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On April 10, 2012
I've been hovering in the high 700's forever it seems. Just got this from score watch today! It jumped from 795 to 804 after I let one credit card report a balance (other than my AMEX charge card, which doesn't account for utilization). I'm also thinking I may have had a boost because my mortgage balance went under 50% of the original loan amount, which I've heard (although I don't know for sure) is something that FICO likes to see. I'm hoping TU and EX will follow later this week when PSECU and Walmart report.
Here are the stats I have that may be of interest:
Oldest Account: 26.2 years
Average Age of Accounts: 11 years
Utilization 1%
1 CC account reporting <1%
No lates, collections. public records
Wow. Yay u!
Congratulations! I hope to have a similar story one day! P.S. Your stats were helpful. Thanks for sharing.
@android01 wrote:Your Equifax FICO® score:804On April 10, 2012
I've been hovering in the high 700's forever it seems. Just got this from score watch today! It jumped from 795 to 804 after I let one credit card report a balance (other than my AMEX charge card, which doesn't account for utilization). I'm also thinking I may have had a boost because my mortgage balance went under 50% of the original loan amount, which I've heard (although I don't know for sure) is something that FICO likes to see. I'm hoping TU and EX will follow later this week when PSECU and Walmart report.
Here are the stats I have that may be of interest:
Oldest Account: 26.2 years
Average Age of Accounts: 11 years
Utilization 1%
1 CC account reporting <1%
No lates, collections. public records
Amazing and inspiring Thanks so much for sharing! Congratulations on your success
CONGRATULATIONS!
Congratulations as well!
I just received my Amex Gold and they've backdated to 1983. Puts my AAoA from about 7 years to over 11 and hopefully will boost my mid 700 scores a bit.
Hope to join you soon.
Congrats! I can't wait to get to the 800 club!
Congratulations!!!!! Feels great when you've made it over a desired threshhold, and this is quite a threshhold! What a great score!
Awesome!
Always nice to see someone breaking 800. It really is the line of demarcation from "excellent" to the "best" credit rating.
Thanks, guys!
The interesting thing about the move upward seems to have something to do with my mortgage going under 50% of the original amount. That's the only thing that really changed in my reports. So, I did a little reading here and elsewhere, and I've discovered that the 50% mark on mortgages and installment loans seems to be a threshold for FICO scoring in some way. I never knew this before. This would explain a 10 point rise in my score that I can't explain any other way, but I'll take it!