topic Re: Credit Score in Understanding FICO® Scoring

Credit Score

Anonymous — Mon, 02 Aug 2010 15:54:12 GMT

If I have been do almost all of my shopping in a high end retail store and change to buying everything at Wal Mart will my FICO score be lowered because the computer sees me changing where I use my credit?

dylax

Re: Credit Score

trdmlc — Mon, 02 Aug 2010 16:07:08 GMT

No, transactions are not considered in Fico scoring.

Re: Credit Score

vanillabean — Mon, 02 Aug 2010 19:28:20 GMT

@Anonymous wrote:
If I have been do almost all of my shopping in a high end retail store and change to buying everything at Wal Mart will my FICO score be lowered because the computer sees me changing where I use my credit?

I think someone recently pointed out in this forum that Amex might raise an eyebrow at just that. Consequences in theory could be lowering your credit limit or something like that, I don't know. If that happens, your util could go up, which means your credit score could go down. Anything is possible in these crazy times. Which cards do you have?