@Anonymous wrote:
I'm under the impression that inquiries weigh more into their score than FICO8. And it seems like average age means more to them as well. So if you're applying & opening cards, your score on CK suffers. The only time my score improves on there is when 1) collections update, 2) util decreases according to their scale or 3) accounts are added.
Example, my last update for EQ on CK was a 20 point increase when a collection was removed. And my last TU update was a decrease after I had applied for Amazon, Walmart & Barclays.
You might be on to something there. My CK scores were at their highest when I first started down the rebuild road. My credit was in the toilet but they were in the 700's. Once I began to app and get new credit they started slipping and my AAoA says I have 0yrs 4mths of history although in reality it more like 2yrs (would be higher but I've opened more credit accts than I ever had in the past).
I was like "WOW, my credit is golden! I should go out and buy a house, boat, truck and take lavish vacations. NOT!) But I couldn't figure out why they were so high when I knew the reality was something quite different. Then I got CCT and myFICO and reality set in. I instinctively knew these were right and started work on repairing the damage. Now my FICO's are respectable and I'm thankful for that.
Now I only watch CK as a novelty and it does catch some things before others do so I know they are coming. I wanted to set up something for newbies to understand how having a true picture of your scores is invaluable and not to rely on the CS's and CK's that are free.
