Monthly Credit Score Update - February 2004 (+7 -> 691)
Eloan now gave me a credit score of 691 now, a 7 point jump from last month's 684 and a number higher than 45% of US consumers.
As I blogged earlier, Providian now offers free credit score from TransUnion to its customers. My score as of February 15, 2004 was 695. It appears that the Eloan score, though not affiliated to any one of the three major credit agencies, is still precise enough.
As I can expect, the main drag of my credit score is still my taking advantage of the 12-month 0% APR offer in ShareBuilder account. Although I made a major payoff of $1,400 (out of a credit line of $2,500) in late February, it does not positively affect my credit score. Of course I can understand it can be a timing issue as of when FirstUSA reported the balance to credit agencies.
Frankly speaking, I am not very much concerned of my credit score now. It is more a past-time or a thing out of curiosity to know my credit score every month. I will still keep the monthly habit of blogging about my credit score though.
Since I blogged about my decision (or indecision) in whether to take the refinancing path two weeks ago, I have been closely watching the latest refinancing rate, especially the 5/1 ARM rate in the state of Washington via BankRate. I have seen the 5/1 ARM ... Read
As I blogged earlier this month, I applied for Citi Dividend Platinum Select Card to take advantage of its 5% cash back feature on supermarket, gas station and drugstore purchases. I just received the card today with an initial credit limit of $2,800. I am ... Read
Early this month I had an interesting experience exploring my refinancing options. With the Treasury rate declining substantially from its level one months ago, I decided to try my luck in LendingTree. (Background: I got my current mortgage thru LendingTree last August.) Read
What an unexpected mail! Providian is saying my card now earns a cash reward of 1% on every net new purchases. The cash reward program is actually the one I blogged a month back: Providian Real Rewards. (Now this answers my question in that post ... Read
