topic Re: Estimation of Fico Score in Understanding FICO® Scoring

Estimation of Fico Score

Anonymous — Sun, 02 Aug 2009 22:41:21 GMT

Hi guys,

Okay. Can you guess what kinda points I might receive......I have PAID

My current score on EQUIFAX SCORE IS 630 -

My last TU score I pulled was 619 -

Orchard was: 300.00, paid in FULL (today)

Tribue: 58.00 paid in FULL (today)

First Premier 224,00 paid in FULL (today)

Balances on accounts below:

American General balance 981.00 paid 220.00 - Left 761.00 of 1300.00 limit

GEMB balance of 938.00 paid 150.00 - Left 788.00 of 2000.00 limit

Plains Commerce 300.00 paid 107.00 - left 193.00 of 300.00 limit

Shell Gas 144.00 paid - left 56.00 of 200.00 limit

Being that I paid the 3 above accounts in FULL, do you see much change in SCORE?

Thank you

Kris

Message Edited by krisosa on 08-02-2009 03:41 PM

Re: Estimation of Fico Score

Anonymous — Sun, 02 Aug 2009 23:29:56 GMT

Have you run the FICO Estimator (in my sig line)? Not the simulator, but the estimator. I recommend it, comes in handy to give you basic ranges including dropping derogs, adding TL's, inquiries, etc.

Message Edited by txjohn on 08-02-2009 04:29 PM

Re: Estimation of Fico Score

RobertEG — Mon, 03 Aug 2009 07:55:15 GMT

Cannot say for sure, since the CLs on the zero bal. accounts still enter into your overall %util calculation, and those CJs were not provided.

You still owe over 50% overall on the four accounts that you provided both CL and current bal.

Two of those four still have % utils of over 50%.

My advice: Next month, pay off $193 Plains Commerce, and the $56 Shell.

That will give you 4 of your six accounts with zero bal.

Then hit the American Gen, which is your highest % util of 57%.

I dont see much impact this month, but great potential in a few months. If your goal is FICO gain, put the $$ into those accounts with the highest current indiv % util, regardless of CL or current bal.

Re: Estimation of Fico Score

Anonymous — Mon, 03 Aug 2009 12:35:03 GMT

Rob,

Thanks !