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04-20-2017 01:03 AM
04-20-2017 01:30 AM
Was the degoratory on there last month or new?
What was your utilization last month?
Any hard inquires on the graduated Fingerhut or the new Capital One?
What is the AAoA now versus last month?
04-20-2017 01:36 AM
04-20-2017 01:53 AM
The derogatory had been on for a while I actually had about 4 more derogs last month but they were removed. My utilization last month was 9 percent. Yes they did do a hard pull for the graduated Fingerhut account on Equifax and Experian .I already had 16 hard pulls and now it's 17. The new average age is 3 months. Last month it was 5 months.
The derog wouldn't cause the change, although getting it removed with none will boost your score and have a clean file.
Overall IMO, the hard inquiry, the utilization from 9 to 27 was the biggest factor. With the AAoA having a possible bearing.
Just try for getting the utilization to <8.99 %, let your cards garden ( until the hard pulls are falling off and accounts age with good reporting history, be sure to have all report zero except one on the <8.9 util) .
While your accounts are in the garden, work on the last derog removal. You want to be sitting good, that when your scores increase over time, that you will be set to get better than subprime cards. Another thing as a goal is having an installment loan in your credit mix. There are alot of posts on the forum about the Alliant Shared Secured Loan for $500. Be patient, it might be a year or so before these inquiries drop, and history builds.