topic Re: 70 Point Drop in CK Score in Credit Cards

70 Point Drop in CK Score

Anonymous — Thu, 16 May 2013 19:42:36 GMT

My new chase cc reported 2 days back and today I got a alert from CK. The CK TU score droped 70 points. My limited 6 months history has not baddies, keep util below 10% and 5 HP's. I thought new card generally increased the score due to decerease in util ratio.

Re: 70 Point Drop in CK Score

pizzadude — Thu, 16 May 2013 19:44:27 GMT

Don't focus on your CK score -- it is a FAKO. Just keep paying your CCs on time and you'll be fine.

Re: 70 Point Drop in CK Score

09Lexie — Thu, 16 May 2013 19:45:31 GMT

First of all CK is a FAKO but you mentioned limited credit history and 5 HPs. Your profile is more susceptible to new accts and inq's because your file is thin. Garden your new account for at least 6 mos, 1yr would be best so that you're inq's won't count against your FICO

Re: 70 Point Drop in CK Score

Anonymous — Thu, 16 May 2013 19:49:57 GMT

I plan to garden till 1 year anniversary of my PNC secure credit card. Will try to get cli through soft pull from Chase and CapOne.

Re: 70 Point Drop in CK Score

myjourney — Thu, 16 May 2013 20:00:56 GMT

@Anonymous wrote:
I plan to garden till 1 year anniversary of my PNC secure credit card. Will try to get cli through soft pull from Chase and CapOne.

You took and applied great advice given by previous posters......... Bravo

Re: 70 Point Drop in CK Score

FICO_addiction — Wed, 26 Jun 2013 02:17:16 GMT

I recently went on an app spree....i applied for 10 new cards only was approved for 7(which is good and bad)

i got the amazon.com store card(you should apply for the visa though...nowing now that i could have got it)

goody's

fingerhut

credit one(unsecured)

Matrix(dont do it)

total rewards visa(my favorite...had to do recon)

victorias secret

denied for:

barclay card advertised here at myfico (thin file)

BofA 123 rewards(lack of history.....I'm 30 years old)

carecredit visa(same reasons...plus inquires)

my scores were EQ:617 EX:637 TU:622

MY EQ dropped to 548

My TU dropped to 567

My EX dropped to 616

guess its common?! just pay the card on time for a year you will be fine...I guess.I personally dont think anyone has this scoring figured out. BEST OF LUCK TO YA THOUGH!!

Re: 70 Point Drop in CK Score

myjourney — Wed, 26 Jun 2013 02:31:40 GMT

@FICO_addiction wrote:
I recently went on an app spree....i applied for 10 new cards only was approved for 7(which is good and bad)

i got the amazon.com store card(you should apply for the visa though...nowing now that i could have got it)
goody's
fingerhut
credit one(unsecured)
Matrix(dont do it)
total rewards visa(my favorite...had to do recon)
victorias secret

denied for:

barclay card advertised here at myfico (thin file)
BofA 123 rewards(lack of history.....I'm 30 years old)
carecredit visa(same reasons...plus inquires)

my scores were EQ:617 EX:637 TU:622
MY EQ dropped to 548
My TU dropped to 567
My EX dropped to 616

guess its common?! just pay the card on time for a year you will be fine...I guess.I personally dont think anyone has this scoring figured out. BEST OF LUCK TO YA THOUGH!!

It's truly time for you to garden

No more app's Lol

Re: 70 Point Drop in CK Score

09Lexie — Wed, 26 Jun 2013 02:36:17 GMT

Truly!

Re: 70 Point Drop in CK Score

myjourney — Wed, 26 Jun 2013 02:39:33 GMT

@09Lexie wrote:
Truly!

As my partner would say

SHAKING MY HEAD

Re: 70 Point Drop in CK Score

asphaltcowboy — Wed, 26 Jun 2013 02:41:03 GMT

@myjourney wrote:
@09Lexie wrote:
Truly!
As my partner would say
SHAKING MY HEAD

DITTO!!!!

Re: 70 Point Drop in CK Score

myjourney — Wed, 26 Jun 2013 02:43:38 GMT

@asphaltcowboy wrote:
@myjourney wrote:
@09Lexie wrote:
Truly!
As my partner would say
SHAKING MY HEAD
DITTO!!!!

Re: 70 Point Drop in CK Score

FICO_addiction — Wed, 26 Jun 2013 03:09:31 GMT

yeah it is.....luckly for me i gotz a great job!

Re: 70 Point Drop in CK Score

HYPASS33 — Wed, 26 Jun 2013 03:13:33 GMT