FICO Score, how in earth?

[pokerpro]

I just noticed an absurd difference

EQ FICO score between 8/1 and today

8/1 (687) - You have been paying your bills on time which helped your score, last missed payment was 3 years 10 month ago,

9/2 (694) - Your last missed payment was too recent which hurt your score, last missed payment was 3 years 11 months ago

I mean, for crying out loud, I open a new account, so Utilization is lower so my score actually goes up

but one of the items that helped my score last month is now a detriment

no wonder i am addicted, its like a lottery pick every 30 days

Message Edited by pokerpro on 09-02-2008 02:20 PM

[fused]

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pokerpro wrote:

I just noticed an absurd difference

EQ FICO score between 8/1 and today

8/1 (687) - You have been paying your bills on time which helped your score, last missed payment was 3 years 10 month ago,

9/2 (694) - Your last missed payment was too recent which hurt your score, last missed payment was 3 years 11 months ago

I mean, for crying out loud, I open a new account, so Utilization is lower so my score actually goes up

but one of the items that helped my score last month is now a detriment

no wonder i am addicted, its like a lottery pick every 30 days

Message Edited by pokerpro on 09-02-2008 02:20 PM

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indeed it is

[Anonymous]

I feel your pain PokerPro

I hate EQ, 20 point drop in a month with no changes between the two reports.

Gaaawwwddd  they are killing me!!!!!!! 

Equifax 520   9/1/2008         540    8/1/2008

Mean while a +10 pt gain on TU and a +2 pt gain on EX

[Anonymous]

FICO Score, how in earth?

Don't ask..............nobody knows.

[pokerpro]

I am learning that now Cobra, and Fuse/ put it so nicely

I did add a Macy;'s account as an authorized user that goes back in 97, so I cant wait to see what the one will do

[wmarat]

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pokerpro wrote:

I just noticed an absurd difference

EQ FICO score between 8/1 and today

8/1 (687) - You have been paying your bills on time which helped your score, last missed payment was 3 years 10 month ago,

9/2 (694) - Your last missed payment was too recent which hurt your score, last missed payment was 3 years 11 months ago

I mean, for crying out loud, I open a new account, so Utilization is lower so my score actually goes up

but one of the items that helped my score last month is now a detriment

no wonder i am addicted, its like a lottery pick every 30 days

Message Edited by pokerpro on 09-02-2008 02:20 PM

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I usally ignore those "explanations"

[wmarat]

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cobra19 wrote:

FICO Score, how in earth?

Don't ask..............nobody knows.

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Barry might know

[haulingthescoreup]

pokerpro, I hate to bring up the "b" word, but this looks an awful lot like a new bucket, with slightly tighter standards than the old one.

Did your oldest account have a "birthday" in September (opened in September of whenever), or did your AAoA hit a nice round number? Either of these could have made you cross to a new age range and into a new score bucket of consumers with longer credit. What used to make you ahead of the crowd now has you in catch-up mode. (Buckets can also change with presence or removal of a BK, presence or removal of a serious derog, adding some accounts for those who only had 2 or 3, etc.)

[Junejer]

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@haulingthescoreup wrote:
pokerpro, I hate to bring up the "b" word, but this looks an awful lot like a new bucket, with slightly tighter standards than the old one.

Did your oldest account have a "birthday" in September (opened in September of whenever), or did your AAoA hit a nice round number? Either of these could have made you cross to a new age range and into a new score bucket of consumers with longer credit. What used to make you ahead of the crowd now has you in catch-up mode. (Buckets can also change with presence or removal of a BK, presence or removal of a serious derog, adding some accounts for those who only had 2 or 3, etc.)

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Uh-oh, the b-word. Generally, it is better for you in the long run poker.

[pokerpro]

hauling - actually none of my old accounts had a september birthday

plus by average age now went down from 3 years to 2 years due to being an authorized user on the AMEX.

Interestinlgy enough, I am looking at my experian report last night and under the inquiries that are NOT counted there is a notation for an AMEX Account review, when I am only an authroized user

I am really thinking about taking my name off, account was just opened two months ago so Its not like I am gaining much from it