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CJ question

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Senior Contributor

CJ question

Just used hubby's new CJ account and bought an overpriced Fossil watch ... so now we have a $57 balance on a $2500 account.

I don't suppose anyone knows how long 'til it reports? Also, does anyone know how many points (estimated) we can hope to see from this and a new Orchard Bank TL?

And another stupid question: does the higher the CL mean a bigger boost (separate from util, I mean)? Does FICO score higher with higher CLs?

TIA!!

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Hubby's FICOs when we started: high 400s (June 2008)
Hubby's FICO NOW (04/06/09): TU: 679 EQ: 608 EX: ???
My FICOs: TU: 643, EQ: 606
Closed on new home: 1/20/2009 -- If we can do it, YOU can do it!!

Message 1 of 4
3 REPLIES 3
Valued Contributor

Re: CJ question

Crown Jewelers usually  report...the first week of the month...so it will update then...it usually first reports...with a $0 balance....and it does help overall UTL...
Message 2 of 4
Moderator Emeritus

Re: CJ question

In my experience and from what others have posted.....they report the first month with a $0 balance. They updated at the beginning of the month for me.
 
As far as score changes, YMMV. Really depends on what is already on your report. Use the FICO simulator if you pulled your reports here.
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Message 3 of 4
Senior Contributor

Re: CJ question

I did use the FICO Sim, but it only allows for the addition on one new credit account. Smiley Sad It also has us slipping by about 20 points, too.

I was hoping that the Sim wasn't right and that we'd see an increase.

Our dings are lates as recent as April (but more than current now) on a car note (both of us) and a SL (hubby). I got a new collection about 2 months ago (am HIPPAing that one) and hubby's newest collection is about 4-5 years ago.

~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*~*

Hubby's FICOs when we started: high 400s (June 2008)
Hubby's FICO NOW (04/06/09): TU: 679 EQ: 608 EX: ???
My FICOs: TU: 643, EQ: 606
Closed on new home: 1/20/2009 -- If we can do it, YOU can do it!!

Message 4 of 4
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