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I've got a question for the FICO gurus here.
The essential question is a store card vs. major card question, and whether utilization factors in differently for one than another... or if I was just rebucketed.
Now, the long version -
I have a young, thin, clean TU file. I have 5 revolving accounts, but 2 opened last month have not reported to TU and neither resulted in TU inq's, so for our purposes, I have 3 revolvers:
CapOne QS1 opened 4/14
Barclays Rewards opened 8/14
Walmart store card opened 8/14
My October Walmart TU08 FICO, which was purported to have been pulled Oct. 1, was 716, with following utilization:
Overall Uti: 12%
I decided this month I would let Walmart report a tiny balance and zero out the rest and see what my current max possible FICO is:
Walmart <1% ($5 balance)
Overall Uti: <1%
Result: November Walmart TU08 FICO of 710
I expected it would go up, but it went down. So, is there some wrinkle in the utilization scoring that prefers you have that one small balance on a major revolver instead of store card, or did I perhaps get rebucketed for my oldest account hitting 6 months? I'm guessing the latter, but I must defer to the experts.
Has anyone yet applied for the BJ's Perks MasterCard from Comenity?
You need to be a member of BJ's wholesale club (locations mainly in the Northeast section of USA)
I'm curious as to the credit bureau pulled and the credit lines being assigned on the consumer card.
Apply online at: https://www.bjs.com/webapp/wcs/stores/servlet/CobrandedPerk?storeId=10201
What is the best way to get a copy of one's TU (or EQ/EX for that matter) credit report including soft pulls?
I just bought a car and Geico informed me that my TU credit report may have affected my rates. However the only TU inquiry listed on that date was a finance company that appeared to be related to the auto financing. I wonder, though, if the credit report I have listed shows only hard pulls and Geico did a soft pull.
How did I find out all credit inquiries including soft pulls for TU?
After reading (Why Chat), and reading(Psyc Doc), and reading... I am still confused as to HOW to attack recent lates. I am hoping (Please show mercy!) that you all can help point me in the right direction. I have three cards with Comenity. All three went late at the end of last year/ beginning of this year because of unexpected medical expences that could not be avoided... I have made things right by paying down/catching up on payments. I am now current on these accounts, however the lates are glaring on my report. The three cards are listed as below:
Victorias Secret: Limit reduced to -0- but pays as agreed. Account is still open but has 0 available credit. I owe 500. One Stop Plus: Limit reduced to -0- Paid in full zero Balance. Account is still open but has 0 available credit. Woman Within: Limit reduced to 100.00 Zero balance. 100.00 Available credit. My question is should I Goodwill these cards first or Dispute them (I believe some of the lates are not accurate)? If I Goodwill them do I send the letters to one address for all three accounts? Many thanks to all of CBers for helping me see light at the end of the tunnel of credit despair....
Hey gang. Any thoughts on this? I opened a new Paypal account and I guess Bill Me Later/Comenity Bank decided to go ahead and open an account in my name without me wanting or requesting an account be opened. I was alerted by my monitoring service about an inquiry this AM. I'm sure they had some checked box in some unconscious place on the page where it shows that I wanted to apply for this service. I can't get back to that part of the sign up page to check because you have to open a new account with credit card info and Im not doing that again.
Anyway, after finding the number to call to raise hell, the lady gave me a fax number to request removal of the info from my reports. My question is should I demand payment for a FCRA violation for no PP and should I mention TILA violations for not disclosing that a credit pull was going to be preformed? I'm sure it's buried somewhere, but I do not recall anything on the page where I signed up that I was requesting BML services. I read over these things pretty well before signing up, at least I thought.
I will be filing a CFPB and a letter to Lisa Madigan's office no matter what, but I was winding if I should levee it at that or demand payment.