topic Re: First Fico Scores. in Understanding FICO® Scoring

First Fico Scores.

Anonymous — Sat, 15 Dec 2012 02:27:50 GMT

I'll be getting my first Fico Score in half a month. I'm so anxious to see what I achieved in those long, long, long months of waiting!

What was first Fico Scores when you started from scratch with a thin file?

Capital One Secured $600 CL 5 month history - DCU Platinum Visa $1500 CL almost 1 month history

Re: First Fico Scores.

Rhaeny — Sat, 15 Dec 2012 02:30:08 GMT

Wow...that's a good question. I honestly can't remember back that far. It was eons ago but it would be nice to know.

Come to think about it, even if I did know, the scoring models have changed so much from almost 20 plus years ago that it wouldn't be an even comparison.

Re: First Fico Scores.

bluesnowman — Sat, 15 Dec 2012 03:00:19 GMT

When I first pulled my reports at the 6 month mark my score was as followed: EQ: 736 TU: 746. That was because I had no negatives, no inquires, nothing but one card with 6 months of history. Just be patient and your scores will thank you for it.

Re: First Fico Scores.

Anonymous — Sat, 15 Dec 2012 03:23:06 GMT

@bluesnowman wrote:
When I first pulled my reports at the 6 month mark my score was as followed: EQ: 736 TU: 746. That was because I had no negatives, no inquires, nothing but one card with 6 months of history. Just be patient and your scores will thank you for it.

Shouldn't you have had at least 1 inquiry from the one card you applied for though? I have no negatives, but 6 inqs on TU and under 5 inqs for EQ/EX. Maybe scores might be a little lower than yours because of the inquiries.

I'm gonna wait another 6 month to build history with my DCU Visa first, then ask for a CLI. I'll be at my 1 year mark by that time and I'll probably be approved for prime cards with high limits.

Re: First Fico Scores.

creditnocash — Sat, 15 Dec 2012 03:45:37 GMT

@Anonymous wrote:
@bluesnowman wrote:
When I first pulled my reports at the 6 month mark my score was as followed: EQ: 736 TU: 746. That was because I had no negatives, no inquires, nothing but one card with 6 months of history. Just be patient and your scores will thank you for it.
Shouldn't you have had at least 1 inquiry from the one card you applied for though? I have no negatives, but 6 inqs on TU and under 5 inqs for EQ/EX. Maybe scores might be a little lower than yours because of the inquiries.

I'm gonna wait another 6 month to build history with my DCU Visa first, then ask for a CLI. I'll be at my 1 year mark by that time and I'll probably be approved for prime cards with high limits.

i started my credit journey a little over 2 years ago. (first card was 10/10)

i didnt look at my scores but with a year and a half of credit no negs it was around 665. but i had 3 inqs on each report.

after i paid down my util (at the time it was 80% to 8%) my score jumped to about 730 and then i let the inq pile on. and dropped my aaoa now sitting at 690's

now i went from 3 accounts too 10 so yeah. but i went from 3100 in credit to 20k so that also played a factor.

as long as you always pay(no lates etc) and dont spend what you cant pay

only apply for what you need not what you want

you will be golden.

Re: First Fico Scores.

Anonymous — Sat, 15 Dec 2012 03:53:03 GMT

I've always PIF and I keep my utilization at 5-9%. First 3 months I kepted it at 20%, but then I read 1-9% is better to help with your Fico Scores.

Re: First Fico Scores.

creditnocash — Sat, 15 Dec 2012 03:57:39 GMT

@Anonymous wrote:
I've always PIF and I keep my utilization at 5-9%. First 3 months I kepted it at 20%, but then I read 1-9% is better to help with your Fico Scores.

if your not applying for credit or cli utilization really doesnt matter. obviously you dont want to be at 80% for years but your score doesnt remember your balances from 6 months ago. its really the 2 months before i app i pay it down to 1-9 percent

besides who wants to pay all that interest.

Re: First Fico Scores.

webhopper — Sat, 15 Dec 2012 04:57:26 GMT

My.first score ever pulled was a fakos. It was sub 400..... its been a long journey since then!