800 With Only CCs

[Gregory1776]

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@Varsity_Lu wrote:

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@FicoMike0 wrote:

Go bucks!

I'm in a similar situation. Recovering from credit retirement. Mortgage and car loans all over the 10 year event horizon. No baddies, but two years ago I was unscorable. My age metrics and fico scores are being propped up by a couple of accounts that closed about 8 years ago.

I started about 22 months ago, my longtime bank huntington fixed me up with their MasterCard and a $500 cl. This account then made me scorable. I'm up to 8 cards now,  cl > $50k. I've been doing azeo, aze3 now.

My concern is that when those closed accounts disappear, my scores will crash. To guard against this, I opened a ssl with penfed. Got a 30-40 point boost, cost ~$10. I'm now above 800, except ex, at 794. 

I'm planning to have my aoya pass 12 months about the same time I lose the old accounts.

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"Unscorable".  That's exactly what happend to me two years ago.  I was putting an addition on my house and tried to get some same-as-cash deal at Lowes and they rejected me.  I was like, "Dude, I have zero debt and $70k sitting in my savings earmarked for this project and you are telling me I am a risk?"  Needless to say I was ticked and decided to open an accout to get the score rolling.  Your story seems similar to mine.  

By the way, I just opned the Huntington Voice card.  I plan to use it only for my utilites since I have my other big categories covered.  What has your experinece been with that card & Huntington?

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When $0 debt means you cannot manage your money. 🙃

[Anonymous]

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@Varsity_Lu wrote:

What has your experience been with that card & Huntington?

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No experiance with, so no opinion of, their card services.

But, repeatedly the most inept in-branch Customer Service of any bank I have ever dealt with.

[Anonymous]

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@NoHardLimits wrote:

Mommy and Daddy have multiple credit cards.  Credit cards are small rectangles made of plastic or metal which let us buy things like toys, clothes, and food.  A sorcerer named FICO watches over what Mommy and Daddy do with their credit cards and proclaims some activities to be "naughty" and some to be "nice".  The sorcerer gives points for "nice" and takes away points for "naughty".  We can use all the cards every month and still be deemed nice.  But if we don't pay off most of the bills by Statement Eve, the sorceror will say we are "naughty" and punish us.  The sorceror sometimes also plays tricks on us and punishes us if we accidentally pay off ALL of the bills by Statement Eve and banishes us to "All Zero Land" until next Statement Day.  

To avoid being punished, we have to be careful about which cards to not pay off until after Statement Day.  We have to make sure at least one card isn't paid off.  But, that card can't be:

- a retail store card

- a card from bank named Chase

- special kinds of cards from a bank named Amex.  The special cards have colorful names like Green, Gold, Platinum, and Black (Centurion).  Those are special because the bank lets us buy all kinds of things every month as long as we promise we have enough cash to pay for everything really fast.

Another way that the sorcerer tries to trick us is to see if Daddy is allowed to use a card that belongs to Mommy, and also if Mommy is allowed to use a card that belongs to Daddy.  If it's allowed, then the "naughty" and "nice" decisions apply all over again.

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Amex needs to release the "Magic Missile" credit card.

[Varsity_Lu]

@FicoMike0 @Thomas_Thumb @Anonymous @NoHardLimits @AndySoCal @coldfusion 

Well, well, well. I received a letter today from Huntington. I applied and got a Voice card last weekend and they snail mail you the score from the report they pull which in this case was TransUnion. Drum roll please...

812!

I was shocked to say the least. I know my Experian score from AmEx and Equifax from myFICO (free plan), but I never knew my TransUnion score until this letter came. Feels pretty good.

Looks like I made it! Where's the party?!?

[FicoMike0]

My experience with Huntington has been great. They have a branch I can walk to. They give me a free check when I need one. I suppose my expectations are low.

When I was unscorable, they approved me for a credit card. Low cl, low clis since. There when I needed them.

They give my tu fico8 free in their app, mines also 812.  Updates once a month. They also caught a fraudulent charge on my card, immediately texted me, said they were disallowing it unless they heard from me otherwise. Probably saved me some grief.

[Fletcher2]

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@coldfusion wrote:

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@Varsity_Lu wrote:

@SouthJamaica 

So, leave one account unpaid until I get the "Your Statement is Ready" email from them. Then pay it? Honestly, I don't even know when my account statements happen because my account are at zero 99% of the time.

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This only works correctly if the 1 card in question is a Visa or Mastercard - doesn't work correctly with a store card or AMEX as the card reporting a balance - and the card is NOT issued by Chase.  Chase as a matter of policy updates mid-cycle when a card with a reported balance is paid down to $0 so isn't a reliable choice for this technique (AZE0 - All Zero Except One).

Regarding the afore-mentioned AU card penalty, there can be a small penalty on the order of 5 points +/- if you have at least 1 open card reporting you as an AU and no card that reports you as an AU is also currently reporting a balance.

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Why doesn't this work with Amex?!?!? I ask, as I have one last 0% TL turning into a pumpkin in 7 days, so just scheduled payment to PIF; so my plan going forward was to let my daily-driver—Amex Hilton—report ~$270ish a month for an even 1%, then PIF the day the statement cuts.  

Now you have me second guessing my strategy. Please advise.

[FicoMike0]

It works fine with amex, if it's a credit card. Their famous green, gold and plat. cards are charge, not credit, cards.

Also, usb reports on the last day of the month, regardless of the accounts post or due date. Not really a wildcard like chase, you can still use this them.

[Zoostation1]

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@Thomas_Thumb wrote:

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@Zoostation1 

Single card only with no open or closed installment loans on file and no AU revolving accounts open or closed? Classic Fico 8 score, not an industry option bankcard or auto version?

The file appears too thin for a score in the 790s at such a young file age. Could the poster be excluding closed accounts? An inactive file with only closed accounts becomes unscoreable. However, such accounts will help boost score once an open account becomes active.

We had a new to credit member, Subexistence, reach 800 at age 20 (thread dated 10-5-2018). His AAoA was under 3 years and he had no AU accounts. However, he deployed all the score boosting tricks at the start of his new credit journey at age 18. Strategy included: getting +3 credit cards (he had 5), a PLOC and a SSL that was paid down to below 9%. By age 20 his youngest account was over 12 months old. He also practiced AZE1.

He pulled a 3B report. Classic Fico scores above 800 included: EQ Fico 8 807, EQ Fico 9 825 and EX Fico 9 807.

Thread title: "Turned 20 and over 800 credit score without AU"

https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Turned-20-and-over-800-credit-score-with...

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I went back to look at the thread on the other site but for the number of days it's been site down so I can't read back through and make sure I didn't miss something.