topic FICO Score Opinion Appreciated in Understanding FICO® Scoring

FICO Score Opinion Appreciated

AyaMai — Mon, 07 Nov 2022 17:34:32 GMT

My Fico score dropped in March more than 60 or more from 736 due a collection from a debt collector of an old Capital One Card debt, it will be dropped September/October 2023 depending on my different credit reports Trans Union/Experian. My current score is 701, it has been edging up every two months, my utilization has been 1% - 3% in the last 2 years, my credit limits have been increased, been added as authorized user on my spotless wife credits cards, accelerating in lowering my car auto loan debt. Every purchase on any card has been paid off instantly, do not wait wait for the statement when it closes. The question will I rebound back to a higher score than 736 in November, my payments strategy will not change ever, I use credit cards for Cash Back of every category I think about & points through American Express.

Re: FICO Score Opinion Appreciated

GZG — Mon, 07 Nov 2022 17:44:22 GMT

@AyaMai wrote:
My Fico score dropped in March more than 60 or more from 736 due a collection from a debt collector of an old Capital One Card debt, it will be dropped September/October 2023 depending on my different credit reports Trans Union/Experian. My current score is 701, it has been edging up every two months, my utilization has been 1% - 3% in the last 2 years, my credit limits have been increased, been added as authorized user on my spotless wife credits cards, accelerating in lowering my car auto loan debt. Every purchase on any card has been paid off instantly, do not wait wait for the statement when it closes. The question will I rebound back to a higher score than 736 in November, my payments strategy will not change ever, I use credit cards for Cash Back of every category I think about & points through American Express.

who is the debt collector, do they not PFD?

Re: FICO Score Opinion Appreciated

SouthJamaica — Mon, 07 Nov 2022 17:47:57 GMT

@AyaMai wrote:
My Fico score dropped in March more than 60 or more from 736 due a collection from a debt collector of an old Capital One Card debt, it will be dropped September/October 2023 depending on my different credit reports Trans Union/Experian. My current score is 701, it has been edging up every two months, my utilization has been 1% - 3% in the last 2 years, my credit limits have been increased, been added as authorized user on my spotless wife credits cards, accelerating in lowering my car auto loan debt. Every purchase on any card has been paid off instantly, do not wait wait for the statement when it closes. The question will I rebound back to a higher score than 736 in November, my payments strategy will not change ever, I use credit cards for Cash Back of every category I think about & points through American Express.

You can pick up some points by making sure that one of your cards reports a small balance each month before you pay it off, thus avoiding the "all zero" penalty.

When your auto loan balance gets down to 9% of the original loan amount, you'll pick up points in your FICO 8's and 9's.

Re: FICO Score Opinion Appreciated

AyaMai — Tue, 15 Nov 2022 14:12:27 GMT

central portfolio control

Re: FICO Score Opinion Appreciated

FireMedic1 — Tue, 15 Nov 2022 19:01:54 GMT

Is this the same CA from May? https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/FICO-Points-Loss-Gain/m-p/6544003

And I responded to your opportunity for PFD with the CA here: https://ficoforums.myfico.com/t5/Credit-Cards/35-spending-of-my-credit-limit-on-Discover-will-it-help-me-get/m-p/6614345#M1833730