800 FICO Score

Got my Score Watch Alert today. My FICO Credit Score is up +5 points.

Ok, what a bizarre way to get back up over 800. One of my cards changed its description from “Charge
Amount in H/C column is credit limit” to “Closed or Paid Account/Zero Balance Charge” This means that my FICO score has increased by over 30 points in a few months and that I’m back in the 800s.

Remember, I once hit an 831 FICO Score but that was a few years back when I had no home loan. Yes, while mixture of credit is supposed to help. My mortgage has made it harder to reach my old record with the Equifax FICO, but I’m going to keep on trying!

825 or lower…

I’ve been tracking my FICO Scores through a couple of different services now and it’s been interesting to watch the differences and the changes over time. My score according to my Wamu credit card FICO score tracking service says my score is now a 825. Wow! But what is this FICO score and how is different from the Score Watch FICO? The Wamu FICO Score is the bankcard FICO - or a specific FICO model to assess risk for default on the Wamu credit card. The FICO score model can be tweaked depending on what the bank is looking to assess. Wamu makes this score available to consumers on their online site. The FICO from Score Watch is the FICO score used by most lenders.

So, it appears that my risk for credit card default is lower than my risk for a mortgage or other type of credit. That said, my risk is low on both counts. Plus, both scores have improved from early in the year where I was using my credit more to start VideoCreditScore.

My Score Watch FICO increase this year = 33 points
My WAMU FICO increase this year = 50 points

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