2012 06:21 PM

This is Off CK I know it's not myfico but even so it dropped ALOT
CS 728- 01/13 from 554-12/11
Goal: 800
Message 5 of 8 (290 Views)
 
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Moderator
llecs
Posts: 31,508
Registered: ‎08-04-2007

Re: 90 point drop.

[ Edited ]
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‎08-06-2012 06:23 PM - edited ‎08-06-2012 06:24 PM

Your FICO could have increased by as many. Definitely don't put your faith in a FAKO.

 

ETA...well maybe not as many, but if you have no CCs, I bet FICO increased 30-40+.

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Established Contributor
DaveSignal
Posts: 873
Registered: ‎07-29-2011

Re: 90 point drop.

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‎08-06-2012 06:34 PM

lol.   credit karma is not even close.  It doesn't even grade all the same aspects of your credit report.  You can't base anything off a score from Credit Karma, I had originally thought you were talking about a real FICO.


  FICO Scores: EQ:690 TU:695 EX:706

Gripping a Gloriously Gold Spade!



Gardening: NFCU nRewards $14k - USAA Rewards $4.5k - SDFCU Flexpoints EMV Chip+PIN $5k - BoA Travel Rewards EMV $4.5k
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Valued Contributor
Repo-ed
Posts: 2,602
Registered: ‎02-09-2012

Re: 90 point drop.

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‎08-06-2012 06:56 PM

Trust FICO scores, not FAKO scores

Starting Score: TU:650 - EQ: 672
Current Score: TU: 706 - EQ: 680 - EX: 699
Goal Score: 700
Take the myFICO Fitness Challenge
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