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New Member
Posts: 9
Registered: ‎04-17-2007
0

FICO scoring

It seems there's no problem losing 50 to 150 points in one update with FICO.
 
My question is what does one have to do to get  FICO to increase your score in big numbers?
 
After trying to do things correctly I've recently lost too many points. I thought disputing some inaccuracies on my CR getting some corrections due to a 3 year old Bankruptcy and opening up another CC to have more available credit.  But that didn't help it ended up hurting my score.
Moderator Emeritus
Posts: 2,050
Registered: ‎04-17-2007
0

Re: FICO scoring

Bert - You're right, the drops are big and quick and the increases are slow and low.
 
What helps a lot is simply time going by.  The more chronological distance between you and the BK, the better your credit.
 
You didn't give us your whole credit picture, so it's hard to tell what else is going on.  What was the result of the disputes? It may take a while for inaccurate info to be removed or updated. Getting the new credit card may result in a temporary score dip, but once you start to use it responsibily your score should start rising.  Charges small amounts, pay them off, and keep your utilization low (and your powder dry LOL).  Good luck!
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Bartender, bring another round of FICOtinis please!

9.4.2011: TU 805. EQ 815.
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