Re: FICO score keeps dropping with deletions!!!!!!!!!
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Posted by Linda (65.120.51.130) on May 26, 2002 at 00:13:04:
In Reply to: Re: FICO score keeps dropping with deletions!!!!!!!!! posted by Christine on May 25, 2002 at 19:09:43:
Keep a perfect payment history (of course), balance to limit ratio can affect your scoe, so take total balance and divide by total limits shown, it should be a fairly low number like .25
Capital One has a nasty habit of not reporting your actual limit, so that sometimes you look like you are over limit - check and see if that's the case. Also, what is the status code on the cap one that was reaffirmed? That could be a negative. There are codes all in your report that are picked up by socring software. The other thing is inquiries - with a short credit history and some negatives, an inquiry can cost you big points. There is a good book on here about how to rebuild,
http://www.cardreport.com/books/credit-books.html It's "Guaranteed Credit" I know several people who used the techniques in this book to rebuild their credit successfully. Linda
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