70 Point Drop in CK Score

[Anonymous]

My new chase cc reported 2 days back and today I got a alert from CK. The CK TU score droped 70 points. My limited 6 months history has not baddies, keep util below 10% and 5 HP's. I thought new card generally increased the score due to decerease in util ratio.

[pizzadude]

Don't focus on your CK score -- it is a FAKO.   Just keep paying your CCs on time and you'll be fine.

[09Lexie]

First of all CK is a FAKO but you mentioned limited credit history and 5 HPs. Your profile is more susceptible to new accts and inq's because your file is thin. Garden your new account for at least 6 mos, 1yr would be best so that you're inq's won't count against your FICO

[Anonymous]

I plan to garden till 1 year anniversary of my PNC secure credit card. Will try to get cli through soft pull from Chase and CapOne.

[myjourney]

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@Anonymous wrote:

I plan to garden till 1 year anniversary of my PNC secure credit card. Will try to get cli through soft pull from Chase and CapOne.

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You took and applied great advice given by previous posters......... Bravo

[FICO_addiction]

I recently went on an app spree....i applied for 10 new cards only was approved for 7(which is good and bad)

i got the amazon.com store card(you should apply for the visa though...nowing now that i could have got it)

goody's

fingerhut

credit one(unsecured)

Matrix(dont do it)

total rewards visa(my favorite...had to do recon)

victorias secret

denied for:

barclay card advertised here at myfico (thin file)

BofA 123 rewards(lack of history.....I'm 30 years old)

carecredit visa(same reasons...plus inquires)

my scores were EQ:617 EX:637 TU:622

MY EQ dropped to 548

My TU dropped to 567

My EX dropped to 616

guess its common?!  just pay the card on time for a year you will be fine...I guess.I personally dont think anyone has this scoring figured out.  BEST OF LUCK TO YA THOUGH!!

[myjourney]

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@FICO_addiction wrote:

I recently went on an app spree....i applied for 10 new cards only was approved for 7(which is good and bad)

i got the amazon.com store card(you should apply for the visa though...nowing now that i could have got it)

goody's

fingerhut

credit one(unsecured)

Matrix(dont do it)

total rewards visa(my favorite...had to do recon)

victorias secret

denied for:

barclay card advertised here at myfico (thin file)

BofA 123 rewards(lack of history.....I'm 30 years old)

carecredit visa(same reasons...plus inquires)

my scores were EQ:617 EX:637 TU:622

MY EQ dropped to 548

My TU dropped to 567

My EX dropped to 616

guess its common?!  just pay the card on time for a year you will be fine...I guess.I personally dont think anyone has this scoring figured out.  BEST OF LUCK TO YA THOUGH!!

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It's truly time for you to garden

No more app's Lol

[09Lexie]

Truly!

[myjourney]

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@09Lexie wrote:
Truly!

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As my partner would say 

SHAKING MY HEAD

[asphaltcowboy]

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@myjourney wrote:

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@09Lexie wrote:
Truly!

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As my partner would say 

SHAKING MY HEAD

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DITTO!!!!