topic Re: Just an observation in SmorgasBoard

Board activity slowdown...

Anonymous — Sat, 23 Nov 2019 15:13:05 GMT

Is it me or did the board slow to a crawl? Noticed a drop off in activity lately and not only just here but other destinations with similar topic. Economy is pumping lately. Figured more involvement here would follow. Maybe i didnt get the memo from Mike in accounting 🤣

Re: Board activity slowdown...

AverageJoesCredit — Sat, 23 Nov 2019 16:43:15 GMT

I noticed this in the month of October. Even November. I think the 18th was most active approval day i had seen in awhile. If i made money like many here id be active as FICO😄✌🎄😎

Re: Board activity slowdown...

Anonymous — Sat, 23 Nov 2019 18:29:53 GMT

I originally posted in the Business Credit board as that's what I observed as slowing to a snails pace. Its like everyone disappeared. Hopefully not an omen of the overall economy. The main boards seem about as active as I recall. Still new here so this may just be the normal cycle. The OG's would know for sure.

Re: Board activity slowdown...

Anonymous — Sat, 23 Nov 2019 18:38:53 GMT

I think there's a lot of cyclical behavior across all of the categories\subforums. If you look at the GC posts per month you can see a noticeable pattern of how the time of year affects general forum involvement.

Just an observation

mikesonthemend — Thu, 16 Jan 2020 04:01:34 GMT

Anecdotal at best, but have the number of threads in the Credit Cards Approval section dropped significantly?

Re: Just an observation

kerplunk — Thu, 16 Jan 2020 04:15:35 GMT

Like the actual number dropped or the amount of new posts in that forum have dropped?

Re: Just an observation

mikesonthemend — Thu, 16 Jan 2020 04:21:47 GMT

I meant new posts, as in new posts in the approvals forum. I understand it is not scientific and the audience is mostly credit seeking.

EDITED FOR CLARITY

Re: Just an observation

mikesonthemend — Thu, 16 Jan 2020 04:25:32 GMT

@kerplunk wrote:
Like the actual number dropped or the amount of new posts in that forum have dropped?

The number of new posts has dropped/

Re: Just an observation

GApeachy — Thu, 16 Jan 2020 12:59:34 GMT

Probably New Year's resolutions. Once THAT goes south, they'll pick back up (I could post mine but....shame )

Re: Just an observation

wasCB14 — Sat, 18 Jan 2020 21:32:04 GMT

More issuers are adopting 5/24-type rules, which restrains or at least limits bonus hunters a bit.

Credit standards seem to be tightening a little (but are still very loose).

There hasn't been a FOTM card since Apple.

There wasn't the wave of increased SUBs around Nov/Dec seen in some past years.

Re: Just an observation

NRB525 — Sun, 19 Jan 2020 00:37:54 GMT

Totally not scientific, but it may be possible that we are far enough removed from the Great Recession, and all the financial problems that seems to have created for many people here, that the proportion of Rebuilders may be dropping? And if Rebuilders are less common, then the rush to add new cards to Build may be reduced?

The restrictions on churning bonuses has an impact I'm sure.

Another unscientific observation, the proportion of "xx Bank shut me down" seems to be more common, where as 3 - 4 years ago the App Spree was popular.

Re: Just an observation

zerofire — Fri, 31 Jan 2020 02:03:00 GMT

@NRB525 wrote:
Totally not scientific, but it may be possible that we are far enough removed from the Great Recession, and all the financial problems that seems to have created for many people here, that the proportion of Rebuilders may be dropping? And if Rebuilders are less common, then the rush to add new cards to Build may be reduced?

The restrictions on churning bonuses has an impact I'm sure.

Another unscientific observation, the proportion of "xx Bank shut me down" seems to be more common, where as 3 - 4 years ago the App Spree was popular.

I think there is a combination of issues coming together to make a perfect storm. First it is approaching the end of the year which people like spending with family. Normal people and FiCO members are busy preparing for and sitting down for turkey on flambe or awaiting St. Nicholas to get himself stuck in the chimney on the way to more milk and cookies. Throw in the holiday shopping and there is little time to gawk at shiny plastic. Then you have the fact that it is 10 years since the 2009 housing crash. Anyone back then that filled a BK had it cleared at the beginning of 2019. By summer most people were out of rebuilding and are regular members of society. This leads me to another point where today people are more conservative in their leading choices. They are going to shy away from getting that new card. People will be getting their cards one at a time with banks encouraging that behaviour. In the end people will not be having streams of approvals any more.

Re: Just an observation

coreysw12 — Sat, 01 Feb 2020 00:42:04 GMT

I stopped posting for about 6 months, only just recently posting again in the last few days. Primarily I was using this forum to help my credit rebuilding journey, and that journey has kind of flatlined for the last 6 months (scores haven't really changed, and I know exactly what to do to make them go up, but I can't really do anything about it right now), and so I sort of lost interest in learning about it.

Also I really enjoy learning about new credit card products and offers, and there just hasn't been anything new and interesting in quite some time.

Re: Board activity slowdown...

Anonymous — Sun, 09 Feb 2020 21:48:40 GMT

I'd been a member of myFICO a few years back mainly to get a hold of my FICO score. The forum was also of interest although I think I ended up posting only one or two comments or replies. In terms of the forum's lack of posts or activity in general as of late, perhaps it's because of the likes of Credit Karma with its VantageScore scoring model and consumer information in addition to the number of credit card issuers now providing actual FICO scores on a semi-regular basis; ones like Amex, Discover, Citibank and Barclays to name a few. I'm guessing there's now so much credit data that's available from numerous sources both in terms of scores and credit information in general the need for or interest in frequenting any particular forum is of less importance then in the past. That said however, I know I find some of the discussions in the forums of definite interest and value and am glad myFICO along with its community forum is hanging in there.