Reply
Super Contributor
Posts: 8,166
Registered: ‎03-25-2007
0

New Account - my FICO -6, DW's +2

Just an interesting note.  Our new Junny ($15,000 CL) hit EQ today, DW's card, me as AU.  My score went down 6 points, hers went up two.
 
Possible reasons:
 
It did not significantly effect Util on EQ or TU as it is very low (about 1%)
 
All the new credit in the family in the last 6 months has been me up to this point (2 inqs for CLIs, 2 inqs for car, me becoming joint on her store card,).  And the car loan and new AMEX have not hit yet (mine only).  So I have been getting (by my standards) a lot of action recently, and a lot of new accounts.  The oldest new account (Chase CC) is a year old on Saturday, and the 2nd oldest is a year old in April.  By then the AMEX and car will show up, so I should reach stability.  Later in the year (usually about August) my average age will go up a year, which will help as well.
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid
Moderator Emerita
Community Leader
Epic Contributor
Posts: 28,098
Registered: ‎04-01-2007
0

Re: New Account - my FICO -6, DW's +2

So when will you break down and pull EX, to see if the increased overall credit limit offsets the HELOC and improves your score? Signed, Curious.
* Credit is a wonderful servant, but a terrible master. * Who's the boss --you or your credit?
FICO's: EQ 781 - TU 793 - EX 779 (from PSECU) - Done credit hunting; having fun with credit gardening. - EQ 590 on 5/14/2007
Super Contributor
Posts: 8,166
Registered: ‎03-25-2007
0

Re: New Account - my FICO -6, DW's +2



haulingthescoreup wrote:
So when will you break down and pull EX, to see if the increased overall credit limit offsets the HELOC and improves your score? Signed, Curious.

Increase of 6 FAKO points  :smileyvery-happy:
 
I ain't pulling nothing until Amex is fully reporting and so is the car!
The slide from grace is really more like gliding
And I've found the trick is not to stop the sliding
But to find a graceful way of staying slid

Get a myFICO recommended credit card

Copyright ©2001-2013 Fair Isaac Corporation.
All rights reserved.

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.