Credit Card Center Advertiser Disclosure†
04-13-2013 05:48 AM
I pulled my reports from this site last year (around June or July) and the scores ranged from 802-809. I just pulled it this morning and they ranged from 794-797. The only thing that changed was an inquiry from last July. Other than that everything is the same. I pay my CC's off each month and my car and mortage balances have went down since last year. I don't understand it. I know it's minor but I'm trying to get my scores higher not lower.
04-13-2013 06:26 AM
Was there a new account reporting as a result of that inquiry?
Are your balances reporting exactly the same from last summer? Even small differences in the balances can produce a drop like that.
04-13-2013 12:51 PM - edited 04-13-2013 12:53 PM
It looks like my high balance on some of my cards are in the $3000 range (on a $12,000 card) so I guess even though they're paid off each month it must have some type of effect. The credit pull was from BOA when we were going to refinance our house. We've been making double payments for a few years and the bank said we'd never recoup the money on a refinance because we only have a few years left at the rate we're going so they said just keep doing what you're doing. I've also been making 1 1/2 car payments a month for the last 2 years but I guess that doesn't matter. For a long time I only used my BOA card and rarely used the others but in the last year I've tried using all of them to show more activity but it seems like that may be working against me here. How long do you think it would be before it gets over 800 again?
04-13-2013 02:46 PM
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. 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.