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Review of MyFICO score changes over two months

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NRB525
Super Contributor

Review of MyFICO score changes over two months

Since joining MyFICO at the end of October, I’ve learned quite a lot, and gone through several apps and a few account adjustments, so here is the summary list of changes in my credit file in that two month period:

 

Starting scores from MyFICO: EQ 722 TU 727 EX 727

 

Common update throughout this: High utilization on three and then four cards. 80%, 70%, 60% at varying times each, and not on small balances. Those are gradually coming down in this period.

 

Nov 3: Diners Club Premier App (approved via snail mail) Reasons Letter TU 727 agrees to the MyFICO TU at the same date.

 

AMEX Platinum Sky Miles shows Paid (closed via snail mail in October). Now reporting closed.

Also had closed Chase VISA via snail mail in October, no notification it is showing closed.

 

Nov 9: Reviewed Reasons Letters. PenFed included “No term loans in recent credit file”, only CC's and mortgages. Called local CU where I have checking and a fair size savings account for over a year. Vehicle is too old to use as security for a used car loan, so apply for personal LOC. HP, near-instant approved on the phone for $8,000 LOC at 10.9% APR. No up front fees, no fees for taking a draw. Available interest rates are down to 6.9% for best credits. Called back to app for VISA on the same HP, requested $20k, sent to credit review for Monday. VISA app denied on Monday. One HP.

 

Nov 12: BofA reported the fourth of the high utilization cards on a new 0% 18 month BT, rising to $10,500 at 82% utilization. This also brings that amount out of a “closed” AT&T Universal card I have been paying down at 7.9%, and so raises the TU “All Bankcards” from $33,950 to $44,343. Small amount remains on the ATT card to try to maintain the $20k CL in the file for a while, even though not “available”.

 

AMEX 3x CLI $3k --> $9k

 

Nov 30 inquiry for US Bank Fred Meyer card. 7-10 day notice, Approved by delivery of card via snail mail ~10 days later at $10k limit. I have the Fred Meyer store rewards account, which tracks all purchase volume, and three CC and a mortgage with US Bank. Was denied for this card in 2011 on much higher $ utilization.

 

Dec 4: PenFed Secured VISA begins to report, $138 of $500 limit. Was denied in mid-October for an unsecured PenFed VISA, so called back in mid November to use the same October HP as the basis for an app for this secured card. $500 savings deposit at PenFed = $500 Classic VISA, no AF. Such a deal.

 

Dec 4: Local CU PLOC reports: $8k LOC, $6,100 drawn in cash, placed in savings.

 

Dec 16: TU reports “All Bankcards” at $39,103 after several items BT to Cap One to spread utilization. CapOne statement prints on December 22, and so “All Bankcards” should bump back up soon.

 

Dec 19: Chase Marriott app, instant approved for $6,000. Not even sure how they had time to do the HP, but there you go. Back up to three total Chase open accounts, $1.5k, $11k, $6k. Four total closed Chase accounts. (new $6k is not yet on the credit report of course)

 

Dec 20: MyFICO Scores: EQ 717 TU 714 EX 726

 

 I think TU hates me. It is the only CRA that includes a Sears card from 1984, the next oldest item is from about 2000, and yet it is definitely the most volatile of the bunch.

 

I think I am done apping for a few months. CC Balances begin to drop in earnest in December, with higher than previous payments in the works. PLOC and CapOne also on a fast paydown track. Goal is to get to $30k "All CC" by May 2015, and $20k "All CC" by December 2015.

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765
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