topic Re: Just Got Scores and Not Happy!!!!! Help in Credit Cards

Just Got Scores and Not Happy!!!!! Help

Anonymous — Mon, 18 Feb 2008 20:31:53 GMT

TU 742

EX 735

EQ 725

No change in NONE? I just had a little 3 point Drop for the Stupid Citi Inquries ion TU. I have a 9% utilization. I pay everything on time!!! 1 late on EQ from a student loan 3 years ago!!!! No collection!!! No Badies !!!!! 10 Inquries on TU I know too much but it's my highest Score? !!! Why? EX 5 inquries and EQ I belive 4. I recently added my U.S bank to my stable and the inquries did Nothing to my scores but I'm PERFECT. I SHOULD BE in the HIGH 780-840. I have a car payment and some student loans but they are perfect to. HLEP ME I WANT 800' s FAST

Re: Just Got Scores and Not Happy!!!!! Help

Anonymous — Mon, 18 Feb 2008 20:42:20 GMT

those are awesome to me..but i have read other posts about the higher you scores you are in a different "bucket" and that things score wise are done a little differently..

Re: Just Got Scores and Not Happy!!!!! Help

haulingthescoreup — Mon, 18 Feb 2008 20:49:43 GMT

It's not scores that assign you to different buckets, but such things as length of credit history, whether you have a bankruptcy, lots of lates vs few vs none, and so forth.

ddd, what is the length of your credit history, both average and longest? And it might be different on all three reports. Sometimes your scores will plateau (get stuck), until you move up into a longer score history group.

And it's actually possible that you moved into a new score bucket between the last time you pulled scores and now. If you have Scorewatch, you would probably have gotten an alert hinting at this. At any rate, if you were re-bucketed, it dropped your scores temporarily (mine dropped 15 points), but they now have the potential to climb to a higher number. My scores recovered within 4-6 weeks, and they're now much higher than they were at the time.

Re: Just Got Scores and Not Happy!!!!! Help

Anonymous — Mon, 18 Feb 2008 21:23:22 GMT

9 years is my credit history thats when I was 18 I'm 27 now. Average is not good probaly 3-4. All my horroble accounts from when i was 18 dropped off .

Re: Just Got Scores and Not Happy!!!!! Help

haulingthescoreup — Mon, 18 Feb 2008 21:30:55 GMT

How recently did they drop off? Did the last bad one fall off between last time you pulled and now? If so, you might have moved into a new bucket, your scores dropped, and then they came back up before you pulled again.

Otherwise, it might be that you're just in a holding pattern for now while your history gets older. Hard to say for sure!

(And no other baddies or anything snuck on, right? No balances went up, no new inqs, no difference between the last reports and these?)

edit: Oh, also, do you have more overall accounts with balances than before? Like last time it was 7 out of 15, and now it's 8 out of 15. This includes loans, mortgages, etc.

Message Edited by haulingthescoreup on 02-18-2008 01:30 PM

Re: Just Got Scores and Not Happy!!!!! Help

MidnightVoice — Mon, 18 Feb 2008 21:35:57 GMT

The things that reduce my scores (high 700s) are inqs and new credit - new being less than a year old. And inqs is a total of 1 on EQ and 1 on EX

I have 7 years of perfection, and have not hit 800 yet. I will probably have to wait until all my cards are over the magic 12 months old.

Re: Just Got Scores and Not Happy!!!!! Help

MidnightVoice — Mon, 18 Feb 2008 21:36:48 GMT

And my oldest is 20 years old and my average is about 7 years!

Re: Just Got Scores and Not Happy!!!!! Help

Anonymous — Mon, 18 Feb 2008 21:56:06 GMT

OP, I see your 9% util. I know common advice is to have between 1-9% util, but I have seen better scores with utilization at 1% than 9%, all else being equal. "YMMV" but i have seen this over time, as my scores have ranged from the 790s to the 820s. Just a factor to consider. (Oh, btw, also consider 'per-card' utilization in addition to over-all utilization --ETA: for example, I got dinged pretty good for having a 'no limit' card show about 40% util one month on EX, when my overall util was still 1% ) GL!

Message Edited by JayToo on 02-18-2008 01:56 PM

Re: Just Got Scores and Not Happy!!!!! Help

Anonymous — Mon, 18 Feb 2008 21:54:57 GMT

My score jumped to 799 when I brought my utilization down to 1%....

Re: Just Got Scores and Not Happy!!!!! Help

Anonymous — Mon, 18 Feb 2008 22:00:37 GMT

Just a side note to my post above: I've also seen better scores at 1% than 0% util.... lower is not always better...

Re: Just Got Scores and Not Happy!!!!! Help

Anonymous — Mon, 18 Feb 2008 22:01:03 GMT

JayToo wrote:
OP, I see your 9% util. I know common advice is to have between 1-9% util, but I have seen better scores with utilization at 1% than 9%, all else being equal. "YMMV" but i have seen this over time, as my scores have ranged from the 790s to the 820s. Just a factor to consider. (Oh, btw, also consider 'per-card' utilization in addition to over-all utilization --ETA: for example, I got dinged pretty good for having a 'no limit' card show about 40% util one month on EX, when my overall util was still 1% ) GL!

Message Edited by JayToo on 02-18-2008 01:56 PM

Wow this sucks for me I have 4 no limit cards. 2 Amex and 2 Signature Visas. My utilitu just reached 9% it was always 0% but I booked my entire families vacation on my Amex for the points. That would be ZERO pretty soon. Thanks for the advice I'm going to use my Blue amex instead of Plat.

Re: Just Got Scores and Not Happy!!!!! Help

Anonymous — Mon, 18 Feb 2008 22:05:59 GMT

haulingthescoreup wrote:
How recently did they drop off? Did the last bad one fall off between last time you pulled and now? If so, you might have moved into a new bucket, your scores dropped, and then they came back up before you pulled again.

Otherwise, it might be that you're just in a holding pattern for now while your history gets older. Hard to say for sure!

(And no other baddies or anything snuck on, right? No balances went up, no new inqs, no difference between the last reports and these?)

edit: Oh, also, do you have more overall accounts with balances than before? Like last time it was 7 out of 15, and now it's 8 out of 15. This includes loans, mortgages, etc.

Message Edited by haulingthescoreup on 02-18-2008 01:30 PM

Those dropped of years ago I credti bounced back problably the last 2 years from the 640's to what I have now. Now it's flawless except for that one Late on one credit report. 2 inquries for a srupid citi card but my score only got dinnged 3 points. Balances whent from like 3k to 5k because I booked a Punta Cana vacation for everyone on my Amex but at the same time I got my new U.S bank card with 8500 CL. It is not reporting yet when it reports you think I'm getting better scores becuse of CL or worse scores becuse of the NEW account. I have playin the miles game for the last year it's seriously running up my inqiries I NEED TO STOP. There is only so many NEW sig on bonuses I can get so I'm sure thats over for me. Same amount of accounts with balances but like i sad othwewise perfect.

Re: Just Got Scores and Not Happy!!!!! Help

Anonymous — Mon, 18 Feb 2008 22:07:36 GMT

esshua wrote:
My score jumped to 799 when I brought my utilization down to 1%....

From what? I had it at Zero for like 6 months thats I went from 680's to the 730's do you think If I wipe out my score I can got to 790's? What was youre score before the Jump?

Re: Just Got Scores and Not Happy!!!!! Help

Anonymous — Mon, 18 Feb 2008 22:07:56 GMT

This no-limit issue seems to be particularly bad on EX (similar to MV getting hit on EX with his HELOC). On TU and EQ it seems correctly factored (and show as "open"-type accounts), but on EX it is definitely a negative quirk.

Re: Just Got Scores and Not Happy!!!!! Help

Anonymous — Mon, 18 Feb 2008 22:11:55 GMT

ddd wrote:

esshua wrote:
My score jumped to 799 when I brought my utilization down to 1%....

From what? I had it at Zero for like 6 months thats I went from 680's to the 730's do you think If I wipe out my score I can got to 790's? What was youre score before the Jump?

Equifax FICO:

744 Jan 1

733 Feb 1

799 Feb 12

I think it would have gone up higher, but I have a new BofA Amex account...

Message Edited by esshua on 02-18-2008 05:11 PM

Re: Just Got Scores and Not Happy!!!!! Help

Anonymous — Mon, 18 Feb 2008 22:11:13 GMT

JayToo wrote:
This no-limit issue seems to be particularly bad on EX (similar to MV getting hit on EX with his HELOC). On TU and EQ it seems correctly factored (and show as "open"-type accounts), but on EX it is definitely a negative quirk.

wow i'm in trouble MOST of my cards except for a BOA Visa and BLUE Amex and Discover are NL. Cop Amex. Plat Amex, U.S WP Signature and Southwest Signature

Re: Just Got Scores and Not Happy!!!!! Help

Anonymous — Mon, 18 Feb 2008 22:22:16 GMT

@Anonymous wrote:

@Anonymous wrote:
This no-limit issue seems to be particularly bad on EX (similar to MV getting hit on EX with his HELOC). On TU and EQ it seems correctly factored (and show as "open"-type accounts), but on EX it is definitely a negative quirk.

wow i'm in trouble MOST of my cards except for a BOA Visa and BLUE Amex and Discover are NL. Cop Amex. Plat Amex, U.S WP Signature and Southwest Signature

I definitely hear ya... one of my NL cards is my favorite/primary (love, love, love it ) The way I deal with it is to not worry about it too much if I'm not looking for credit (or insurance, or something where I want the highest score possible), BUT if I am looking for credit etc I definitely go out of my way for a few months beforehand to make sure this card reports lower utilization.

btw, esshua, your siggy made me think about my "1% better than 0%" comment above as you push through that 800 mark. Do you mind me asking what your longest TL age and ave age on EQ? Mine are about 15 and 7 years, respectively.

Re: Just Got Scores and Not Happy!!!!! Help

haulingthescoreup — Mon, 18 Feb 2008 22:27:02 GMT

My understanding is that the Amex cards report properly as "other" and are excluded from calculating your util, but the others can be killers. There have been several threads going on about this problem. Do a user search on Dawn --she's done a lot of research on this. And I think it was krystofur who got burned, too.

I still haven't untangled which report the current balance as the CL, making you appear maxxed out every month, and which don't report at all, but obviously either are nightmares for your scores.

Good luck!

And BTW, good for you for taking your fam on vacation. That's the whole point of having good credit, so that you can do things like that. Hope you guys had a great time!

Re: Just Got Scores and Not Happy!!!!! Help

Anonymous — Mon, 18 Feb 2008 22:27:02 GMT

JayToo wrote:

btw, esshua, your siggy made me think about my "1% better than 0%" comment above as you push through that 800 mark. Do you mind me asking what your longest TL age and ave age on EQ? Mine are about 15 and 7 years, respectively.

Length of Credit History 15 Years, 6 Months

Average Account Age 9 Years, 4 Months

Re: Just Got Scores and Not Happy!!!!! Help

Anonymous — Mon, 18 Feb 2008 22:35:03 GMT

@Anonymous wrote:

@Anonymous wrote:

btw, esshua, your siggy made me think about my "1% better than 0%" comment above as you push through that 800 mark. Do you mind me asking what your longest TL age and ave age on EQ? Mine are about 15 and 7 years, respectively.

Length of Credit History 15 Years, 6 Months
Average Account Age 9 Years, 4 Months

Thanks, very nice. I think you are going to have to update that siggy soon to '..goal *reached*..800'! GL!