Score Simulator and First Premier

[1gr8deal]

On the Privacy Guard Score Simulator if I delete the First Premier credit card account from any one of the 3 CRA's it causes my score to go up any where from 19 to 40 points???? 

This account is paid as agreed has a $800 credit limit and has never been late. It has a payment history over 1 year. 

Why would my score be penilized for having this account?

[Anonymous]

Is it hurting your AAoA significantly?

[1gr8deal]

Not particularly, it is not the newest account I have. As a matter of fact it is the first account I was able to open post  BK. So I don't think that is the issue. If I remove any of the other cards the simulator makes no change or drops the score a few points. But for the First Premier card it shoots the score up +19 to +39 points depending on which bureau.   

[llecs]

Thankfully FICO doesn't behave that way. Your FICO score should remain the same assuming your util isn't negatively impacted. Don't put too much trust into a FAKO score for reasons like this.

[Anonymous]

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@1gr8deal wrote:

On the Privacy Guard Score Simulator if I delete the First Premier credit card account from any one of the 3 CRA's it causes my score to go up any where from 19 to 40 points???? 

This account is paid as agreed has a $800 credit limit and has never been late. It has a payment history over 1 year. 

Why would my score be penilized for having this account?

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That doesn't make any sense, sounds like very bad advice to me... maybe try it with one of the FICO simulators?

[Booner72]

My LO told me that she has repeatedly seen score dings when a First Premier card is on the report.  She says "They don't like First Premier" - I really doubt this is a fact, but it might explain something.  Weird.

[kjm79]

When FICO provideds a score it doesn't look at "First Premier Bank", it sees "credit card".  I don't see how FICO would ding you for the First Premier Card, it's not listed as a "consumer finance account" is it?  Those can ding your score for as long as it's reported?  But the bank issuing the card wouldn't ordinarily ding your FICO score. 

[Booner72]

I know, but my LO are on a daily speaking basis, and she's talked to me twice now about she repeatedly sees low scores w/ a First Premier on the report.

[Anonymous]

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@Booner72 wrote:

I know, but my LO are on a daily speaking basis, and she's talked to me twice now about she repeatedly sees low scores w/ a First Premier on the report.

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I believe that's a function of the people who must do business with FP, rather than the other way around.

FP should be a lender of last resort, given the other options out there.

[Booner72]

True that Stan!  I can't WAIT to get rid of this piece of crap!