mike111 Posted April 11, 2005 Report Share Posted April 11, 2005 Just pulled my fico score for TU at myfico, my recently acquired Wells Fargo Secured CC for $1000 didn't improve my score at all (score is same as 03/21 at 659)Kinda disappointed, I was hoping to see an improvement there - strange thing is fico score went up 9 points on the EQ report Could never figure out how fico is calculated, hopefully when the payment tradeline is in, it will go up. Link to comment Share on other sites More sharing options...
CreditSuperstar Posted April 11, 2005 Report Share Posted April 11, 2005 Hi Mike-I am not an expert but prehaps it is because a $1,000 limit is not too high. From what I understand the higher your limit the more your score will go up. What you said also makes sense. Pay it on time every time and your scores WILL go up. Link to comment Share on other sites More sharing options...
Recovering Attorney Posted April 11, 2005 Report Share Posted April 11, 2005 watch your utilization, too. You don't want to be aboev $250 as a reported balance, if you can help it. Link to comment Share on other sites More sharing options...
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