Re: EQ FICO 20 points increase!! Maybe not for long though :(
04-09-2012 02:12 PM
Just pulled my EQ FICO and it went from 709(2/28/12) to 729 today!
2 things have changed:
1: Capital One removed 1 30 day late from 01/2010
2: AAoA went from 3 years 11 months to 4 years.
Apparently AAoA is scored in full year increments. This is true. Scoring rounds down AAoA.
2 things that will change again soon.
1. I was added as a AU on a Cap1 account, and it will lower my AAoA to 3 years 9 months. Effectly scoring my AAoA as 3 years instead of 4. This will probably hurt some but it's hard to say exactly how much. Why did you become an AU on an account that would lower your AAoA? Will this account help your utilization? I'm just trying to figure out why you did this. I'm not saying it was wrong though; just curious.
Also, Last month's statement balance cut at a balance that will increase my utilization from my current 1% to 14%. This will likely cost a few points but you'll get them back as soon as the utilization goes back down.
2. My student loan of $4500 will report soon.
How will these changes effect my overall profile?
I was added because I thought his high CL of $9500 would help me with approvals for high CL cards. My highest card has a CL of $1250. Reducing my AAoA by 3 months isn't that big of a deal, right?
He said he PIF every month. But I think what he did was he PIF for the due date, but then between the due date and statement cut date he charged it up again not know that balance on the statement cut date is balance that's reported. I only found out about this when I called in to get his balance.
I'm kind of thinking I made the wrong move here...arggg...
Should I apply for something before his Cap1 reports on my CR? Which bank is known to give high initial CLs?
I'm going crazy
EQ FICO - 07/2012: 699, 08/2012: 714, 10/2012: 729, 11/2012: 686, 12/2012: 723, 01/2013: 737, 03/2013: 725, 04/2013: 734, 05/2013: 736
EX FICO(AMEX) - 10/2012: 712