Understanding FICO® Scoring

turn on suggestions Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Reply
Topic Options
Regular Contributor
Asailorshort
Posts: 135
Registered: ‎06-04-2012

4 pt drop from all cc's $0 balance

Options

‎11-07-2012 01:33 PM

So i checked my eq fico and was sad to see i had a 4 pt drop.  Originally i thought this small ding may have been from recently paying off my car loan.  However that hasn't updated yet.  My best guess is that its due to all 5 of my cc's currently reporting a $0 balance.  However, in about another week my nfcu card will report a less than 1% util balance so hopefully i'll get those points back.  On a happy note, i noticed that an old 30 day late that should have fallen off in 1/13 is already gone.  Sadly, myfico still has it flagged as anegative acct.  2 out of 4 of my accts flagged as negative should no longer be negative.  I really need to get serious about manipulating my util % reporting.

Starting FICO 667 (5/2012) EQ
672 (7/2012) EQ. 681 (8/1/12) EQ
Current FICO 682 (10/13/12) EQ; 718 (10/13/12) TU
Goal: 760+ but 700-720 by jan 2013
No new apps tll jul 2013
Message 1 of 1 (186 Views)
 
Reply

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
www.myfico.com is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+