DEPRESSED and I give up with building good credit.

[Brian_Earl_Spilner]

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@FinStar wrote:

---

@Brian_Earl_Spilner wrote:

Car not reporting isn't gonna drop your score.

The closed account isn't going to drop your scores unless it drives your utilization above new thresholds. As for the closure, people have been charging to add people as AU to boost their credit scores. They probably assumed this was what's happening. You should have just bought gift certificates for everyone from the spa. Live and learn. You can try calling them up to recon the decision.

Also, there's no way you dropped around 200 points just from high utilization. Something else is going on. Collection, late payment, something.

---

Unfortunately, once SYNCB shuts down an account for these related reasons, it cannot be reopened. 

Often times, with other AA instances (e.g. 'blue envelope'), those have a better chance of getting reopened provided it satisfies SYNCB's Risk Team/FR requirements. 

---

Interesting. Did not know that. I assume the same would apply if fraud was suspected?

[FinStar]

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@Brian_Earl_Spilner wrote:

---

@FinStar wrote:

---

@Brian_Earl_Spilner wrote:

Car not reporting isn't gonna drop your score.

The closed account isn't going to drop your scores unless it drives your utilization above new thresholds. As for the closure, people have been charging to add people as AU to boost their credit scores. They probably assumed this was what's happening. You should have just bought gift certificates for everyone from the spa. Live and learn. You can try calling them up to recon the decision.

Also, there's no way you dropped around 200 points just from high utilization. Something else is going on. Collection, late payment, something.

---

Unfortunately, once SYNCB shuts down an account for these related reasons, it cannot be reopened. 

Often times, with other AA instances (e.g. 'blue envelope'), those have a better chance of getting reopened provided it satisfies SYNCB's Risk Team/FR requirements. 

---

Interesting. Did not know that. I assume the same would apply if fraud was suspected?

---

Correct.  It really depends on the situation, such as an individual ramping up too many SYNCB accounts in such a short timeframe.  These instances appear to be handled on a case-by-case basis. 

But, something like the above situation where it may be apparent or deemed by SYNCB as 'abuse' of an account typically gets the hammer.  Other types could be rewards abuse, excessive returns, 'questionable' transactions, etc. 

[Tinkerbell319]

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@Anonymous wrote:

A FICO score did not decrease because you paid one card off, while others still had a balance. Just not possible. It's possible other events coincided with the payoff that may have led to a decrease. 

I get it that you had the best of intentions, but AUs are typically not set up temporarily and frequently for thing such as holiday gifts, etc.  The AU activity most likely had a part in their closure decision. 

---

THE AU activity is exactly what happened in the closure, I stated that was the reason. 

[Tinkerbell319]

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@Brian_Earl_Spilner wrote:

Car not reporting isn't gonna drop your score.

The closed account isn't going to drop your scores unless it drives your utilization above new thresholds. As for the closure, people have been charging to add people as AU to boost their credit scores. They probably assumed this was what's happening. You should have just bought gift certificates for everyone from the spa. Live and learn. You can try calling them up to recon the decision.

Also, there's no way you dropped around 200 points just from high utilization. Something else is going on. Collection, late payment, something.

---

No lates on my report anywhere first of all. I haven't missed any payments, I would have stated that here. And my score dropped 200 points in the course of 3 months, no joke! In September 2019 I was in 720, and from there it went down hill when I started maxing my cards and carrying high balances. I got 3 cards down, and I drop 15 points. Now tell me something I don't know, cause I have no late payments. 

[Tinkerbell319]

---

@FinStar wrote:

---

@Brian_Earl_Spilner wrote:

---

@FinStar wrote:

---

@Brian_Earl_Spilner wrote:

Car not reporting isn't gonna drop your score.

The closed account isn't going to drop your scores unless it drives your utilization above new thresholds. As for the closure, people have been charging to add people as AU to boost their credit scores. They probably assumed this was what's happening. You should have just bought gift certificates for everyone from the spa. Live and learn. You can try calling them up to recon the decision.

Also, there's no way you dropped around 200 points just from high utilization. Something else is going on. Collection, late payment, something.

---

Unfortunately, once SYNCB shuts down an account for these related reasons, it cannot be reopened. 

Often times, with other AA instances (e.g. 'blue envelope'), those have a better chance of getting reopened provided it satisfies SYNCB's Risk Team/FR requirements. 

---

Interesting. Did not know that. I assume the same would apply if fraud was suspected?

---

Correct.  It really depends on the situation, such as an individual ramping up too many SYNCB accounts in such a short timeframe.  These instances appear to be handled on a case-by-case basis. 

But, something like the above situation where it may be apparent or deemed by SYNCB as 'abuse' of an account typically gets the hammer.  Other types could be rewards abuse, excessive returns, 'questionable' transactions, etc. 

---

Care Credit being closed down is not really a big deal to me... I never used the card to began with so it was going to get closed for no activity anyway. That's why I just added my friends and family to it, not thinking it was a big deal, really didn't think about it. I just liked to have the account on my credit as a positive entry. But losing care credit, is not really a big deal, and I don't care if I ever get it again. 

[Brian_Earl_Spilner]

---

@Tinkerbell319 wrote:

---

@Brian_Earl_Spilner wrote:

Car not reporting isn't gonna drop your score.

The closed account isn't going to drop your scores unless it drives your utilization above new thresholds. As for the closure, people have been charging to add people as AU to boost their credit scores. They probably assumed this was what's happening. You should have just bought gift certificates for everyone from the spa. Live and learn. You can try calling them up to recon the decision.

Also, there's no way you dropped around 200 points just from high utilization. Something else is going on. Collection, late payment, something.

---

No lates on my report anywhere first of all. I haven't missed any payments, I would have stated that here. And my score dropped 200 points in the course of 3 months, no joke! In September 2019 I was in 720, and from there it went down hill when I started maxing my cards and carrying high balances. I got 3 cards down, and I drop 15 points. Now tell me something I don't know, cause I have no late payments. 

---

A clean report that takes a derogatory will drop 70-90 points. Completely maxing your cards will hit you for 70-90 points.  Are you posting VantageScores and not FICO? Because again, without some severe derogatories, your score doesn't just drop 200 points because your cards are maxed.

[Remedios]

So, you got rid of that Fingerhut charge off?

Good for you, I've never heard of them removing charged off accounts before. 

[Anonymous]

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@Brian_Earl_Spilner wrote:

---

@Tinkerbell319 wrote:

---

@Brian_Earl_Spilner wrote:

Car not reporting isn't gonna drop your score.

The closed account isn't going to drop your scores unless it drives your utilization above new thresholds. As for the closure, people have been charging to add people as AU to boost their credit scores. They probably assumed this was what's happening. You should have just bought gift certificates for everyone from the spa. Live and learn. You can try calling them up to recon the decision.

Also, there's no way you dropped around 200 points just from high utilization. Something else is going on. Collection, late payment, something.

---

No lates on my report anywhere first of all. I haven't missed any payments, I would have stated that here. And my score dropped 200 points in the course of 3 months, no joke! In September 2019 I was in 720, and from there it went down hill when I started maxing my cards and carrying high balances. I got 3 cards down, and I drop 15 points. Now tell me something I don't know, cause I have no late payments. 

---

A clean report that takes a derogatory will drop 70-90 points. Completely maxing your cards will hit you for 70-90 points.  Are you posting VantageScores and not FICO? Because again, without some severe derogatories, your score doesn't just drop 200 points because your cards are maxed.

---

This. Are you referencing FICO this time?  The last time you mentioned depression about score decreases, after a previous card maxing session, you were quoting Vantage Scores. 

We are all taking FICO here. The score changes you mention don't jive with FICO behavior, however. 

[K-in-Boston]

I have to agree that something else is going on here.  Either lates or charge offs or judgements in addition to high utilization or these can't be FICO scores.  I was at 80-90% overall utilization for years and scores were still right at 700 since everything else was good.

[Tinkerbell319]

---

@Brian_Earl_Spilner wrote:

---

@Tinkerbell319 wrote:

---

@Brian_Earl_Spilner wrote:

Car not reporting isn't gonna drop your score.

The closed account isn't going to drop your scores unless it drives your utilization above new thresholds. As for the closure, people have been charging to add people as AU to boost their credit scores. They probably assumed this was what's happening. You should have just bought gift certificates for everyone from the spa. Live and learn. You can try calling them up to recon the decision.

Also, there's no way you dropped around 200 points just from high utilization. Something else is going on. Collection, late payment, something.

---

No lates on my report anywhere first of all. I haven't missed any payments, I would have stated that here. And my score dropped 200 points in the course of 3 months, no joke! In September 2019 I was in 720, and from there it went down hill when I started maxing my cards and carrying high balances. I got 3 cards down, and I drop 15 points. Now tell me something I don't know, cause I have no late payments. 

---

A clean report that takes a derogatory will drop 70-90 points. Completely maxing your cards will hit you for 70-90 points.  Are you posting VantageScores and not FICO? Because again, without some severe derogatories, your score doesn't just drop 200 points because your cards are maxed.

---

Yes this is Vantage Scores from Credit Karma. Now educate me here... I know Vantage scores is usually points behind, I know because I had MYFICO scores for the first 6 months of 2019 and I would compare MYFICO to CREDIT KARMA and it would differ... however, the score drop is still accurate correct? It still would have dropped for MYFICO, I haven't renewed my subscription to know. I love Credit Karma because of the easy free access and the updates every seven days.