HELP,MY SCORE DROPED FROM 820!

[Anonymous]

Won't say that since you have a combination of factors here, I will say however that in 6 mos at least the inquiries wont hurt as much and that is the first age line for new accounts to positively influence your score.

Message Edited by Brammy on 09-09-2007 02:29 PM

[Anonymous]

BTW FICOADDICT why are you worrying about your scores, you are still prime fodder.

[Anonymous]

Ok, (1).  I will only utl 3% or less on all three cc's every month.

       (2).  I paid down the car loan vereses  high balance and to amoritize the loan to 25 months.

        (3). No more inquirys

        (4). inquirys will be 1 year old this month and next. and spring of next year.

         So It  should go back above 800's  sooooon!

Message Edited by FICOADDICT on 09-09-2007 11:57 AM

[Anonymous]

For understanding. I want to stay 820 prime fodder!

[Anonymous]

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FICOADDICT wrote:

For understanding. I want to stay 820 prime fodder!

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Maybe this will help.  At your 760, improvement beyond that really wont get you better rates or offers.  Your scores are great

[Anonymous]

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FICOADDICT wrote:

Ok, (1).  I will only utl 3% or less on all three cc's every month.

       (2).  I paid down the car loan vereses  high balance and to amoritize the loan to 25 months.

        (3). No more inquirys

        (4). inquirys will be 1 year old this month and next. and spring of next year.

         So It  should go back above 800's  sooooon!

Message Edited by FICOADDICT on 09-09-2007 11:57 AM

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1-9% overal is optimum.  I cant say what will happen to the scores because the effects depend on a variety of things including your tiers. The higher the score, the harder the hit. If the FICO formula could be reverse engineered with such ease, Fair Isaac would be out of business.  Just do what you have always done to keep those great scores and you should be fine.

[Tuscani]

Sorry, I just feel the need to call BS when it applies.

OP.. There is no difference between 760 and 850 aside from bragging rights.

[Anonymous]

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Tuscani wrote:

Sorry, I just feel the need to call BS when it applies.

OP.. There is no difference between 760 and 850 aside from bragging rights.

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Shame on you Tuscani...lol!!! Will you stop calling BS

FICOADDICT sounds like my mom.  840 but wants to know WHY she's not 850.  Some people just want to be the best!!!! LOL!!!

Come to think of it... Mom is that you????

Message Edited by Brammy on 09-10-2007 09:47 AM

[Anonymous]

my guess is the inquiries are what is hitting you--I don't by the revolving-convert to installment. I guess it pays to use all credit accounts every once in awhile. I have heard that will cause scores to drop. I've even had a credit grantor close one of my accounts because I never used it for 2 years. Make sure this doesn't happen to you, or anyone you know.

This whole credit game is a silly one we need to play, but then again life isn't easy.

[Tuscani]

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Brammy wrote:

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Tuscani wrote:

Sorry, I just feel the need to call BS when it applies.

OP.. There is no difference between 760 and 850 aside from bragging rights.

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Shame on you Tuscani...lol!!! Will you stop calling BS

FICOADDICT sounds like my mom.  840 but wants to know WHY she's not 850.  Some people just want to be the best!!!! LOL!!!

Come to think of it... Mom is that you????

Message Edited by Brammy on 09-10-2007 09:47 AM

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I call BS that FICOADDICT is your mom.