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Wanka77
Posts: 55
Registered: ‎02-27-2013
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Re: Understanding Your Score - Equifax

I have also applied and opened 6 new accounts over the last 2 months and has dropped my scores by approx 50 points.  So far 5 of them have already reported.


Starting Score:EX-639, TU-632 641-EQ(MyFico)
Current Score:EX-737(PLUS), TU-784(MyFico)750 (Walmrt) 719-EQ(Myfico),
Goal Score: 750-Across


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PSouz
Posts: 214
Registered: ‎03-25-2013
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Re: Understanding Your Score - Equifax


Wanka77 wrote:

I have also applied and opened 6 new accounts over the last 2 months and has dropped my scores by approx 50 points.  So far 5 of them have already reported.


I'm scared to see my EQ FICO at the end of next month from DCU when my new cards are reporting.

hopefully I stay above 700 by a few pionts 

 

luckily I hope not to really need anymore credit for at least a year or 2 so after gardening I hope to see my score back where it was before, hopefully a little higher 








Amex BCE $14k (backdated to 1/11), Chase Freedom $500 (11/2012)
Discover It Student $3k (3/13), Citi Dividend Platinum Visa $3k (3/13)
Capital One Cash Rewards Visa $3.5k (3/13)
Starting Score 3/20/13 - TransUnion FICO 758 - Goal Score 800
Valued Contributor
tcbofade
Posts: 2,241
Registered: ‎09-26-2011
0

Re: Understanding Your Score - Equifax

...and I'm in a similar situation.

 

I opened a LOT of accounts in 2011 and 2012...but haven't opened any since August of 12, and am watching my scores slowly, but steadily rise.

 

Is it August yet???



Current Scores: EX 671 (FCR) TU08: 648 Wally (TU08). 08/29/14 Last app 05/29/2014.
Being held hostage in the garden until 01 November 2014.

Zero percent financing is where the devil lives...
Contributor
PSouz
Posts: 214
Registered: ‎03-25-2013
0

Re: Understanding Your Score - Equifax

Only four more months til August!
Hopefully you'll get a nice score boost







Amex BCE $14k (backdated to 1/11), Chase Freedom $500 (11/2012)
Discover It Student $3k (3/13), Citi Dividend Platinum Visa $3k (3/13)
Capital One Cash Rewards Visa $3.5k (3/13)
Starting Score 3/20/13 - TransUnion FICO 758 - Goal Score 800
Moderator Emeritus
llecs
Posts: 32,881
Registered: ‎08-04-2007
0

Re: Understanding Your Score - Equifax

OP, if it hasn't been said already, the score you are seeing from Equifax Credit Complete is a FAKO and totally unrelated to a FICO score. Moreover, their advice you posted is geared towards that FAKO and doesn't necessarily apply to a FICO score. IMO, ignore the advice and ignore their FAKO. If you were to pull your EQ FICO on the same day you pull your FAKO you'll get totally different results.


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