Re: Fico Score did not improve after 7 month credit card activity
08-31-2012 07:02 AM
The problem with the scoring model is that it does NOT have access to your CC account. Only to what the CCC reports to them. So if you use it and pay it off before the statement date, the CCC is going to report $0 balance. So for 7 months the CCC has reported that you have a $0 balance, this looks like NO activity, no matter how many times you have maxed out the card and paid it off during the month. Does that make sense? I am not sure if I am explaining it well.
Starting Score: EQ 549 (5/2012) | TU 594 (7/2012)
Current Score: EQ 618 (9/2012 Lender Pull) | TU 648 (9/2012 Lender Pull) | EX 599 (9/4/2012 Lender Pull)
Goal Score: 700
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