No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
I received a score decrease in April 2008 for non mortgage installment loan is too high, but all my installment loans have been going down since Oct. 2006 (new car). My other loans are student loans if that helps. I don't see how that became a factor all of a sudden in that month. My average age of accounts change happens in Sept...not April.
Thanks for any help.
That is a FAKO comment....FICO doesn't give that comment (or at least I have never seen it even with an installment loan at 99%)
Ignore it.
Did you hit a milestone recently? You could have been rebucketed.
Or a negative that was there may have fallen off and since you are over 800 the messages have started getting real picky. That has happened to many people once they get to a solid score and hit an age mark.
From my experience, FICO is always trying to pull up a negative. When you've fixed one problem, it's going to find another one - probably not as big of a deal as what the previous one was.
I would call them.
Sometimes their explanations for score change have nothing to do with reality.
About month ago my score went down a few point and explanations were 1. Balance on one of CC's - which was true and 2. 18 mos. old inq.
I called them and was told that an inq. came up due to some glitch, a CSR appologised, gave one free CR pull and 10% prom code.
@Anonymous wrote:From my experience, FICO is always trying to pull up a negative. When you've fixed one problem, it's going to find another one - probably not as big of a deal as what the previous one was.
I noticed this message on TU when a new car reports and continued to see it until I had darn near paid the thing off completely. It isn't major.
IME- this message goes away when the UTL goes under 100%
My credit card balances were going up at the time also. I also received the alert for that when they reported. This was different. My credit cards are paid off again, but I never regained those last few points from the mortgage loan alert. Maybe something changed that I couldn't see or the model decided I was in a different bucket (since the credit card went up to 25%). I would still think that since the cards are down, everything else went back to normal. I haven't had any new tradelines at all since Oct. 2006.