First Time Cracking 700 (and confused)

[ficonovice]

I've recently paid off most of my credit cards and have been monitoring my TrueCredit and Fico scores closely. Experian FAKO actually went down 22 points after a credit card reported a 0 balance which previously reported an $1800 balance. Score dropped from 704 to 682. At that point I had to check my Fico and the score went up from 695 to 723. My first time in the 700 club. Now, being **bleep** retentive, MyFico still tells me I'm below average and I'm temporaririly bummed out, but I'm getting over it. In the next 10-15 day's my other credit cards should be reporting 0 balances and hopefully scores will keep going up.

Thanks to this site I'm moving upward and I appreciate everyone's advice.

FICO® Score Summary

Your Experian FICO® score: 723

On December 4, 2007

Your Experian FICO® score is good

Your score is below the average score of U.S. consumers, though most lenders consider this a good score.

• FICO® Scores range between 300 and 850®
• Higher scores are better scores
• The higher your score, the more favorably lenders look upon you as a credit risk

[Anonymous]

Congrats!!1 But geesh couldn't the little chart at least give you a "very good"

[Anonymous]

If it means anything, I think your score is very good!

[Anonymous]

For what its worth I think you scores are VERY GOOD!!!!

[Anonymous]

ficonovice, super duper congratulations! Your scores are wonderful! Job well done!

[Anonymous]

Congrats!

[Red1Blue]

Congractulations with your new scores. I am at 6750 now and I hope I'll reach 720 soon. I am waiting for my scores to go up before I purchase the home.

[Anonymous]

Fico is a GRINCH - your score looks great!

[Anonymous]

Perhaps with the implementation of FICO08, there will be a re-alignment in the scoring, as to what comprises bad,fair,good,excellent credit. and that silly credit-o-meter. lol

[ficonovice]

Thanks. It is irritating that it's still considered below average according to their charts, and to me it's like reaching the top of Mt. Everest!

More exciting news for me: over the last few weeks I've gotten 2 BOA pre-approvals, but when visiting their web-site for pre-approvals it kept saying sorry, no offers for you. Today, 3 offers--BOA/AMEX, Visa Platinum Plus and a Rewards Visa. Credit Line = $3,500. I'm assuming they're checking my recently updated Experian report because it's the only one to list my new address and I was prompted to verify my address before the offers appeared.

Now I'm going to wait a few weeks to see if my score goes higher after my next 5 cards report 0 balances. I'm getting cocky and thinking maybe 750+!!!

Thanks again for all of your help and encouragement.