03-31-2008 02:18 PM - edited 03-31-2008 02:25 PM
My score just dropped 7 pts out of nowhere...with no changes or anything...lower balance actually on my cards. This is FICO being mean I guess. I had an inquiry a few days back and got a new credit card since my report stated NO NEW ACCOUNTS as "NEGATIVE" . Actually the inquiry wasn't even on EQ, it was on EX from Amex and on TU from Citi. I got 2 new credit cards that I applied about 11 days ago. Will this be the reason for 7pts lost. My EX just went down 1 pt.
03-31-2008 04:16 PM
03-31-2008 06:37 PM
03-31-2008 07:29 PM
03-31-2008 07:40 PM
I hope it was a bucket for me too. I guess it was since I'm doing everything right. Thanks guys.
04-01-2008 06:50 AM
04-01-2008 07:00 AM
Can I see unlimited credit reports with ScoreWatch 'cause I read on the website it says only 2 power report per year. I am on the 30 day trial now and was thinking on waiting to print my 2nd report on April 16. Just in case I end up cancelling the service. I am also on Experian credit monitoring from freecreditreport.com and they provide unlimited credit report and score. What product you guys recommend for looking at my *current* report and score anytime I want to. Thanks.
The scores you get through freecreditreport.com are not real FICO scores, and they are essentially worthless. See the first post in the Credit Scoring 101 link in my siggy for an explanation of FICO and other credit scores and which kind you should care about.
04-01-2008 08:12 AM
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