topic Re: Experian/FICO® Bankcard Risk Model v8 in Credit Cards

Experian/FICO® Bankcard Risk Model v8

Braydon — Thu, 16 Jan 2014 17:37:54 GMT

I have a 678 with FNBO AMEX does anybody know if this is good or bad. Don't want them to cancel my card. I have balances to payoff this month then my scores will shoot back up but until they do just wondered how good or bad this score is. Been up in the 700 club for the past 3 years so the 600's scare me.My fault I opened 3 new cards after being a good girl for 2 years so my AAoA dropped and my total UTL is 34% until my payments post.

My fico 12/3/13 EX 686 12/3/13 TU FICO 683

Re: Experian/FICO® Bankcard Risk Model v8

lhcole77 — Thu, 16 Jan 2014 17:45:13 GMT

@Braydon wrote:
I have a 678 with FNBO AMEX does anybody know if this is good or bad. Don't want them to cancel my card. I have balances to payoff this month then my scores will shoot back up but until they do just wondered how good or bad this score is. Been up in the 700 club for the past 3 years so the 600's scare me.My fault I opened 3 new cards after being a good girl for 2 years so my AAoA dropped and my total UTL is 34% until my payments post.

My fico 12/3/13 EX 686 12/3/13 TU FICO 683

I can't imagine they would close your account based on this score change. My scores took a dip after getting new TLs and I have been fine. As long as you make your payments on time and keep your reports clean you should be a-ok. Paying more than minimum is a good strategy too, IME.

Re: Experian/FICO® Bankcard Risk Model v8

gdale6 — Thu, 16 Jan 2014 19:54:11 GMT

The score is in the "fair" range, I don't think it will result in AA as long as you make your payments on time.