credit score

[ChaimMoskowitz]

A lot of these details you are asking for aren't publicly available. Some of the answers I provide will be based on anecdotal evidence.

nice post. do you hang out at CB?

[ChaimMoskowitz]

300 is the lowest score. I doubt anyone actually has it. Probably more rare than an 850.

If you have less than 6 months of credit history, a score cannot be generated.

thanks for refreshing my memory. don't you also need a certain amount of TL's to generate a score? i miss my CB days.

[Triple Canopy]

thanks for refreshing my memory. don't you also need a certain amount of TL's to generate a score? i miss my CB days.

Just one tradeline that hasn't been disputed. I'm a lurker but I miss my days there too

[MC]

I got emails from both Barclays and Capital One Credit Tracker that my score dropped. On one it went down 40 points and on the other it went down about 20... I know these are both FAKOs but does that probably mean my score dropped some-what?

[bubble347]

On this subject; I got a ticket for going thru an Ezpass toll and apparently it didn't pick up my ezpass. I called the toll agency and showed them proof that I had an ezpass in the car at the time (I had charges on the ezpass from a toll right before and after this toll on the same day) they told me they were removing the charge. Last week (about a year after the above incident) I get a letter from a collection agency for $44 for the unpaid toll. I immediately call the Toll agency to asks them what this is about as I though I resolved the ticket a year ago. They informed me that I did resolve the surcharge but still needed to pay the $4 toll. They offered to take the payment then and stop sending it to the collection agency.
Will this happen?
Is this going to be a hit to me credit score?

Even if it does you should have no problem disputing it with the credit bureaus.

[bubble347]

I got emails from both Barclays and Capital One Credit Tracker that my score dropped. On one it went down 40 points and on the other it went down about 20... I know these are both FAKOs but does that probably mean my score dropped some-what?

Well if the reason has anything to do with new inquiries or large balances on your cards then it is safe to assume that your scores have been effected somewhat.

[zow]

I have a Barclay's US Airways MasterCard, and I just checked my FICO score.  It says it is 840.  I'm just a little surprised it's so good.  I recently opened 5 new Chase credit card accounts, and we have a huge mortgage and a HELOC.  Yes, we always pay our CC's in full each month, but is it possible my FICO score is almost perfect? 

And, if it's that good, should I be leveraging it more?  (I.e., open more and more CC accounts?)

Thanks in advance.

[ChaimMoskowitz]

how recently did you open the cards. does your score include this info?

[zow]

how recently did you open the cards. does your score include this info?

Opened the first cc around June 1.

I don't see any details on the Barclay's FICO site to determine whether the score includes the recent openings.

I do see that my score was about 810 in early May and then the 840 was early July.

[Boruch999]

Barclays FICO is TU.  Perhaps the banks that issued your cards have not reported to TU yet?

[ChaimMoskowitz]

the score lags behind so they might not be included. what is more interesting is your score went from 810 to 840 in a month. any big changes to your credit file?

[Joe4007]

the score lags behind so they might not be included. what is more interesting is your score went from 810 to 840 in a month. any big changes to your credit file?

The new accounts might have impacted it in a good way? After all Chase probably didn't pull his TU if he lives in MA, so the inquires won't be there.

[zow]

the score lags behind so they might not be included. what is more interesting is your score went from 810 to 840 in a month. any big changes to your credit file?

Sorry, meant to quote this message above.

Hi,
No big changes, other than all the new Chase accounts, opened in June. And a fair amount of spending and paying off on those cards.  But no new loans, no loans paid off, nothing like that.  And the 810 to 840 was over 2 months, FWIW.

[ChaimMoskowitz]

The new accounts might have impacted it in a good way?

not at the beginning.

[MC]

I'm a little confused about credit utilization. Let's say I have $75,000 total revolving credit. Some cards have larger lines, others have smaller.
If one particular card  happens to only have a $1,000 CL, I use $900 of it, and I forget to pay most of it off before my statement closes ... does that report negatively to my report (since I'm using 90%) or is it divided by the full $75,000, so it's not bad? (assuming, of course, none of my other cards close with a balance)

[bubble347]

I'm a little confused about credit utilization. Let's say I have $75,000 total revolving credit. Some cards have larger lines, others have smaller.
If one particular card  happens to only have a $1,000 CL, I use $900 of it, and I forget to pay most of it off before my statement closes ... does that report negatively to my report (since I'm using 90%) or is it divided by the full $75,000, so it's not bad? (assuming, of course, none of my other cards close with a balance)

CMIIW they look at both AFAIK.

[ChaimMoskowitz]

CMIIW they look at both AFAIK.

correct

[MC]

I guess the drop in my score makes a little more sense now
How can I tell with Chase when my first statement will close? Amex online says it straight out for each account but I don't see that for Chase. Am I missing something?

[bubble347]

I guess the drop in my score makes a little more sense now
How can I tell with Chase when my first statement will close? Amex online says it straight out for each account but I don't see that for Chase. Am I missing something?

PUTPAC

[ChaimMoskowitz]

see activity>account details

sometimes for the first statement this date changes and is not accurate.