CREDIT SCORE DROPPED. I DONT UNDERSTAND FICO SCORING!

[Anonymous]

If you have no loans of any kind, you should look into the Share Secured Loan Technique.  It's not just adding a loan, but a technique behind what you do when you get it.

The SSL Technique typically adds about 30 points or so to your score.

[909]

OP (tutheather22), you’re doing well learning about credit scoring and how to control your scores. Good job!

You’ve also said that the red decreases make you sad. I’m going to recommend that you also look into separating your self-esteem from your credit score. I’m going a bit off-topic and this is easy to type but extremely difficult to put into action. That said, you’re much more than your credit scores! I’ve been in the same place as you and sometimes I go back there but it’s not a great place to be. It’s important to manage your finances and credit scores but it’s also important to separate your sense of self-worth from these parts of your life. Too many things out of your control can change and self-perceptions should not be driven by those things.

Signed, from the department of easy-to-say-but-hard-to-do.

[HeavenOhio]

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@Anonymous wrote:

Chase FU will report a zero balance to CRAs within a day or two of payment. I know, I accidentally let it report zero ( due to a credit)  mid cycle and I lost points like you did. Easy to fix, hate the wait.

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Chase will report whenever you call and ask them to. If all of your cards are at zero and it's worth the bother to get your points back quickly, call in and ask Chase to report once you have a positive balance.

[Anonymous]

Nice comment by 909.  Everything you do connected with credit (and also with money in general) should be driven by cool, detached thinking, completely separated from emotions (like fear, anger, elation, self-affirmation, perceived self worthlessness, thrills, greed, etc.).  That's the shrewd advice of William Bernstein about investing and retirement planning: that people get into huge trouble by allowing emotions to affect their judgment about money.

Emotions are awesome of course: but their place is in things like falling in love, watching a scary movie, riding a rollercoaster, playing with your kids, etc.  Not improving your credit, choosing whether to get a card or a bank account, or how you invest or spend money.

[Anonymous]

Agreed! Agreed! Agreed! I woke up today with a better attitude towards it all after reading everyones responses and advice. Those points will come back, plus more. A year from now, or maybe sooner, those credit scores will be all good. Its the weekend, im going to enjoy it, not going to stress it. On Monday, im going to read more about the SSL loan that was suggested. I definitely will be taking that into consideration. Thank you ALL very much. Each one of you helped more than you know