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Is EQ removing AU's from CR?

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Super Contributor

Re: Is EQ removing AU's from CR?

Iv Hey I got a question about those LN codes. Retail cards are adverse and high credit limits on retail accounts are adverse. Do retail credit limits count in average credit limit? Because if they are, then doing a CLD to get a lower retail credit limit would hurt your overall average.

I didn’t even think about them using an SP until you mentioned SP.
For a collection of our current FICO scoring wisdom, updated as we learn, read the following. Watch the revision dates on the bottom of the first 8 posts as they are regularly updated: Link to Scoring Primer.


RIP:

    




Updated June 2020, unless otherwise noted. I took an HP on EX, will reflect on next update.

(Forgive typos, mobile.)(Everything said is Just IMHO.)

In order to better answer your questions and record your DPs, please provide your profile stats: Any baddies? Severity and recency? (clean/dirty), Number of accounts, both open and closed on CRs (thick/thin), AoOA? (Mature/young), AOYRA-Age of Youngest Revolving Account (new accounts/no new accounts)? Open/closed loan on CR?
For example, mine is clean/thick/mature/new account, with open loan on record.
If you don't know where you fall, just detail any baddies, your number of open and closed accounts, AoOA, AOYRA and whether you have a loan on record to start.

For utilization questions, list individual and aggregate utilizations, revolving and installment, please.
Message 21 of 34
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Senior Contributor

Re: Is EQ removing AU's from CR?


@Birdman7 wrote:
Iv Hey I got a question about those LN codes. Retail cards are adverse and high credit limits on retail accounts are adverse. 

I just got Care Credit, so does that mean my existing ins. auto rates could go up too?  Or is it just new auto ins. rates?

”MY TAKE HOME PAY DON’T TAKE ME HOME”
Message 22 of 34
Highlighted
Super Contributor

Re: Is EQ removing AU's from CR?

Doesn’t matter if the car is new or used, if they’re allowed to use the credit based insurance score, they will.

new credit, inquiries, and retail cards all count against you and lower your credit based insurance score.
For a collection of our current FICO scoring wisdom, updated as we learn, read the following. Watch the revision dates on the bottom of the first 8 posts as they are regularly updated: Link to Scoring Primer.


RIP:

    




Updated June 2020, unless otherwise noted. I took an HP on EX, will reflect on next update.

(Forgive typos, mobile.)(Everything said is Just IMHO.)

In order to better answer your questions and record your DPs, please provide your profile stats: Any baddies? Severity and recency? (clean/dirty), Number of accounts, both open and closed on CRs (thick/thin), AoOA? (Mature/young), AOYRA-Age of Youngest Revolving Account (new accounts/no new accounts)? Open/closed loan on CR?
For example, mine is clean/thick/mature/new account, with open loan on record.
If you don't know where you fall, just detail any baddies, your number of open and closed accounts, AoOA, AOYRA and whether you have a loan on record to start.

For utilization questions, list individual and aggregate utilizations, revolving and installment, please.
Message 23 of 34
Highlighted
Senior Contributor

Re: Is EQ removing AU's from CR?

So not only has Eq removed my open AU accts. from my report they also removed my newly closed HSN acct. It was a 10 month old acct. I closed 2 months ago.  So I lost the history, pymt history....they should remove the inquiry.  All it does is makes it look like I applied for the tl and didn't get it.  It was a 6k limit too.  sux

”MY TAKE HOME PAY DON’T TAKE ME HOME”
Message 24 of 34
Highlighted
Super Contributor

Re: Is EQ removing AU's from CR?

I’m sorry to hear you’re going through that.
For a collection of our current FICO scoring wisdom, updated as we learn, read the following. Watch the revision dates on the bottom of the first 8 posts as they are regularly updated: Link to Scoring Primer.


RIP:

    




Updated June 2020, unless otherwise noted. I took an HP on EX, will reflect on next update.

(Forgive typos, mobile.)(Everything said is Just IMHO.)

In order to better answer your questions and record your DPs, please provide your profile stats: Any baddies? Severity and recency? (clean/dirty), Number of accounts, both open and closed on CRs (thick/thin), AoOA? (Mature/young), AOYRA-Age of Youngest Revolving Account (new accounts/no new accounts)? Open/closed loan on CR?
For example, mine is clean/thick/mature/new account, with open loan on record.
If you don't know where you fall, just detail any baddies, your number of open and closed accounts, AoOA, AOYRA and whether you have a loan on record to start.

For utilization questions, list individual and aggregate utilizations, revolving and installment, please.
Message 25 of 34
Highlighted
Super Contributor

Re: Is EQ removing AU's from CR?

Think of it this way, losing the new account (since it was new) benefits you from the insurance score perspective.
For a collection of our current FICO scoring wisdom, updated as we learn, read the following. Watch the revision dates on the bottom of the first 8 posts as they are regularly updated: Link to Scoring Primer.


RIP:

    




Updated June 2020, unless otherwise noted. I took an HP on EX, will reflect on next update.

(Forgive typos, mobile.)(Everything said is Just IMHO.)

In order to better answer your questions and record your DPs, please provide your profile stats: Any baddies? Severity and recency? (clean/dirty), Number of accounts, both open and closed on CRs (thick/thin), AoOA? (Mature/young), AOYRA-Age of Youngest Revolving Account (new accounts/no new accounts)? Open/closed loan on CR?
For example, mine is clean/thick/mature/new account, with open loan on record.
If you don't know where you fall, just detail any baddies, your number of open and closed accounts, AoOA, AOYRA and whether you have a loan on record to start.

For utilization questions, list individual and aggregate utilizations, revolving and installment, please.
Message 26 of 34
Highlighted
Senior Contributor

Re: Is EQ removing AU's from CR?


@Birdman7 wrote:
Think of it this way, losing the new account (since it was new) benefits you from the insurance score perspective.

Well there ya go!  Lemons to LemonadeSmiley Wink

”MY TAKE HOME PAY DON’T TAKE ME HOME”
Message 27 of 34
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Senior Contributor

Re: Is EQ removing AU's from CR?

But I'm still mad I took a hp with nothing to show for it.

”MY TAKE HOME PAY DON’T TAKE ME HOME”
Message 28 of 34
Highlighted
Super Contributor

Re: Is EQ removing AU's from CR?

Can’t win everything at least that wears off in 365 days!😉
For a collection of our current FICO scoring wisdom, updated as we learn, read the following. Watch the revision dates on the bottom of the first 8 posts as they are regularly updated: Link to Scoring Primer.


RIP:

    




Updated June 2020, unless otherwise noted. I took an HP on EX, will reflect on next update.

(Forgive typos, mobile.)(Everything said is Just IMHO.)

In order to better answer your questions and record your DPs, please provide your profile stats: Any baddies? Severity and recency? (clean/dirty), Number of accounts, both open and closed on CRs (thick/thin), AoOA? (Mature/young), AOYRA-Age of Youngest Revolving Account (new accounts/no new accounts)? Open/closed loan on CR?
For example, mine is clean/thick/mature/new account, with open loan on record.
If you don't know where you fall, just detail any baddies, your number of open and closed accounts, AoOA, AOYRA and whether you have a loan on record to start.

For utilization questions, list individual and aggregate utilizations, revolving and installment, please.
Message 29 of 34
Highlighted
Senior Contributor

Re: Is EQ removing AU's from CR?


@Birdman7 wrote:
Can’t win everything at least that wears off in 365 days!😉

Keeping me Grounded!  High five

”MY TAKE HOME PAY DON’T TAKE ME HOME”
Message 30 of 34
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