FICO Score Question

[PICK3]

i have one car loan that is under $200 per month

soon 2 change when you're rawking the new orange loaded out Rubicon!

 

[PICK3]

Your score from Equifax Complete is a FAKO score, and doesn't mean jack. It's not a true indication of your actual FICO score at all

it means it doesn't suck

 

[JWBurns]

Just to Forget about it. I Just would like my amex charge card and 8k limit card.

Wf dropped my limit fot closing my deposit relationship with them. Never had a late pay, never will.

By closing the account, it will affect your AAOA - that stands for average age of accounts. Your FICO will be affected, as 15% of your score is based off age.

Your decision ultimately.

 

[IncredibleHoss]

I guess my next question is would well fargo close it if i didnt use it anymore after paying it off?

Does a balance transfer hurt your credit?

I just would rather make 2 cc pmts instead of 3.

 

[digimon7068]

Your score from Equifax Complete is a FAKO score, and doesn't mean jack. It's not a true indication of your actual FICO score at all

i'll bet my true score wood make your true score its bottom all day long...

 

[George Spellwin]

I guess my next question is would well fargo close it if i didnt use it anymore after paying it off?

Does a balance transfer hurt your credit?

I just would rather make 2 cc pmts instead of 3.

If you want the best score possible, the thing to do is actually to keep Wells and ask them for a credit line increase. If you will apply for a loan soon, ask them for a "soft pull" where they do not pull a copy of your credit report when you ask for the increase. Once it is paid off, you still need to use it once every 6 months or they might close it. Or, you could have a recurring bill charged to this card every month - like the cable bill or your Platinum Membership .

A balance transfer would not hurt your score as long as the credit used remains at 30% or less of your available credit. But remember, they usually charge a 3% fee for a transfer, so be sure to compare that with what you are paying in interest.

Lastly, thank you and all Platinum Members, Sponsors, and Chairman Members for supporting the site. Your support makes all this possible.

 

[shirlene29]

Best place for credit advice is creditboards.com

 

[IncredibleHoss]

If you want the best score possible, the thing to do is actually to keep Wells and ask them for a credit line increase. If you will apply for a loan soon, ask them for a "soft pull" where they do not pull a copy of your credit report when you ask for the increase. Once it is paid off, you still need to use it once every 6 months or they might close it. Or, you could have a recurring bill charged to this card every month - like the cable bill or your Platinum Membership .

A balance transfer would not hurt your score as long as the credit used remains at 30% or less of your available credit. But remember, they usually charge a 3% fee for a transfer, so be sure to compare that with what you are paying in interest.

Lastly, thank you and all Platinum Members, Sponsors, and Chairman Members for supporting the site. Your support makes all this possible.

Sweet thank You very much.

 

[calveless wonder]

there's no point in closing it. keep the tradelines open

 

[DonGargles]

I'd like to see this thread continue. I'm all about building credit.