topic Re: FICO jump! in Credit Cards

FICO jump!

corymcd88 — Sun, 06 May 2012 21:30:08 GMT

I just got my FICO and it went from 665 to 714! A 49 point jump up! I'm so happy! I have a car loan that is one year old and a new personal loan. I don't know why it jumped up that much!?!?!

Re: FICO jump!

thom02099 — Sun, 06 May 2012 21:40:30 GMT

Shhhhh.....be vewy, vewy quiet....! Don't wanna spook the FICO score gods!!

Congrats on the score jump!

Re: FICO jump!

kpresod — Sun, 06 May 2012 21:41:15 GMT

Congrats on the score jump!

Re: FICO jump!

Creditaddict — Sun, 06 May 2012 21:53:06 GMT

@corymcd88 wrote:
I just got my FICO and it went from 665 to 714! A 49 point jump up! I'm so happy! I have a car loan that is one year old and a new personal loan. I don't know why it jumped up that much!?!?!

WOW Incredible... Now just see if in 1-2 months it's still that high, if so it's CLI on EVERY GE card you have!!! They seem to only get new soft pulls every 1-3 months sometimes though that's the only reason I say let all those update.

Re: FICO jump!

Revelate — Sun, 06 May 2012 22:50:59 GMT

@corymcd88 wrote:
I just got my FICO and it went from 665 to 714! A 49 point jump up! I'm so happy! I have a car loan that is one year old and a new personal loan. I don't know why it jumped up that much!?!?!

A year is probably a tradeline seasoning boundary, especially for installment loans.

A second installment loan (especially if you have limited history which I think you do) is likewise almost in all ways a good thing.

Beyond that though I don't know, without a shift in balances, old inquiries falling off, or a substantial shift in one's credit mix (and I don't see the second item as such but I've been wrong before) I wouldn't have thought yo'd get that large of a jump; however, congrats regardless