FICO Progress - Jun 07

My FICO lowered a bit this month to 758.

What factors lower your credit score:

Length of credit history : You opened your first credit account 9 years and 10 months ago.
Credit usage : You currently owe $1,925 on your revolving account(s).
Credit applications : You applied for credit 2 time(s) in the past 6 months, as recorded in this credit report.

What factors raise your credit score:

Payment history : You have never missed a payment, and no negative public records are listed on your report.
Credit usage : You currently have $27,038 of available credit on your revolving account(s).
Credit accounts : On average, the credit limit or loan amount of your credit accounts is $51,564.

Seems like the Toys R Us card that I applied and the Sam’s Club Discovery Card hurt my score a bit.

dong said:

July 10th, 2007 at 10:31 pm

Just curious where you got your credit report update? I track my score via my WAMU credit card, but it doesn’t say why the score is higher or lower…
Journey2Retirement said:

July 11th, 2007 at 12:04 am

I use PrivacyGuard. I am paranoid with Identity Theft, so I check my credit report monthly. I would actually check it more frequently, but PrivacyGuard only updates my report once a month, so I’m actually looking for an alternative out there that updates my report more frequently.
FICO Progress - Jul 07 | journey2retirement.com Blog said:

August 6th, 2007 at 9:27 pm

[...] It’s down to 742 from last month. I was hoping these 2 new cards would help my score a bit by increasing my credit line, but the limits I got in these cards were not that high ($7k for my Toys R Us Chase Card and $5k for my Sam’s Club Discovery Card). [...]

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