@Thomas_Thumb wrote:
@NoHardLimits wrote:
@Horseshoez wrote:
@EW800 wrote:Following some very ugly times, I was able to get 850's across the board for FICO 8 by having an open auto loan and doing the AZEO on credit cards. I was able to maintain that for a couple/few years, however got whacked 10-12 points or so when paying off the auto loan and entering into a mortgage. I am trying now to get them back to 850. I know it really does not make much difference, but just kind of a fun goal I have to get back to the 850's.
If I was to have left things along I would have most likely gotten up to, or very near 850 by some time later this year.
I just got my EX FICO8 score back up to 850 this month after my newest account aged past 1 year. EQ and TU are still several points behind. My portfolio is different from yours in that I no longer have an open loan. So, I'm not sure if I will ever be able to get back to 850s across the board no matter how long I wait. I'm also planning to apply for a new credit card (SUB chasing) in less than 2 weeks, so my single 850 will soon be gone.
Same boat. No open loan. TU Fico 8 and EQ Fico 8 have stalled at 845. EX is less sensitive to # cards with balances than either TU or EQ.
I let balances report naturally and hover in the AZE2-AZE4 range. I refuse to practice AZE1.
Do you practice AZE1? If yes, I wonder why EQ and TU are limiting your score.
No, I don't intentionally practice AZE1. I try to have less than 50% of accounts reporting a balance with most months hovering in the AZE3-AZE5 range. Next month will probably be AZE7 which would put me over 50% of accounts. It will be interesting to see if that causes any significant movement in scores.
@Thomas_Thumb wrote:
@NoHardLimits wrote:
@Thomas_Thumb wrote:
@NoHardLimits wrote:I just got my EX FICO8 score back up to 850 this month after my newest account aged past 1 year. EQ and TU are still several points behind. I no longer have an open loan. So, I'm not sure if I will ever be able to get back to 850s across the board no matter how long I wait. I'm also planning to apply for a new credit card (SUB chasing) in less than 2 weeks, so my single 850 will soon be gone.
Same boat. No open loan. TU Fico 8 and EQ Fico 8 have stalled at 845. EX is less sensitive to # cards with balances than either TU or EQ. So, able to reach 850.
I let balances report naturally and hover in the AZE2-AZE4 range. I refuse to practice AZE1.
Do you practice AZE1? If yes, I wonder why EQ and TU are limiting your score.
How much did your scores drop when the new card was opened in May?
No, I don't intentionally practice AZE1. I try to have less than 50% of accounts reporting a balance with most months hovering in the AZE3-AZE5 range. Next month will probably be AZE7 which would put me over 50% of accounts. It will be interesting to see if that causes any significant movement in scores
Looking at your latest scores and comments upthread it appears that opening the new CC is costing you 10 points on EX and TU. Drop on EQ where the inquiry shows is in the range of 16 points (based on a recollection of pre card scores being: 850, 844 and 843 for EX, TU and EQ, respectively)
I paid for a myFICO one-time 3 bureau pull immediately prior to filling out the online application for my latest CC. Before applying, my classic FICO8 scores were EQ841, EX850, TU841. After the new account started reporting, my first available free FICO8 scores were EQ830, EX843, TU834. This amounts to -11 on EQ, -7 on EX, and -8 on TU. Of course, these score changes cannot solely be attributed to the new account reporting since other parameters (such as total balances, individual balances, and the number of accounts with balances) would have also changed in the interim. However, I agree with your observations that all 3 scores dropped and that EQ dropped the most due to the presence of the new inquiry at that bureau. The most interesting finding has been that my EX FICO9 score did NOT drop and remains at 850 today, almost 4 months after opening my latest CC.
