Want to App 3 CC's - better to do it before or after Applying for New Auto Loan?

[pinkandgrey]

Definitely car loan first. The car loan and its rate are more important than the CCs.  

[Anonymous]

I think the MYFICO scores or alerts is broke!  I just recived an alert my TU score increased to 813.   I don't think that is possible, AZEO won't calculate until Dec 15 and it still shows my previous higher loan balance as the rest of the TU FICO scores look the same at this moment.

[Anonymous]

Local1 Congratulations again! Number one what was your previous TU FICO score?

Secondly don’t expect to see updated negative reason codes until you update your 3B on MF. All you’re going to see is the alert and the score change.. Whenever you do the 3B update the negative reason codes will update.

Looks like that was your payday for the loan payment being reported. Was there any other alert with it? have you had any other recent balance changes? remember TransUnion and Equifax lag behind Experian, so it’s expected the score changes would hit subsequently.

[Anonymous]

By the way the only score that updates regularly is version 8. That’s why you didn’t see any of your other scores change. You won’t until you do your update with 3B.

The only thing we get regularly from a MF subscription is alerts which provide any updated version 8 scores. That’s it.

You have to pull the 3B to get all other data including negative reason codes and all the other scores.

[Anonymous]

I just went back and looked at your updated post one. The scores are a little confusing. Am I to understand correctly you just got 100 points on TU? Because paying down the loan, I don’t think gave you 100 points. Something else had to happen. Did you reduce utilization? Something else changed.

Nevertheless you’re sitting pretty. I can’t wait to hear the negative reason codes and all the scores. Looks like this turned out even better than you had imagined or hoped hey?

[Anonymous]

Yes100pts in 5 days?

[Anonymous]

Yes, I know the scored got kind of confusing because I was taking them from creditchecktotal and MYFICo as they updated but it seems the credit alerts I get, do not exactly correlate with the score changes -  posted timeline pics to clear it up but TU did jump 100 pts in the last 5 days from 713-813, just don't understand the last jump yesterday though.  (not complaining) 

 It went from 713 to 774 when the CO came off on Nov28 and then reports 774 again on DEC 2 for paying off Savor CC ($80) but there's no alert or reason for todays increase to 813 out of the blue.   

My 3B pull is due tommorrow so I can see all the FICO scores in real time again, didn't know they didn't update when the main FICO score changes.  Creditchecktotal is reporting the loan paid down on my EX only so far - causing it to jump to 760...  but there is nothing in MYFICO acknowledging the loan paid down yet - never realized how paying down such small amount could make scores move like this...  but it looks like that CO was preventing any significant increases from happening prior to that....

I hope most of my confusion is cleared up tmmrw with the new 3B...  but I am just floored....  never expected to see this after being in the mid 600s most of yr.

[Anonymous]

Check it out. The lenders report simultaneously to the 3 CRAs, but each CRA take its time (interstitial time) to actually take that update and put it in their system and made live. EX is typically quickest, IMHO, and EQ and TU take time, sometimes...but, sometimes they will surprise you, YMMV.

As for TU, it sounds as if the 100 points is a combination of factors: First the CO being removed put you in a new scorecard which is responsible for most of the change. Then the paydown paid you nicely as well!

You're doing great! Keep us posted! Congratulations!

[Anonymous]

so just found out new vehicle could be ready to ship on Monday and be at dealer by end of next week....  so I thought I would try my first loan app with Navy Fed as they pull TU and I'm at 2/12 INQ's on TU (March 2019)....  I opened a checking acct w/ them a few weeks ago and now just submitted the online loan app and got a message "we are reviewing your info and should recive an email in 2 hours....."   Then received a denial email 90 minutes later.....  Instantly notified that my TU account was hit with a HP.....   hhhhhmmmmm.   

Income is $98k, monthly expenses $550, requested loan amount $55k......   1 self lender loan 90% paid off from April $48 bal.   - 12 credit card accounts and AZEO at less than 1% Util.  My TU score is now 815 and suprised I burned a HP on it here.  My credit history is longer than 19 years but I have not had any loans since I paid off my last auto loan and mortgage in 2005-2006 until I did the self-lender last April.

(**EDIT -  Just received alert from Credit Karma also got hit with HP from EQ.....   EQ  Fico 8 = 799)

most recent MYFICO pull  ----    Dec 15

FICO 8   -                                    815

Fico Auto Score 8  --                838

Fico auto score 4   --                791

Fico Bankcard Score 8  --        851

Fico Bankcard score 4    --      781

Fico Score 4   --                        778

Fico 9  --                                   839

Fico Auto Score 9  --              843

Fico Bankcard Score 9  --      849

Oldest Acct  19 years 1 month.....   AAoA  =  5 yrs 6 months   AAoYA - 8 months  INQ's 0/6    2/12

I do not have any negatives on TU...  although I have (1) 30 day late from Cap1 that shows on EX, EQ from 2015.

[Anonymous]

@Anonymous Sorry to hear about the Navy denial; send them a request for reconsideration via Secure Message.