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DansDeals Forum => Credit Cards => Topic started by: corny on June 05, 2008, 07:31:50 PM

Title: credit score
Post by: corny on June 05, 2008, 07:31:50 PM
what is the cheapest way to check my credit score?
Title: Re: credit score
Post by: Eli on June 05, 2008, 07:35:36 PM
freecreditreport.com will give you a free score but users have been reporting that it's not too accurate.
Title: Re: credit score
Post by: corny on June 05, 2008, 09:27:09 PM
and is that site a safe place to put your social [is it a well known site] ?
Title: Re: credit score
Post by: E on June 05, 2008, 10:29:39 PM
if you have amex i just  did a thirty day trial of https://www124.americanexpress.com/cards/loyalty.do?page=creditsecure (https://www124.americanexpress.com/cards/loyalty.do?page=creditsecure) i gives you scores and reports remember to cancel
Title: Re: credit score
Post by: Dan on June 06, 2008, 12:26:12 AM
Citi identity monitor gives you all 3 fico scores for free.
Title: Re: credit score
Post by: E on June 06, 2008, 01:18:35 AM
Quote
3 fico scores
credit secure gives you....
Quote
    *  Unlimited access to your personal 3 Bureau Credit Report and PLUS Credit ScoresSM from Experian, Equifax, and TransUnion after the review period
    * Daily monitoring of all three national credit reports - receive an e-mail alert when critical changes are detected
    * Identity Theft coverage policy for up to $5,000 per occurrence provided by Virginia Surety, Inc.
    * Toll-free access to customer care and fraud resolution representatives
    * Card and document  registration service to assist you in the event they become lost or stolen
    * Experian PLUS Score® Trending - track your score each month
    * Receive an introductory 30 day review period - after that only $11.99 each month billed to your American Express card account until your enrollment is cancelled
    * Access to valuable financial information and resources
and its affiliated with amex so you know their trustworthy
Title: Re: credit score
Post by: Yitzter on June 06, 2008, 03:17:11 AM
what is the cheapest way to check my credit score?
Corny!!! I haven't spoken to you in such a long time. What you up to?

Dude, use Citi Identity Monitor. You usually get some sort of coupon and it's free for a month. I already got 150$ from them.
Title: Re: credit score
Post by: corny on June 06, 2008, 09:24:18 AM
thanks guys!
hey yits
i already did city moniter this year would i be able to get the free month again?
Title: Re: credit score
Post by: coralsnake on June 06, 2008, 01:25:41 PM
what is the cheapest way to check my credit score?
Im not sure about Citi Monitor or the Amex thing, but I can personally attest to the fact that FreeCreditRepot.com does very often give inaccurate credit scores (I have never actually seen them give the correct ones- theres are usually a bit higher that your actual scores).

For example- A person once faxed me a copy of the credit report that she ran the same day from FreeCreditReport.com on which she had a mid-score of 680 (I am in the mortgage business). I reran her credit myself and the score was a 580. Now that is a HUGE difference.

I have seen this with other consumer services as well including TrueCredit.com (not so true apparently).

The ONLY service that I have seen that will give you your Real score is MyFico.com. That is why I advertise it on my website.

I have no idea what they charge; I think you may have to sign up for some monitoring thing as well, but the first month is free. Either way, the scores they give you will be the exact same scores as if run by a bank such as myself.
Title: Re: credit score
Post by: AsherO on June 06, 2008, 01:40:21 PM
I have a WaMu (formerly Providian) card that gives me my monthly score, I'm not sure how accurate it is, it fluctuates quite a bit.
Title: Re: credit score
Post by: corny on June 06, 2008, 03:43:42 PM
i just checked freecreditreport.com and it gives me the exact score i had months ago and in the report my credit limit on one of my cards is not up to date
Title: Re: credit score
Post by: Dan on June 06, 2008, 03:43:55 PM
Im not sure about Citi Monitor or the Amex thing, but I can personally attest to the fact that FreeCreditRepot.com does very often give inaccurate credit scores
I don't know about AMEX, but Citi's identity monitor's 3 fico scores are the real deal.

i already did city moniter this year would i be able to get the free month again?
Yes, I've gotten the free month at least 6 times already.
Title: Re: credit score
Post by: abimeleibt on June 06, 2008, 03:59:49 PM
Anyone know how to build credit? someone told me that if i write checks instead of just using my debit card it'll help with credit. is that true?
Title: Re: credit score
Post by: Dan on June 06, 2008, 04:14:17 PM
Anyone know how to build credit? someone told me that if i write checks instead of just using my debit card it'll help with credit. is that true?
no
See http://www.dansdeals.com/archives/2902
Title: Re: credit score
Post by: corny on June 06, 2008, 04:56:28 PM
now i personaly can confirm that freecreditreport.com is inaccurate because i signed up for freecreditreport.com and then to city moniter and freecreditreport was 5 points less
Title: Re: credit score
Post by: Dan on June 06, 2008, 05:05:32 PM
now i personaly can confirm that freecreditreport.com is inaccurate because i signed up for freecreditreport.com and then to city moniter and freecreditreport was 5 points less
Remember to opt-in to the 3 credit score feature with citi to get a more complete picture of your credit score.
Title: Re: credit score
Post by: Eli on June 06, 2008, 05:16:13 PM
I checked my credit score a while back and it was 770 (no, it's not a coincidence. I'm not even remotely Lubavitch). That's pretty good, no? How can I get it better?
Title: Re: credit score
Post by: corny on June 06, 2008, 05:28:08 PM
I checked my credit score a while back and it was 770 (no, it's not a coincidence. I'm not even remotely Lubavitch). That's pretty good, no? How can I get it better?
my credit scores from all three bureaus are in the 780s and it says im higher then 85% of the us population so 770 should be pretty good [i think from 750 and up is in the exellent category]
Title: Re: credit score
Post by: abimeleibt on June 06, 2008, 07:38:33 PM
thanks so much Dan! i really appreciate the advice on that link- really helpful! this site is amazing!!!!
Title: Re: credit score
Post by: Dan on June 06, 2008, 08:02:50 PM
I checked my credit score a while back and it was 770 (no, it's not a coincidence. I'm not even remotely Lubavitch). That's pretty good, no? How can I get it better?
I'm sure our good friend Charles can weigh in and tell us what score is required to get the best rates on a loan, but I would venture to say that 770 would qualify.
Title: Re: credit score
Post by: Eli on June 08, 2008, 01:47:33 AM
What's your credit score, Dan? The man with hundreds of credit cards and many of them closed after one year.
Title: Re: credit score
Post by: Chaim171 on June 11, 2008, 03:25:00 AM
I don't know about AMEX, but Citi's identity monitor's 3 fico scores are the real deal.
Yes, I've gotten the free month at least 6 times already.
Dan, with all the due respect, I dare to disagree - Neither AmEx CreditSecure, nor CitiIdentity Monitor are providing true FICO Scores!!! The scores you're getting are known as "FACOs" as opposed to real FICO Scores (Fair Isaac & Company). In case of AmEx, it clearly states the Scores provided are "PLUS Score as developed by Experian". The giveaway sign is the Score Range: 350 - 850; FICO's range is from 300 thru 850.
I have a WaMu (formerly Providian) card that gives me my monthly score, I'm not sure how accurate it is, it fluctuates quite a bit.
As for WaMu, yes, they indeed provide true FICO Score based on Trans Union report, however, you never know with accuracy the date report was pulled!!!
Im not sure about Citi Monitor or the Amex thing, but I can personally attest to the fact that FreeCreditRepot.com does very often give inaccurate credit scores (I have never actually seen them give the correct ones- theres are usually a bit higher that your actual scores).

I have seen this with other consumer services as well including TrueCredit.com (not so true apparently).

The ONLY service that I have seen that will give you your Real score is MyFico.com. That is why I advertise it on my website.
Either way, the scores they give you will be the exact same scores as if run by a bank such as myself.
CharlesLight, I happen to agree with you 100% regarding FreeCreditReport.com - It's a total waste of time. But then again, you get what you pay for... As for True Credit though, I believe it's a good product despite the fact it also provides "FACO" Scores. The major advantage is that it allows you to update all three Reports & Scores every 24-Hours so if you do it over some time period you get a fairly accurate feel where your scores are headed.
But, if you're really need to know your FICO Scores, (when applying for mortgage for example), other than MyFICO.com only Equifax will sell you true FICO Scores.
Title: Re: credit score
Post by: Yitzter on June 11, 2008, 03:37:14 AM
Dan, with all the due respect, I dare to disagree - Neither AmEx CreditSecure, nor CitiIdentity Monitor are providing true FICO Scores!!! The scores you're getting are known as "FACOs" as opposed to real FICO Scores (Fair Isaac & Company). In case of AmEx, it clearly states the Scores provided are "PLUS Score as developed by Experian". The giveaway sign is the Score Range: 350 - 850; FICO's range is from 300 thru 850.As for WaMu, yes, they indeed provide true FICO Score based on Trans Union report, however, you never know with accuracy the date report was pulled!!! CharlesLight, I happen to agree with you 100% regarding FreeCreditReport.com - It's a total waste of time. But then again, you get what you pay for... As for True Credit though, I believe it's a good product despite the fact it also provides "FACO" Scores. The major advantage is that it allows you to update all three Reports & Scores every 24-Hours so if you do it over some time period you get a fairly accurate feel where your scores are headed.
But, if you're really need to know your FICO Scores, (when applying for mortgage for example), other than MyFICO.com only Equifax will sell you true FICO Scores.

And you know all this, how?
Title: Re: credit score
Post by: coralsnake on June 15, 2008, 10:05:23 PM
I'm sure our good friend Charles can weigh in and tell us what score is required to get the best rates on a loan, but I would venture to say that 770 would qualify.
And so I can  ;)

Although it really differs from lender to lender, and there are some lenders out there that will give you some 'extra credit' for having a really high score, the general rule is that everything over 750 is all the same.

Some people are very proud of themselves for having 800 scores. But I have never seen any financial institution look at an 800 better than a 770.
Title: Re: credit score
Post by: MOSES on January 05, 2010, 09:52:50 PM
I have been using credit secure.
does anyone have any experience using it, and using the other ones?
Which one is the best out there, especially because they all charge around the same price!!!
Title: Re: credit score
Post by: Chaim171 on January 06, 2010, 11:08:38 PM
I have been using credit secure.
does anyone have any experience using it, and using the other ones?
Which one is the best out there, especially because they all charge around the same price!!!
From my personal experience, and I've tried most of the services, CreditSecure from AmEx & its' twin, Credit Check Total are Experian products. The service is very reliable and simple to understand, but, the scores you're getting are what is called "FAKOs" as opposed to "FICO". If you're looking for your true FICO Scores - the same scores the creditors see when they pull your report, you would have to go to MyFICO.com or Equifax. No matter which service you use, though, no service will give you your Experian FICO Score!!! That's because for the past nine or so months, Experian & Fair Isaac & Co. are fighting with each other.
There's another major advantage in using CreditSecure & CreditCheckTotal in that these are the only services that will allow you to pull a report every 24-hours. This is a must if you're trying to do some "Bumpage"!!!
One additional note. CreditCheckTotal is a little pricey at $29.95 per month, but, if you call and haggle a bit you  won't have a problem lowering the price to $19.95. Hope this helps.
Title: Re: credit score
Post by: MOSES on January 07, 2010, 07:51:43 AM
From my personal experience, and I've tried most of the services, CreditSecure from AmEx & its' twin, Credit Check Total are Experian products. The service is very reliable and simple to understand, but, the scores you're getting are what is called "FAKOs" as opposed to "FICO". If you're looking for your true FICO Scores - the same scores the creditors see when they pull your report, you would have to go to MyFICO.com or Equifax. No matter which service you use, though, no service will give you your Experian FICO Score!!! That's because for the past nine or so months, Experian & Fair Isaac & Co. are fighting with each other.
There's another major advantage in using CreditSecure & CreditCheckTotal in that these are the only services that will allow you to pull a report every 24-hours. This is a must if you're trying to do some "Bumpage"!!!
One additional note. CreditCheckTotal is a little pricey at $29.95 per month, but, if you call and haggle a bit you  won't have a problem lowering the price to $19.95. Hope this helps.
I just signed up for city monitor and the scores are different that those of credit secure, lol. What do you mean "Bumpage"?? I also noticed (like you mentioned) that amex lets you pull the report once a day and city only lets you once every thirty days.
myfico is only 10,00 a month but it only lets you pull your report once a year?????
Title: Re: credit score
Post by: mancunian on January 07, 2010, 03:57:33 PM
From my personal experience, and I've tried most of the services, CreditSecure from AmEx & its' twin, Credit Check Total are Experian products. The service is very reliable and simple to understand, but, the scores you're getting are what is called "FAKOs" as opposed to "FICO". If you're looking for your true FICO Scores - the same scores the creditors see when they pull your report, you would have to go to MyFICO.com or Equifax. No matter which service you use, though, no service will give you your Experian FICO Score!!! That's because for the past nine or so months, Experian & Fair Isaac & Co. are fighting with each other.
There's another major advantage in using CreditSecure & CreditCheckTotal in that these are the only services that will allow you to pull a report every 24-hours. This is a must if you're trying to do some "Bumpage"!!!
One additional note. CreditCheckTotal is a little pricey at $29.95 per month, but, if you call and haggle a bit you  won't have a problem lowering the price to $19.95. Hope this helps.

ive been using equifax, i think they just switched me to $100 a year, they give real fico scores, at least thats what they advertise, and yes i pull a report every day. I think i might pay more for the reports, its a different product.
Title: Re: credit score
Post by: Smirk on May 26, 2010, 12:57:37 PM
if i have a credit score now of say 700 and last month it was 650, when credit card companies check do they only see that 700 and base an answer on that or past score matters? (not having any negatives on report it was just low because of "high usage of revolving credit line)
Title: Re: credit score
Post by: kc1544 on May 26, 2010, 05:48:43 PM
whats the deal with checking you credit score effecting your score. i have heard conflicting reports. some say that looking at your score effects it negativley. others say its not so. anyone know?
Title: Re: credit score
Post by: Dan on May 26, 2010, 06:13:36 PM
whats the deal with checking you credit score effecting your score. i have heard conflicting reports. some say that looking at your score effects it negativley. others say its not so. anyone know?
Checking your own score has no effect on your score.
Title: Re: credit score
Post by: Smirk on June 04, 2010, 01:56:32 PM
Checking your own score has no effect on your score.
but all the credit inquiries you do in order to churn affect it no?
Title: Re: credit score
Post by: aussiebochur on June 04, 2010, 02:08:47 PM
but all the credit inquiries you do in order to churn affect it no?
If you check your credit score it has no effect on your credit score.
When you apply for a credit card, the "inquiry" deducts 2-5 points from your credit score.
Title: Re: credit score
Post by: Smirk on June 04, 2010, 02:20:05 PM
I have a lot of inquiries, and way to get them off?
Title: Re: credit score
Post by: Avid Reader on June 04, 2010, 03:54:14 PM
I have a lot of inquiries, and way to get them off?

Bumpage. Basically you check your credit reports every day and after some time the inquiry falls off. This has something to do with the CR only being able to contain a limited amount of inquires so once you overload it with you own inquiries, the real ones fall off.
Title: Re: credit score
Post by: Smirk on June 04, 2010, 04:15:42 PM
Interesting idea but a. Doesn't checking your own score not count as a inquiry
b. If it does it'll still be a inquiry, are you saying the cc companies actually look at each inquiry in specific as opposed to just looking at total # of them?
Title: Re: credit score
Post by: Smirk on June 04, 2010, 04:59:56 PM
I read a bit and this works if you do it for 50-100 times, and not always does it work and it for sure doesn't work with experian, I have heard amex check experian, can anyone confirm this?
Title: Re: credit score
Post by: sprint on June 04, 2010, 05:09:37 PM
amex generally checks experian, for both new accounts, and frequently for increases in credit as well. You can request that they not do a hard check when requesting a CL increase and they will frequently be able to help u using their soft checks + your account info - without doing a hard check.
Title: Re: credit score
Post by: Avid Reader on June 04, 2010, 05:45:52 PM
Interesting idea but a. Doesn't checking your own score not count as a inquiry
b. If it does it'll still be a inquiry, are you saying the cc companies actually look at each inquiry in specific as opposed to just looking at total # of them?

Checking you own CR shows up on your CR as an inquiry in a separate section only for you to see, not for companies pulling your report. It does not lower your score. On the other hand they are bunched together with the real inquiries so when you do enough of your own, the real ones fall off. This is unofficial and so YMMV.
Title: Re: credit score
Post by: Chaikel on June 05, 2010, 02:00:07 PM
FYI. In general once you have (or possibly, even have had) an account with a particular institution, they will generally only do a soft check, even when applying for new/different cards. Hence Dan probably doesn't have more than 2 checks (if that) in the past 2 years.
Title: Re: credit score
Post by: kivabb on June 05, 2010, 11:05:51 PM
Checking you own CR shows up on your CR as an inquiry in a separate section only for you to see, not for companies pulling your report. It does not lower your score. On the other hand they are bunched together with the real inquiries so when you do enough of your own, the real ones fall off. This is unofficial and so YMMV.

Can you give more detail? What's the max that it shows that we can start pushing out with our own inquiries?
Title: Re: credit score
Post by: YOSEF on June 05, 2010, 11:38:07 PM
FYI. In general once you have (or possibly, even have had) an account with a particular institution, they will generally only do a soft check, even when applying for new/different cards. Hence Dan probably doesn't have more than 2 checks (if that) in the past 2 years.
Dan, is that true?
Title: Re: credit score
Post by: Avid Reader on June 05, 2010, 11:40:35 PM
FYI. In general once you have (or possibly, even have had) an account with a particular institution, they will generally only do a soft check, even when applying for new/different cards. Hence Dan probably doesn't have more than 2 checks (if that) in the past 2 years.

Based on my personal experience and of people I know, this is not the case at all
Title: Re: credit score
Post by: Chaikel on June 06, 2010, 01:21:53 AM
I've had many amex applications, and I haven't had a hard check from them in years
Title: Re: credit score
Post by: Avid Reader on June 06, 2010, 10:30:55 PM
I've had many amex applications, and I haven't had a hard check from them in years

I cant speak for amex because I havent played with them too much (I got FR'd and it is one of the best cards I wanted to keep). But with Citi, Chase, and BoA I got many repeated hard pulls.
Title: Re: credit score
Post by: MOSES on August 18, 2010, 11:25:18 PM
Quote from: Dan link=topic=96.msg1297#msg1297 date=121278
3257
no
See http://www.dansdeals.com/archives/2902
Does option 1 still work?
Title: Re: credit score
Post by: txtmax4 on August 19, 2010, 12:28:43 AM
Quizzle.com is a pretty good site for helping people build credit and telling them how they can improve.
They have a score and its FACO but I think it's a helpful site.
Title: Re: credit score
Post by: MOSES on August 19, 2010, 10:13:27 PM
Quizzle.com is a pretty good site for helping people build credit and telling them how they can improve.
They have a score and its FACO but I think it's a helpful site.
thanks.
does it explain about piggybacking? where can i learn about that?
Title: Re: credit score
Post by: andrew on July 02, 2011, 04:06:40 PM
FYI. In general once you have (or possibly, even have had) an account with a particular institution, they will generally only do a soft check, even when applying for new/different cards. Hence Dan probably doesn't have more than 2 checks (if that) in the past 2 years. I've had many amex applications, and I haven't had a hard check from them in years
has anyone else have this experience ?
Title: Re: credit score
Post by: AsherO on July 02, 2011, 10:27:06 PM
has anyone else have this experience ?

You're reviving a very old thread... I'm curious if Chaikel will say the same thing. My mileage has clearly varied in this regard, and I'm confident Dan's has as well.
Title: Re: credit score
Post by: dans fan on July 02, 2011, 11:02:35 PM
has anyone else have this experience ?
i can verify that 20 ppl i know had not
Title: Credit Score Drop?
Post by: jimmy1 on January 04, 2012, 03:36:42 PM
just to share  some thing here,
 i opened the chase SW personal card  and got 12k CL. I have existing chase freedom card with only 1500 CL and I transferred  $6k CL to freedom  with the help from rep on phone. The next couple of days, my CREDIT SCORE dropped from 750 to 741. 9 points dropped becos of this.
Title: Re: Re: Chase closed all my cards!!!!!
Post by: Dan on January 04, 2012, 03:43:01 PM
Inquiry will drop your score short-term.
Inquiry will eventually drop off and you will have more total credit, older average cards (this number includes cancelled cards), and less credit utilization (at least presumably due to having more total credit) which will raise your score to higher then it was before.
Title: Re: Credit Score Drop?
Post by: Chaikel on January 04, 2012, 06:25:29 PM
Another thing that temporarily lowers your score when opening a new account, is lowering the average age of open accounts.
Title: Re: Credit Score Drop?
Post by: jimmy1 on January 04, 2012, 06:45:41 PM
what i meant above is my score dropped  due to transfer of credit limit from one chase card to a different chase card.   I have  never seen such a  drop  by applying for cards. i have opened over 5 cards last year.


update , just  a month after seeing a drop, my score has shot up again
Title: Re: Credit Score Drop?
Post by: Saver2000 on January 04, 2012, 06:58:15 PM
Another thing that temporarily lowers your score when opening a new account, is lowering the average age of open accounts.

How can that happen? Closed cards count towards average age.
Do you mean after 10 years when the account falls of your cr?
Title: Re: Credit Score Drop?
Post by: Chaikel on January 04, 2012, 07:03:01 PM
How can that happen? Closed cards count towards average age.
Do you mean after 10 years when the account falls of your cr?
no, your average goes down when you have an account with 0 age
Title: Re: Credit Score Drop?
Post by: HelpMe on January 04, 2012, 07:05:42 PM
Another thing that temporarily lowers your score when opening a new account, is lowering the average age of open accounts.
This was more likely the reason for the 9 point drop and not an inquiry.
Title: Re: Credit Score Drop?
Post by: Saver2000 on January 04, 2012, 07:11:01 PM
no, your average goes down when you have an account with 0 age

Aright, take it up with Dan

Inquiry will drop your score short-term.
Inquiry will eventually drop off and you will have more total credit, older average cards (this number includes cancelled cards), and less credit utilization (at least presumably due to having more total credit) which will raise your score to higher then it was before.
Title: Re: Credit Score Drop?
Post by: michael on January 04, 2012, 07:14:47 PM
Anyone know when the inquiries actually drop off your credit score?
Title: Re: Credit Score Drop?
Post by: HelpMe on January 04, 2012, 07:16:13 PM
Anyone know when the inquiries actually drop off your credit score?
12 months.
Title: Re: Credit Score Drop?
Post by: HelpMe on January 04, 2012, 07:17:07 PM
Aright, take it up with Dan
I am no way going to talk for Dan but I think you are reading it wrong.
Title: Re: Credit Score Drop?
Post by: Saver2000 on January 04, 2012, 07:17:54 PM
12 months.

Incorrect
24 months
Title: Re: Re: Credit Score Drop?
Post by: creditor on January 04, 2012, 07:19:26 PM
How can that happen? Closed cards count towards average age.
Do you mean after 10 years when the account falls of your cr?
so much confusion on this issue, lets clarity,
closed accounts still appear for aprox. 10 years on CR  so it won't hurt credit at least for near future,
but new account will lower the AVERAGE age of your  "credit length"
now this still depends, if you have a good report in general no late payments, decent history, etc. then won't hurt much, only few points, and only temporarily
but if your history is bad then itl hurt more
NOTE no one would be able to give you an exact ans on CS issues at least not for the FICO score, its known to be a 'secret formula'  we can only approximate
Title: Re: Credit Score Drop?
Post by: HelpMe on January 04, 2012, 07:20:07 PM
Incorrect
24 months
Are you sure? The question was credit score not credit report.
Title: Re: Credit Score Drop?
Post by: Saver2000 on January 04, 2012, 07:20:39 PM
I am no way going to talk for Dan but I think you are reading it wrong.

Feel free to Helpme    8) read it. How did you understand it?
Title: Re: Credit Score Drop?
Post by: 3ZeroT on January 04, 2012, 07:24:39 PM
You said your score dropped 2 days after doing this, but did you actually verify the report reflected these changes or could the drop be from something else that occured in the last month?  (Other than the inquiry, changes in accounts can take up to a month to show up on your report depending on the reporting schedule of the issuer).  Just checking as some people only have access to their score and not the report, and might misinterpret cause and effect without knowing the timing of when things get reported.
Title: Re: Credit Score Drop?
Post by: Saver2000 on January 04, 2012, 07:25:32 PM
Are you sure? The question was credit score not credit report.

I misread what he wrote.  I must be wearing an old pair of glasses today ;)

Either way you are incorrect. Why waste my words when I can just quote Dan
Inquiry will drop your score short-term.
Inquiry will eventually drop off and you will have more total credit, older average cards (this number includes cancelled cards), and less credit utilization (at least presumably due to having more total credit) which will raise your score to higher then it was before.
Title: Re: Credit Score Drop?
Post by: scwam on January 04, 2012, 07:29:11 PM
OP, If you just opened this account, it's going to take Chase 45 - 60 days for it to even reflect onto your CB. I've opened several accounts with Chase this year and it typically takes them about 55 Days from account opening. At that 55th day is typically when your first cycle appears and gets reported to Experian first, next day EQ, third day TU. I would say that if your account opening date is under 55 days in age then it's not likely from the average age reduction. I do agree that the score will certaintly drop more after it reports month 0 if you have less than 3 years average age to begin with.
Title: Re: Credit Score Drop?
Post by: jimmy1 on January 04, 2012, 07:30:13 PM
i have access to my credit report and scores, . i did  see 8-9 points dropped right after i did CL transfer, i didn't see thing kind of noticable drop before, thats why i am thinking that maybe the reason, my credit report is same, positives are NEVER LATE, blah blah, negatives are I opened 5-6 card in last 12 months, but my score has shot up back  to where it was  now
Title: Re: Re: Credit Score Drop?
Post by: creditor on January 04, 2012, 07:31:29 PM
Feel free to Helpme    8) read it. How did you understand it?
gosh.. JIMMY1 was not talking about a CLOSED acct, [ leave that up to Dan and some other poster arguing on that issue] he's problem was shifting credit and a NEW acct which definitely lowers score at least for a while        you wer very successful in quoting dans words from a previous post that  "closed cards count towards average age"   but thats not the case here
no1 here mentioned CLOSED acct
Title: Re: Credit Score Drop?
Post by: HelpMe on January 04, 2012, 07:33:11 PM
i have access to my credit report and scores,
Is this a FICO or FAKO score you are checking?
Title: Re: Credit Score Drop?
Post by: scwam on January 04, 2012, 07:37:03 PM
Were any of the accounts you opened in the last year actually within the last 3 months at all? And, when was the last time you checked the score prior to this happening?
Title: Re: Credit Score Drop?
Post by: jimmy1 on January 04, 2012, 07:39:41 PM
Is this a FICO or FAKO score you are checking?

I  have  subscribed to the citi identity monitor , it gives me alerts,  credit scores  and credit reports. I pay $4.95 monthly, employee pricing deal, regular price is $12.95 monthly.



Title: Re: Re: Credit Score Drop?
Post by: creditor on January 04, 2012, 07:41:29 PM
Were any of the accounts you opened in the last year actually within the last 3 months at all? And, when was the last time you checked the score prior to this happening?
wow what an investigation goin on here, cmon OP spill all the beans, don't use short hand  when posting information ddf'rs are so eager to know
Title: Re: Credit Score Drop?
Post by: HelpMe on January 04, 2012, 07:42:56 PM
I  have  subscribed to the citi identity monitor , it gives me alerts,  credit scores  and credit reports. I pay $4.95 monthly, employee pricing deal, regular price is $12.95 monthly.
That could explain the move. FAKO scores are notorious for this.
Title: Re: Credit Score Drop?
Post by: jimmy1 on January 04, 2012, 07:44:32 PM
Were any of the accounts you opened in the last year actually within the last 3 months at all? And, when was the last time you checked the score prior to this happening?

i check  2-3 times a week, i did check my score the day before i did CL transfer from SW to freedom. i didn't see any drop or such noticeble  drop  after opening 6 cards in the last 12 months  and there was 3 months gap from opening the citi aadvantage card to SW  card.
Title: Re: Credit Score Drop?
Post by: scwam on January 04, 2012, 07:48:21 PM
You must be checking the score with another service, AFAIK identity monitor allows 1 score renewel every 30 days.
Title: Re: Credit Score Drop?
Post by: creditor on January 04, 2012, 07:49:05 PM
OP may I further investigate citi identity monitor, what faco do they have is it  the ' plus' score, national equvilant score, or something else? reason I ask, my score typically drops 3 points on 1 inquiry, I have amex credit secure monitor, 'plus' score acct average 7 years, no bad stuff
Title: Re: Credit Score Drop?
Post by: jimmy1 on January 04, 2012, 07:51:13 PM
You must be checking the score with another service, AFAIK identity monitor allows 1 score renewel every 30 days.

honestly no, i  was also surprised to see such a change. i get new , updated credit score from citi  every month not every day.
as i mentioned in my post,  the latest update has my score  back to where it was and increased   couple of points
Title: Re: Credit Score Drop?
Post by: HelpMe on January 04, 2012, 07:52:16 PM
OP may I further investigate citi identity monitor, what faco do they have is it  the ' plus' score, national equvilant score, or something else? reason I ask, my score typically drops 3 points on 1 inquiry, I have amex credit secure monitor, 'plus' score acct average 7 years, no bad stuff
You want to compare FAKO scores. You have to be kidding.
Title: Re: Credit Score Drop?
Post by: Saver2000 on January 04, 2012, 07:52:40 PM
i check  2-3 times a week, i did check my score the day before i did CL transfer from SW to freedom. i didn't see any drop or such noticeble  drop  after opening 6 cards in the last 12 months  and there was 3 months gap from opening the citi aadvantage card to SW  card.

As scwam suggested before, the new cc wont show up on your cr for at least 30 days. During that time you total available credit will be lower on you cr bec part of it went to the "pending" cc.
Maybe that's why it dropped?
Title: Re: Re: Credit Score Drop?
Post by: creditor on January 04, 2012, 07:55:45 PM
honestly no, i  was also surprised to see such a change. i get new , updated credit score from citi  every month not every day.
as i mentioned in my post,  the latest update has my score  back to where it was and increased   couple of points
good info!! IOW credit inquiries decreases score for approx a month [at least on FACO] mods, got that ?
Title: Re: Credit Score Drop?
Post by: Saver2000 on January 04, 2012, 07:56:08 PM
You want to compare FAKO scores. You have to be kidding.

+1
They use different scoring models. Citi goes from 350-850, amex goes from 300-750.
Those aren't the exact numbers but you get the point .
Title: Re: Re: Credit Score Drop?
Post by: creditor on January 04, 2012, 07:57:30 PM
You want to compare FAKO scores. You have to be kidding.
your right shouldent be, was just trying to help jimmy1 figure out his problem
Title: Re: Credit Score Drop?
Post by: jimmy1 on January 04, 2012, 07:57:52 PM
As scwam suggested before, the new cc wont show up on your cr for at least 30 days. During that time you total available credit will be lower on you cr bec part of it went to the "pending" cc.
Maybe that's why it dropped?
that maybe, i am not expert int his, i just saw such big drop all of a sudden  after doing the credit limit transfer . i honestly don't know for sure that is the exact cause. the call lady indian did it and  i saw the cl transfer  before i hung up the phone.
Title: Re: Credit Score Drop?
Post by: scwam on January 04, 2012, 07:58:54 PM
I think citi uses the experian score. I've only been able to get monthly updates with the Citi Id program which would make it difficult to pinpoint if any of the accounts opened in the last 3 months caused this due to the lag time for reporting. My Citi ID has always been exactly the same or within 4 or 5 points of Experian's actual score directly from their websight. This is assuming that getting the score directly from Experian is also a FAKO.
Title: Re: Re: Credit Score Drop?
Post by: HelpMe on January 04, 2012, 08:00:17 PM
your right shouldent be, was just trying to help jimmy1 figure out his problem
OP has no problem that I see.   ;)
Title: Re: Re: Credit Score Drop?
Post by: creditor on January 04, 2012, 08:04:44 PM
As scwam suggested before, the new cc wont show up on your cr for at least 30 days. During that time you total available credit will be lower on you cr bec part of it went to the "pending" cc.
Maybe that's why it dropped?
+1
think wev got the answer, as said its probably the credit shifting made it, since your overall credit got lower, OP best way to check it, was your credit utilization lower when score went down, to when your score went up?
Title: Re: Re: Re: Credit Score Drop?
Post by: creditor on January 04, 2012, 08:05:59 PM
OP has no problem that I see.   ;)
but you seem to be having a big 1
Title: Re: Credit Score Drop?
Post by: jimmy1 on January 04, 2012, 08:06:17 PM
honestly no, i  was also surprised to see such a change. Normally i get new , updated credit score from citi  every month not every day.
as i mentioned in my post,  the latest update has my score  back to where it was and increased   couple of points
Title: Re: Re: Re: Credit Score Drop?
Post by: HelpMe on January 04, 2012, 08:09:09 PM
but you seem to be having a big 1
...and that would be?
Title: Re: Re: Re: Re: Credit Score Drop?
Post by: creditor on January 04, 2012, 08:14:26 PM
...and that would be?
nothing personal, its aimply that OP didn't post just to let us know that he's score has dropped, so we shell feel bad for him, he was obviously trying to understand the reason for the drop, thats y I asked what I asked,
still not getting it ? ur helpless
Title: Re: Re: Re: Re: Credit Score Drop?
Post by: HelpMe on January 04, 2012, 08:17:59 PM
nothing personal, its aimply that OP didn't post just to let us know that he's score has dropped,
Maybe you missed the first three words of the first post:

"just to share" 
Title: Re: Re: Re: Re: Re: Credit Score Drop?
Post by: creditor on January 04, 2012, 08:23:19 PM
Maybe you missed the first three words of the first post:

"just to share"
saw it still, we ddf'rs take such  "just to share" very seriously what exactly was the reason, as we try figuring out reason for an array of stuff related to cc etc.
so if it wasent OP's problam its the problem of all of us
and your problem need's some solution desperately
Title: Re: Credit Score Drop?
Post by: 3ZeroT on January 04, 2012, 08:26:35 PM
That's what's great about DDF - even when you don't ask for help you get 3 pages of it!
Title: Re: Re: Re: Re: Re: Credit Score Drop?
Post by: HelpMe on January 04, 2012, 08:28:06 PM
and your problem need's some solution desperately
Do you enjoy making personal attacks? Have you read the forum rules?
Title: Re: Re: Re: Re: Re: Re: Credit Score Drop?
Post by: creditor on January 04, 2012, 08:51:46 PM
Do you enjoy making personal attacks? Have you read the forum rules?
pardon me
Title: Re: Re: Re: Re: Re: Re: Credit Score Drop?
Post by: bubbles on January 04, 2012, 08:56:09 PM
pardon me
Rules (http://forums.dansdeals.com/index.php?topic=31.0)
Quote from:  forum rules
-Limit of one username per person.
-No referral offers or discussion of referral offers and/or shopping portals are allowed on the forums
-No "flaming" other members, constructive criticism only!
-No commercial advertising.
-Start a new thread when bringing up a new issue, don't start a new topic in an existing thread.
-Discussion and links to competing sites and "3rd-party" deals are not allowed.
-Try to find the board that is the best place for your topic.
-Perform a search prior to posting a new thread to see if it's already being discussed.
-MLM/Pyramid Scheme discussion is not allowed.
-Buying or selling of miles and points are not allowed.
-Discussion of forum moderation actions must be done via the Private Messaging (PM) system.
-No cross-posting.  Do not make the same post on 2 different boards or threads.
-No PM spamming.
Title: Re: Credit Score Drop?
Post by: AJK on January 04, 2012, 09:51:32 PM
I've never seen someone invoke that rule before.

My day has been made.
Title: Re: Credit Score Drop?
Post by: BAHayman on January 04, 2012, 10:06:08 PM
hehe fun read. now back to reading a pilots q and a (http://forums.dansdeals.com/index.php?topic=12749.msg164793) :D
Title: Re: Credit Score Drop?
Post by: AJK on January 04, 2012, 10:15:25 PM
hehe fun read. now back to reading a pilots q and a (http://forums.dansdeals.com/index.php?topic=12749.msg164793) :D

+1, much more entertaining.
Title: Re: Re: Re: Re: Re: Re: Re: Credit Score Drop?
Post by: creditor on January 05, 2012, 05:30:05 AM
Rules (http://forums.dansdeals.com/index.php?topic=31.0)
while I might have missed the third line in the forum rules,
Mr Helpme missed the whole point of how this forum works, when someone starts an issue of interest posters elaborate and discuss it to get most info out of it or to help the OP,
so missing a rule is still better then missing the whole point,
p.s.I'm still not getting where bubbles comes into the picture, I guess people just like to show of they're copy/past/linking skills,

again nothing here is written in a personal matter, I admire you all LOL
Title: Re: Re: Re: Re: Re: Re: Re: Credit Score Drop?
Post by: HelpMe on January 05, 2012, 07:51:45 AM
Mr Helpme missed the whole point of how this forum works...
Coming from someone who is trying to compare two different FAKO scores I will consider this as a compliment. It seems you would benefit immensely by reading more and posting less.

Title: Re: Re: Re: Re: Re: Re: Re: Re: Credit Score Drop?
Post by: creditor on January 05, 2012, 09:31:21 AM
Coming from someone who is trying to compare two different FAKO scores I will consider this as a compliment. It seems you would benefit immensely by reading more and posting less.
AGAIN wasent trying to compare, just trying to figure out what caused his drop,
please STOP reading and posting
helpless
Title: Re: Re: Re: Re: Re: Re: Re: Credit Score Drop?
Post by: bubbles on January 05, 2012, 10:15:25 AM

p.s.I'm still not getting where bubbles comes into the picture, I guess people just like to show of they're copy/past/linking skills,

again nothing here is written in a personal matter, I admire you all LOL

I would just like to inform you that I have officially been retained as Mr. HelpMe's legal counsel (http://forums.dansdeals.com/index.php?topic=12672.msg165015#msg165015). Henceforth any negative comments you have directed at my client should be addressed to me.  :P
Title: Re: Re: Re: Re: Re: Re: Re: Credit Score Drop?
Post by: bubbles on January 05, 2012, 10:17:40 AM

p.s.I'm still not getting where bubbles comes into the picture, I guess people just like to show ofoff they'retheir copy/pastpaste/linking skills,

again nothing here is written in a personal matter, I admire you all LOL

Oh and FTFY
Title: Re: Re: Re: Re: Re: Re: Re: Credit Score Drop?
Post by: HelpMe on January 05, 2012, 10:19:53 AM
I would just like to inform you that I have officially been retained as Mr. HelpMe's legal counsel (http://forums.dansdeals.com/index.php?topic=12672.msg165015#msg165015). Henceforth any negative comments you have directed at my client should be addressed to me.  :P
Now we are going to have to figure out compensation. What’s your poison? Points, miles or cash back? Please say miles.   ;)
Title: Re: Re: Re: Re: Re: Re: Re: Re: Credit Score Drop?
Post by: creditor on January 05, 2012, 11:09:46 AM
I would just like to inform you that I have officially been retained as Mr. HelpMe's legal counsel (http://forums.dansdeals.com/index.php?topic=12672.msg165015#msg165015). Henceforth any negative comments you have directed at my client should be addressed to me.  :P
although didn't understand the link still u made me laugh :))
Title: Re: Credit Score Drop?
Post by: Dan on January 05, 2012, 12:32:57 PM
Now we are going to have to figure out compensation. What’s your poison? Points, miles or cash back? Please say miles.   ;)
Ha!
Title: Re: Credit Score Drop?
Post by: HelpMe on January 05, 2012, 03:37:21 PM
Ha!
I thought even though I have very limited experience in this area I might be able to come up with a way for bubbles to earn a few miles here and there. Sarah Palin came to mind. What do you think?
Title: Re: Credit Score Drop?
Post by: creditor on January 07, 2012, 02:11:11 PM
just saw a score drop from 788 to 768 on my wifes credit score, due to an amex starewood opened on dec/5  I wad told earlier by amex credit bureau reporting unit that they report new accounts 3 months after opening, but in my case it took a month,
anyone got more info on that, like when amex reports,
problem is was about to apply for 2 new chase's but now my credit debt ratio due to this new account is around 16% which lowers the score
Title: Re: Credit Score Drop?
Post by: Jkhein on January 07, 2012, 02:24:37 PM
I wad told earlier by amex credit bureau reporting unit that they report new accounts 3 months after opening, but in my case it took a month,
I dont know if such a department exists at all, but in all my experiences it showed instantly on my credit report, so he might of been pulling your leg...
Title: Re: Re: Credit Score Drop?
Post by: creditor on January 07, 2012, 04:38:18 PM
I dont know if such a department exists at all, but in all my experiences it showed instantly on my credit report, so he might of been pulling your leg...
this is the dep in amex, handling reporting for the credit bureaus,
so your sayin in your case it was reported as a "new account" straight away, or your talking about the inquiry?
Title: Re: Credit Score Drop?
Post by: chris22 on January 08, 2012, 02:59:03 AM
You want to compare FAKO scores. You have to be kidding.

I'm learning a lot from a guy who knows this area pretty well so I'll just quote him on this...

"You are falling for the marketing trap of FICO vs FAKO. There is no such thing. Many lenders have moved away from FICO because they are more expensive than the competitors. What you call FAKOs are not simulated scores but actual scores. Many lenders use them. I will concede that many mortgages still use FICO because Freddie/Fannie wanted a standard risk indicator and FICO was the de facto at the time.

If you look up the entomology on term FAKO, I believe you find that Suze Orman coined the term. Guess what she sells. Don't believe the marketing hype."

"This is such a terrible misconception. I cringe every time I hear it repeated. Sure FICO is the primary score used in a mortgage. That is because Freddie/Fannie require a common benchmark of credit risk.

For every thing else, banks have been moving away from FICO because they are expensive. To suggest other scores are FAKE or simulations is marketing spin from FICO. It is like saying Monster Cables are the only way to watch HD movies. "

So basically these non-FICO scores are every bit as legitimate as FICO and are derived from the same credit information but obviously all having their own unique and ultra-secret method for quantifying that magic number.
Discuss away...
Title: Re: Credit Score Drop?
Post by: AsherO on January 08, 2012, 03:14:51 AM
Discuss away...

Nothing to discuss, your post discredits itself.
Title: Re: Re: Credit Score Drop?
Post by: creditor on January 08, 2012, 04:10:19 AM
I'm learning a lot from a guy who knows this area pretty well so I'll just quote him on this...

"You are falling for the marketing trap of FICO vs FAKO. There is no such thing. Many lenders have moved away from FICO because they are more expensive than the competitors. What you call FAKOs are not simulated scores but actual scores. Many lenders use them. I will concede that many mortgages still use FICO because Freddie/Fannie wanted a standard risk indicator and FICO was the de facto at the time.

If you look up the entomology on term FAKO, I believe you find that Suze Orman coined the term. Guess what she sells. Don't believe the marketing hype."

"This is such a terrible misconception. I cringe every time I hear it repeated. Sure FICO is the primary score used in a mortgage. That is because Freddie/Fannie require a common benchmark of credit risk.

For every thing else, banks have been moving away from FICO because they are expensive. To suggest other scores are FAKE or simulations is marketing spin from FICO. It is like saying Monster Cables are the only way to watch HD movies. "

So basically these non-FICO scores are every bit as legitimate as FICO and are derived from the same credit information but obviously all having their own unique and ultra-secret method for quantifying that magic number.
Discuss away...
as far as cc your wrong in every way, Chase amex as well as all major cc lenders, rely ONLY on FICO,
Title: Re: Credit Score Drop?
Post by: AsherO on January 08, 2012, 04:15:43 AM
as far as cc your wrong in every way, Chase amex as well as all major cc lenders, rely ONLY on FICO,

That's not true, you've even said so yourself recently:

so we know that lenders/cc issuers besides looking at the actual credit score they look at inquiries/late payments/+other factors
Title: Re: Re: Credit Score Drop?
Post by: creditor on January 08, 2012, 04:22:52 AM
That's not true, you've even said so yourself recently:
true that they look at a whole bunch of other factors, but as far as the score they look at the FICO score only, the don't use any other score
Title: Re: Credit Score Drop?
Post by: AsherO on January 08, 2012, 04:29:36 AM
true that they look at a whole bunch of other factors, but as far as the score they look at the FICO score only, the don't use any other score

I figured that might be what you meant, but it isn't what you said.
Title: Re: Re: Credit Score Drop?
Post by: creditor on January 08, 2012, 04:31:10 AM
I figured that might be what you meant, but it isn't what you said.
we wer discussing scores only, given that, thats what I said
Title: Re: Re: Credit Score Drop?
Post by: HelpMe on January 08, 2012, 08:52:55 AM
as far as cc your wrong in every way, Chase amex as well as all major cc lenders, rely ONLY on FICO,
Please STOP posting wrong information. Chase also uses their internal scoring system and has nothing to do with FICO!!!
Title: Re: Re: Credit Score Drop?
Post by: Jkhein on January 08, 2012, 09:04:25 AM
Please STOP posting wrong information. Chase also uses their internal scoring system and has nothing to do with FICO!!!
+1
Title: Re: Re: Re: Credit Score Drop?
Post by: creditor on January 08, 2012, 10:33:44 AM
Please STOP posting wrong information. Chase also uses their internal scoring system and has nothing to do with FICO!!!
AFAIK they use FICO, but let it be true, still CHRIS22'S post doesn't make sense at all
the most valuable score is FICO no argument
Title: Re: Re: Re: Credit Score Drop?
Post by: chris22 on January 08, 2012, 11:43:22 AM
AFAIK they use FICO, but let it be true, still CHRIS22'S post doesn't make sense at all
the most valuable score is FICO no argument

Wow. You guys are hilarious. Not super friendly, but hilarious. Exactly what part of my post doesn't make sense to some of you? Did the Monster Cable analogy lose you? Maybe I can help you out a little. Saying "FICO is the most valuable" score in and of itself doesn't contradict my post at all. And simply posting a snarky "your post discredits itself" doesn't help much either. Try dropping the KIA 'tudes and maybe we can all learn something new.

Title: Re: Re: Re: Credit Score Drop?
Post by: HelpMe on January 08, 2012, 11:55:29 AM
Wow. You guys are hilarious. Not super friendly, but hilarious. Exactly what part of my post doesn't make sense to some of you? Did the Monster Cable analogy lose you? Maybe I can help you out a little. Saying "FICO is the most valuable" score in and of itself doesn't contradict my post at all. And simply posting a snarky "your post discredits itself" doesn't help much either. Try dropping the KIA 'tudes and maybe we can all learn something new.
Please don’t lump me into “one of the guys”. I never was, currently am not and never will be “one of the guys” on this forum.   ;D

A couple of the major FAKO scores that many sites use are Transrisk and Vantagescore. Do you know of any CC company that use these scores in their decision making process?
Title: Re: Credit Score Drop?
Post by: scwam on January 08, 2012, 12:13:30 PM
We used Beacon(Equifax)/Fico at AT&T Universal Card (now citi) years ago when we evaluated. Although I'm not sure if it was the default bureau and could have also been region based as well. On the phone during inter-representative calls we always referred the word Beacon. At that time I don't believe we had an internal scoring system, but this was so long ago too.
Title: Re: Re: Re: Credit Score Drop?
Post by: chris22 on January 08, 2012, 12:32:41 PM
Please don’t lump me into “one of the guys”. I never was, currently am not and never will be “one of the guys” on this forum.   ;D

A couple of the major FAKO scores that many sites use are Transrisk and Vantagescore. Do you know of any CC company that use these scores in their decision making process?

Thanks for the reply. Maybe we need to define the term "FAKO" to begin with. Are Experian, TransUnion and Equifax scores considered FACOs? Or is it any score aside from these 3? I'm still learning about this myself. I also have a friend who is a bank manager here in town who I may see today and I'm going to ask him about your question and this other stuff and get his take on it. While I respect the source of my previously posted information it would definitely be nice to get another view on this. I'll check and see what he has to say about the validity and value of these "FACO" scores and if his bank is actually moving toward other, non-FICO scores for their various loans.
Title: Re: Re: Re: Credit Score Drop?
Post by: HelpMe on January 08, 2012, 12:40:48 PM
Maybe we need to define the term "FAKO" to begin with.
It is very simple. Does it use the FICO trademark?

Actually what it comes down to is the score that the FI’s is using for your application. It does not matter if you call it a FICO or FAKO.
Title: Re: Credit Score Drop?
Post by: gozalim on January 08, 2012, 01:53:35 PM
even if anyone isn't using FICO, they're using their own (proprietary) FAKO, not the ones being sold to you by the monitoring agency
Title: Re: Credit Score Drop?
Post by: jimmy1 on January 08, 2012, 07:33:10 PM
applied for CHASE SP but didn't get instant approval or denial and got PENDING REVIEW. I wonder it maybe due to my previous CHASE SW application in OCT 2011.
called and said it first has to  go through processing and they can't make a decision on phone. The rep told me I have good relationship with chase , I have 2 chase cards, freedom   applied in 2008 , and SW. and 2 chase checking.

i wanted to apply for the INK BOLD right after the SP but since i got no approval for SP first, i  quit the INK BOLD application
Title: Re: Re: Re: Credit Score Drop?
Post by: chris22 on January 08, 2012, 08:19:09 PM
It is very simple. Does it use the FICO trademark?

Actually what it comes down to is the score that the FI’s is using for your application. It does not matter if you call it a FICO or FAKO.

Well, after talking to my bank manager friend I'm just about as confused as I was before. He said they do most all of their checks via Equifax but there is some in-house stuff that can alter that score for them and then he lost me as to some other stuff he said. I think where I may have had some confusion is that I was thinking the big 3 scores were FAKO scores and that FICO was an actual organization that had this one magic number. Evidently not. (Anyone know what FICO stands for exactly?)
I think I'll just quit while I'm behind and settle for your piece of wisdom above. (I'm not going to pay for any credit score, FICO or not, anyway so it's not like I actually care.)
Title: Re: Credit Score Drop?
Post by: Dan on January 08, 2012, 08:22:21 PM
The bottom line is anyone can make their own scoring system, we can have a DDF scoring system, but it's worthless as no major agency will use it.  That's how I look at the myriad of scoring systems out there.

FICO is still used by most major companies, alongside their own internal scoring system which weighs factors important to them more heavily.
Title: Re: Re: Re: Credit Score Drop?
Post by: HelpMe on January 08, 2012, 08:23:55 PM
(Anyone know what FICO stands for exactly?)

Fair Isaac Corporation
Title: Re: Credit Score Drop?
Post by: AsherO on January 08, 2012, 11:33:47 PM
Fair Isaac Corporation

+1

FICO is an organization that developed a standardized scoring algorithm that scores the data contained on each of your credit reports to evaluate your creditworthiness. FAKOs are various scoring algorithms that attempt to simulate FICO or provide an alternative (e.g. Vantage, PLUS etc).

Chase (and virtually every other lender) looks at your (usually FICO) score as well as other factors (such as income, debt-to-income ratio, income-to-credit ratio etc. etc.) when evaluating you for credit. I'm convinced that their criteria isn't set in stone and there's some leeway (which explains the inconsistent experiences with recon).
Title: Re: Credit Score Drop?
Post by: mancunian on January 11, 2012, 03:09:33 PM
not reading through the whole thread... but if this wasn't answered yet:

if your credit was taken from a visa platinum (for example) to a signature, it may no longer be in your total credit calculation (on FICO too). happened to me
you can have (for example) $40k credit. FICO shows $20k and 50% utilization....
i think
Title: Re: Credit Score Drop?
Post by: jimmy1 on January 11, 2012, 07:13:29 PM
applied for CHASE SP< got 2 pulls, 1 from EQUIFAX as CHASE and 1 from transunion as FIRST USA.
 won't try another chase card for  next 12 months.
Title: Re: Credit Score Drop?
Post by: yaacov37 on January 12, 2012, 06:13:23 PM
hi
i just had my SSN 2month ago , i apply 1 month ago for the chase freedom and amex SPG and they denied.
i would like to know which credit card i can get it first?
Title: Re: Credit Score Drop?
Post by: miamiles on January 12, 2012, 06:45:23 PM
inquiry will lower....but once charged and paid back...wil go higher than before
Title: Re: Credit Score Drop?
Post by: lcyitz on January 12, 2012, 06:56:26 PM
hi
i just had my SSN 2month ago , i apply 1 month ago for the chase freedom and amex SPG and they denied.
i would like to know which credit card i can get it first?
what you wanna do is become an au on lets say a citi card then that would boost your credit than you can try and apply for a citi a month later or try a store card i.e gap. this is all as far as i know (might wanna  confirm with a pro) 
Title: Re: Credit Score Drop?
Post by: jimmy1 on January 12, 2012, 08:17:37 PM
it is strange that payments are not reported to credit bureaus  for  weeks. I made all the card payments over 2 weeks ago and have 0 balance but my latest updated  credit report shows them as balance due.  I always pay balances before due dates to keep  my CL high.

My scores have dropped  few points due to few HARD INQUIRIES in the last 8 months but the recent payments should have reflected on my credit report and they are not.
 
what's happening?

I got the latest updates reports and scores yesterday/
Title: Re: credit score
Post by: A European on May 05, 2013, 09:28:48 PM
Is that a problem ?
Title: Re: credit score
Post by: MEIR613 on May 05, 2013, 09:29:18 PM
Is that a problem ?
No
Title: Re: credit score
Post by: nobiggy on May 05, 2013, 10:41:01 PM
I don't know about AMEX, but Citi's identity monitor's 3 fico scores are the real deal.
Yes, I've gotten the free month at least 6 times already.

I just did citi and it says my EX is unrated and my others are like 720 seems weird.
Title: Re: credit score
Post by: Dave321 on September 30, 2013, 03:25:06 PM
Hi,

If i am getting an auto insurance quote, I was told that I got a soft pull.

Does it hurt me if i get multiple quotes?

TIA
Title: Re: credit score
Post by: Lou Bob on September 30, 2013, 03:29:13 PM
Hi,

If i am getting an auto insurance quote, I was told that I got a soft pull.

Does it hurt me if i get multiple quotes?

TIA
only hard pulls will hurt ur score
Title: Re: credit score
Post by: Dave321 on September 30, 2013, 03:30:27 PM
only hard pulls will hurt ur score

ok thanks

They also claim that I am getting a higher rate bec my credit score isnt high (i have 734).

Any truth to this?
Title: Re: credit score
Post by: jewdkoff on September 30, 2013, 06:17:54 PM
Bumpage. Basically you check your credit reports every day and after some time the inquiry falls off. This has something to do with the CR only being able to contain a limited amount of inquires so once you overload it with you own inquiries, the real ones fall off.

Does anyone have any info on this? Sounds very interesting
Title: Re: credit score
Post by: jaywhy on September 30, 2013, 06:54:34 PM
Does anyone have any info on this? Sounds very interesting
Google it.
Title: Re: credit score
Post by: Shmulyg on September 30, 2013, 07:22:43 PM
Does anyone have any info on this? Sounds very interesting
Don't get your hopes up. It doesn't work for Experian.
Title: Re: credit score
Post by: jewdkoff on September 30, 2013, 07:27:49 PM
Google it.

I did, couldn't find anything
Title: Re: credit score
Post by: jaywhy on September 30, 2013, 07:30:55 PM
I did, couldn't find anything
Really??
I just Googled it and the entire first page had the right results.
Title: Re: credit score
Post by: Moshe90 on September 30, 2013, 11:37:47 PM
Which company let u pull your report a few times a day?
Title: Re: credit score
Post by: Myccrabbi on September 30, 2013, 11:49:51 PM
Which company let u pull your report a few times a day?
if they gave u access thru a free trial u should b able to excess it as many times as u want until it expires .
And make sure to cancel it


Title: Re: credit score
Post by: Love A Gr8 Deal!! on October 21, 2013, 10:21:34 AM
Just checked my credit score on Quizzle and Creditsesame.com, It's 590 on Quizzle and 675 on Creditsesame. Why is there such a large gap and which one is more accurate???
Do you think the score is good enough to be approved for Chase CC, I did 3BM yesterday?
TYIA

Title: Re: credit score
Post by: PlatinumGuy on October 21, 2013, 10:22:13 AM
Neither of them are accurate at all.
Title: Re: credit score
Post by: Love A Gr8 Deal!! on October 21, 2013, 10:24:13 AM
How can I obtain accurate score, indirectly. I already used my yearly credit check on all 3 agencies.
Title: Re: credit score
Post by: rcarentals on October 21, 2013, 10:27:52 AM
Sign up for free trial at experian and cancel.. Don't have link quick Google search tho..
Title: Re: credit score
Post by: CountValentine on October 21, 2013, 10:38:14 AM
Sign up for free trial at experian and cancel.. Don't have link quick Google search tho..
IIRC EX does not have a free trial for FICO score but EQ does.
http://www.dansdeals.com/go/myfico/
Title: Re: credit score
Post by: rcarentals on October 21, 2013, 10:42:43 AM
IIRC EX does not have a free trial for FICO score but EQ does.
http://www.dansdeals.com/go/myfico/
Correct my bad.. Equifax it was..
Title: Re: Credit Score Drop?
Post by: shmooz on February 20, 2014, 10:36:52 AM
Didnt want to start a new thread, so here goes...

A school is going to place a hold on my card and collect at various times during the year. Will that cause it to look like I am maxing out my credit and possibly affect my credit score?
Title: Re: Credit Score Drop?
Post by: Marco Polo on February 20, 2014, 10:57:01 AM
Didnt want to start a new thread, so here goes...

A school is going to place a hold on my card and collect at various times during the year. Will that cause it to look like I am maxing out my credit and possibly affect my credit score?
Probably depends how much they are putting on hold. Would it be most of your CL?
Title: Re: Credit Score Drop?
Post by: shmooz on February 20, 2014, 11:16:03 AM
Probably depends how much they are putting on hold. Would it be most of your CL?

yes, all of it pretty much

how about if i pay it off so no balance is ever reported?
Title: Re: Credit Score Drop?
Post by: CountValentine on February 20, 2014, 11:18:17 AM
yes, all of it pretty much

how about if i pay it off so no balance is ever reported?
When you say hold do you mean a temp charge? If so then it will not matter to your score.
Title: Re: Credit Score Drop?
Post by: Lou Bob on February 20, 2014, 11:20:15 AM
When you say hold do you mean a temp charge? If so then it will not matter to your score.
+1 only whatever posts will count.
And it sounds like it will post, cuz he's asking about paying it off early.
As long as it's paid off before the statement cuts, it will not show on the credit report.
As far as the credit card company, they may have an issue with it.
Title: Re: Credit Score Drop?
Post by: shmooz on February 20, 2014, 12:03:46 PM
Thanks for responses.
Just to clarify, the school wants to make sure they are paid, so they put a hold on the card in the amount of $5000 (or whatever) and charge it when it comes due. The total amount is pretty much my total credit line on that card.

I think that will lower my credit line to near zero, so if I charge even a few dollars that will look like I am maxing out. So i am thinking that by making sure when it closes there is no balance that will not affect anything.
Title: Re: Credit Score Drop?
Post by: Marco Polo on February 20, 2014, 12:15:38 PM
Thanks for responses.
Just to clarify, the school wants to make sure they are paid, so they put a hold on the card in the amount of $5000 (or whatever) and charge it when it comes due. The total amount is pretty much my total credit line on that card.

I think that will lower my credit line to near zero, so if I charge even a few dollars that will look like I am maxing out. So i am thinking that by making sure when it closes there is no balance that will not affect anything.
See if it is possible to find out when the bank reports to the CA. try and work it out that the bill is paid before they report.
Title: Re: Credit Score Drop?
Post by: MC on March 06, 2014, 06:50:20 PM
How many points will your credit score usually drop when you're one day late for payment?
Title: Re: Credit Score Drop?
Post by: CountValentine on March 06, 2014, 07:15:00 PM
How many points will your credit score usually drop when you're one day late for payment?
Zero
Title: Re: Credit Score Drop?
Post by: Excalibur on May 06, 2014, 07:47:07 PM
My credit score dropped 6 points due to increased cl utilization on twenty second of April (Barclay). I paid it off and planned chase apps. But I was told they receive a report based on submissions to the bureau, they don't see what a current snapshot would look like. Is there any way to see where my eq/ex are holding regarding my cl utilization before I submit apps
Title: Re: Credit Score Drop?
Post by: Excalibur on May 07, 2014, 10:55:05 AM
Bump, I think this is a pretty significant observation btw
Title: Re: Credit Score Drop?
Post by: dovidb on May 07, 2014, 12:32:36 PM

How many points will your credit score usually drop when you're one day late for payment?
it only gets reported after you are 30 days late
Title: Information about Credit Scores
Post by: HDS on May 22, 2014, 10:13:57 AM
(I posted this first in the START HERE thread, but because that is pinned, I don't think it gets much traffic, except for the very useful wiki. I did do a light edit, but apologies for reposting for those who saw this there.)

A recent study shows that I'm not alone in knowing little about Credit Scores. (http://www.consumerfed.org/news/669)

I've been looking for a thread about them - how they are really calculated, what matters, what doesn't matter, how they are used by banks, what is the best way to dispute, etc. I have searched, and I haven't really found anything like that.

If there isn't such a thread already, would such a new thread be welcome here by The Establishment?

I have done a fair number of Google searches. Many sites have the famous percentages, and "examples" of how much a good score can save you. I get it - I should pay my bills on time, and I want a "good score." :) Few, if any, seem to have information on the calculations themselves, or specifics on how positive or negative activity in any of the percentage categories are actually scored. I understand that much of this is proprietary bank information, but surely there is some specific knowledge and advice out there? If anyone has any helpful links with information, I'd be eager to see them - feel free to PM or post.

A smattering of the questions I have: (I understand that some of them are broader than just the credit score piece, but that's an important part of all of them. Plus, I have more.)

Even though the percentages tell you how much the categories are worth (On time payments, 35%, how much you owe, 30%, etc.) I don't understand how particular activities within those categories are scored. Examples (not the best, but you'll get the point, hopefully): If I miss a $3,000 mortgage payment by a month, will I get a 0 for my 35% of on time payments? Is that the same as if I missed an $85 student loan payment by a month 10 years ago? Or if I missed a $1.95 CC payment in high school that I still haven't paid? If I recently refinanced, so I still owe close to 100% of my current mortgage, is that a black mark against my 30% of how much I owe, or do they not look at the mortgage piece for "how much I owe"?

What are items that are worth disputing off your credit reports, and what are effective ways to do this? How long does it take different negative items to get off your report by themselves?

How badly (and for how long) do pulls + new credit hurt, as compared with the benefit of more credit leading to a lower utilization ratio? Is there a way to calculate this?

If your mortgage is by far your largest credit, dwarfing your CC credit, and your utilization is high (meaning, you aren't close to paying it off) does this impact your score in terms of credit card approvals?

How often should you put a few dollars on a CC you don't use for regular spending in order to make it work in your favor in your credit score?

What are good practices in terms of managing CLs, both in terms of credit score and in terms of being approved for more CCs from the same bank in the future? Is it detrimental to have a wide variation between CLs on different CCs, independent of utilization?

Most of the charts showing different levels seem to group the over 700 crowd together, pretty much. Maybe there is another little break at around 740. Once you are over 74x, how much benefit do you get by continuing to increase your score? Obviously, you shouldn't do anything to negatively impact your score, but are certain banks known to have target scores one should aim for for easier CC approval?
Title: Re: Information about Credit Scores
Post by: HDS on May 23, 2014, 08:56:04 AM
Views: 56
Replies: 0

When a post falls in the forums, and no one replies, does it make a sound?
Title: Re: Information about Credit Scores
Post by: EJB on May 23, 2014, 08:58:29 AM
No
Title: Re: Information about Credit Scores
Post by: george on May 23, 2014, 09:06:38 AM
Search the main site. I'm pretty sure there's at least one write-up addressing your questions.
Title: Re: Information about Credit Scores
Post by: HDS on May 23, 2014, 10:18:18 AM
Search the main site. I'm pretty sure there's at least one write-up addressing your questions.

Ok, thanks. Will check.
Title: Re: Information about Credit Scores
Post by: chucksterace on May 23, 2014, 10:20:35 AM
Here's one.. Still looking...

Credit Cards For Dummies: 10 Frequently Asked Questions (http://www.dansdeals.com/archives/41582)
Want To Boost Your Credit Score? Spend On Business Cards Instead Of Consumer Cards. (http://www.dansdeals.com/archives/25391)
Credit Score FAQs Part 1: Opening And Closing Cards. (http://www.dansdeals.com/archives/23410)

Main Site Credit Card Posts (http://www.dansdeals.com/credit-card-posts)
Title: Re: Information about Credit Scores
Post by: HDS on May 23, 2014, 10:47:14 AM
Here's one.. Still looking...

Credit Cards For Dummies: 10 Frequently Asked Questions (http://www.dansdeals.com/archives/41582)
Want To Boost Your Credit Score? Spend On Business Cards Instead Of Consumer Cards. (http://www.dansdeals.com/archives/25391)
Credit Score FAQs Part 1: Opening And Closing Cards. (http://www.dansdeals.com/archives/23410)

Main Site Credit Card Posts (http://www.dansdeals.com/credit-card-posts)

Very kind of you to post these, thank you.

I think I've actually seen all of them before, but I will read them again with a fine toothed comb. Dan is really excellent on the general concepts, and for true beginners, he is 100% right not to get bogged down in the details and nitty-gritty. It's exactly those "under-the-hood" calculations and mechanics of the process that I'm looking for, though.

Combs aren't generally fine toothed enough to actually comb out ink, let alone computer pixels, but I'll make sure mine is! For Science!
Title: Re: Information about Credit Scores
Post by: bobthebuilder on May 23, 2014, 01:37:42 PM
You can also check out millionmilesecret he is very clear as well
Title: Re: Information about Credit Scores
Post by: ariIs on May 23, 2014, 03:22:41 PM
I don't think you will ever get an exact formula.
The reason being is that the credit bureaus keep their formulas secret. That's exactly why they can charge everyone else $$ for access to people's credit scores ;)

To answer some of your questions, to the best of my knowledge:

Missing a mortgate payment BTW is a big no-no. It stays on your report practically forever and impacts your score much more than late CC  payments.
I think the only worse thing for your credit score than a missed mortgage is a bankruptcy.

Mortgages and other secured loans (i.e. car loans) are also not calculated the same way as CCs with (debt / credit) = utilization formula. This makes sense, as it's not a credit line extended to you (i.e. you cannot borrow more on your mortgage), and it's secured by assets (your house).
Rather the monthly amount of the mortgage payment vs. your income matters.
I'm not sure however whether this latter point (monthly payment / income) makes it into your score or not.
Title: Re: Information about Credit Scores
Post by: HDS on May 23, 2014, 06:20:13 PM
I don't think you will ever get an exact formula.
The reason being is that the credit bureaus keep their formulas secret. That's exactly why they can charge everyone else $$ for access to people's credit scores ;)

True, I thought some people might have a good sense of it, though.

The percentages that everyone knows is something, the way the equation is constructed is something more, but still less than the actual equation itself, you know?

Quote
To answer some of your questions, to the best of my knowledge:

Missing a mortgate payment BTW is a big no-no. It stays on your report practically forever and impacts your score much more than late CC  payments.
I think the only worse thing for your credit score than a missed mortgage is a bankruptcy.

This makes sense, and I have no plans to miss a mortgage payment. I was using it as an example of how I didn't know the relative weights of things.

Quote
Mortgages and other secured loans (i.e. car loans) are also not calculated the same way as CCs with (debt / credit) = utilization formula. This makes sense, as it's not a credit line extended to you (i.e. you cannot borrow more on your mortgage), and it's secured by assets (your house).
Rather the monthly amount of the mortgage payment vs. your income matters.
I'm not sure however whether this latter point (monthly payment / income) makes it into your score or not.

I don't think income is a part of it (the credit score) at all, though it certainly is taken into account on CC apps.
Title: Re: Information about Credit Scores
Post by: Yehuda25 on May 25, 2014, 03:06:49 PM
Income is not part of it, though I heard that fico is coming out with a new scoring model.
Title: Re: Information about Credit Scores
Post by: Nitantnel on May 25, 2014, 03:56:54 PM
Intel is planning on making a credit score based on their quickbooks, not sure how exactly it works but they claim that it will be much better than the current model.
Title: Credit Score
Post by: mkenigsber001 on May 27, 2014, 03:32:28 PM
I'm about to apply for one of the chase ink cards to lock in the 60k. I also have a targeted amex gold offer for 50k. My only issue is that I'm about to trade in my car -all probably going to happen this week. Will the pulls from opening the two cards affect my rates for financing the car? I have excellent credit. TIA!
Title: Re: Credit Score
Post by: Nitantnel on May 27, 2014, 03:40:37 PM
Of course a pull will effect your credit. Why not trade in the car before you apply?

Title: Re: Credit Score
Post by: mkenigsber001 on May 27, 2014, 03:48:31 PM
I guess I will - I was just hoping to have the card in time to pay my rent with it for the month. I understand that a pull will affect my credit, but I guess I'm just wondering how much - I will be leasing (not the first time, and yes I know it makes more sense to buy lol), so I was just wondering if anyone has any experience to know whether it will significantly negatively impact my financing rate. I will be dealing with the car this week, but it can take a couple days to get it all dealt with, by which time it'll be too late to pay my rent with the new card, or use amazon payments for May.
Title: Re: Credit Score
Post by: srap on May 27, 2014, 04:00:58 PM
See if you can make arrangements to pay your rent this month at a later date--one time only--in order to put it on  the credit card that is coming next week (You can have it within two days after approval.  They overnight it at no charge.)  Maybe you can even bargain with them and tell landlord that you are willing to prepay part of next month also in the payment if they can just wait the week or two for you.
Title: Re: Credit Score
Post by: stevenr9 on May 28, 2014, 12:23:37 AM
Is there a credit pull if it's a business card?
Title: Re: Credit Score
Post by: Joe4007 on May 28, 2014, 12:24:52 AM
Is there a credit pull if it's a business card?
Of course.
Title: Re: Credit Score
Post by: Good Times on May 28, 2014, 03:18:57 AM
Is there a credit pull if I don't put in SSN
And only put in tax I'd?
Title: Re: Credit Score
Post by: joelr773 on May 28, 2014, 07:49:56 AM
Is there a credit pull if I don't put in SSN
And only put in tax I'd?
if u don't put in SSN how do u want them to pull your credit ?
Title: Re: Credit Score
Post by: ShlockDoc on May 28, 2014, 07:54:34 AM
if u don't put in SSN how do u want them to pull your credit ?

Ao how do they judge credit-worthiness from just a tin?
Title: Re: Credit Score
Post by: joelr773 on May 28, 2014, 08:09:59 AM
Ao how do they judge credit-worthiness from just a tin?
when u usually put in a tax ID means u applying for a business card u have to put in SSN later but won't pull from that unless your business is new etc.
Title: Re: Credit Score
Post by: edjack on May 28, 2014, 09:35:54 AM
So they pull your 'Tax ID'?

Does your Tax ID have its own credit report?

If so I see a lot of potential here!!!
Title: Re: Credit Score
Post by: Mordyk on May 28, 2014, 10:10:03 AM
I guess I will - I was just hoping to have the card in time to pay my rent with it for the month. I understand that a pull will affect my credit, but I guess I'm just wondering how much - I will be leasing (not the first time, and yes I know it makes more sense to buy lol), so I was just wondering if anyone has any experience to know whether it will significantly negatively impact my financing rate. I will be dealing with the car this week, but it can take a couple days to get it all dealt with, by which time it'll be too late to pay my rent with the new card, or use amazon payments for May.

how do you get your landlord to accept the credit card? he uses it?
Title: Re: Credit Score
Post by: mkenigsber001 on May 28, 2014, 11:32:56 AM
They own a bunch of buildings, and you can pay rent online through rentpayment.com, but i believe the landlord has to have that set up. It's free to pay with a bank account, and costs 25 dollars to pay by cc, but it's worth it to me if I am close to a spending threshold. Otherwise not. Much more convenient than checks though.
Title: Re: Credit Score Drop?
Post by: Davidp on June 15, 2014, 09:40:31 PM
I have a problem. I'm a subscriber to fico alerts and was just notified that a collection of $500 was just applied to my score. Apparently, a bill had been sent to my parents house (I love elsewhere but still use their address), and I had never received it. I paid the collection right away. Will this be a major detriment to my otherwise decent report? Is there any way I can get this collection off of my report without waiting 10 years. I appreciate all the help guys!
Title: Re: Credit Score Drop?
Post by: Davidp on June 15, 2014, 09:40:48 PM
*live
Title: Re: Credit Score Drop?
Post by: notanonymous on June 15, 2014, 11:15:23 PM
I have a problem. I'm a subscriber to fico alerts and was just notified that a collection of $500 was just applied to my score. Apparently, a bill had been sent to my parents house (I love elsewhere but still use their address), and I had never received it. I paid the collection right away. Will this be a major detriment to my otherwise decent report? Is there any way I can get this collection off of my report without waiting 10 years. I appreciate all the help guys!
Start by calling the creditor and explaining the situation.  Ask them to remove the derogatory mark.
Title: Re: Credit Score Drop?
Post by: Novo on June 16, 2014, 12:34:02 AM
Start by calling the creditor and explaining the situation.  Ask them to remove the derogatory mark.
IMOH this is the way to go  http://forums.dansdeals.com/index.php?topic=31484.msg839889#msg839889
Title: Re: Credit Score Drop?
Post by: shoppy810 on June 16, 2014, 12:51:12 AM
Start by calling the creditor and explaining the situation.  Ask them to remove the derogatory mark.
+1
Title: Re: Credit Score Drop?
Post by: frozy on June 16, 2014, 06:58:13 AM
I have a problem. I'm a subscriber to fico alerts and was just notified that a collection of $500 was just applied to my score. Apparently, a bill had been sent to my parents house (I love elsewhere but still use their address), and I had never received it. I paid the collection right away. Will this be a major detriment to my otherwise decent report? Is there any way I can get this collection off of my report without waiting 10 years. I appreciate all the help guys!
Shouldn't have done that.  What you're supposed to do is call and ask for pay-for-deletion (PFD). Now that they got their money you don't have leverage.

You can try a dispute -even if you really owed the money there are all sorts of laws creditors and collection agencies must follow in the DC process.  If any were violated that can be grounds for a dispute and even cancelation of debt ime
Title: Credit Score Drop?
Post by: Sport on June 16, 2014, 08:23:11 AM
On this subject; I got a ticket for going thru an Ezpass toll and apparently it didn't pick up my ezpass. I called the toll agency and showed them proof that I had an ezpass in the car at the time (I had charges on the ezpass from a toll right before and after this toll on the same day) they told me they were removing the charge. Last week (about a year after the above incident) I get a letter from a collection agency for $44 for the unpaid toll. I immediately call the Toll agency to asks them what this is about as I though I resolved the ticket a year ago. They informed me that I did resolve the surcharge but still needed to pay the $4 toll. They offered to take the payment then and stop sending it to the collection agency.
Will this happen?
Is this going to be a hit to me credit score?
Title: Re: Information about Credit Scores
Post by: chamdena on July 20, 2014, 10:27:12 PM
General question: say I close a 20k CL account in order to bring my Credit to income ratio into check.  How long ought I wait before doing my next app? In other words, if I make a pull 5 minutes later, will the change be reflected in the report/score? Or do I need to wait for a certain time frame to elapse in order for that to reflect in my credit reports?
Title: Re: Information about Credit Scores
Post by: sm8542 on July 21, 2014, 12:23:09 AM
sob total where is the best place to check my score for free ?
Title: Re: Information about Credit Scores
Post by: lunatic on July 21, 2014, 08:05:53 AM
sob total where is the best place to check my score for free ?
Discover prints it on the statement each month.
Title: Re: Information about Credit Scores
Post by: AnonymousUser on July 21, 2014, 09:25:16 AM
Discover prints it on the statement each month.
But unfortunately for those of us in NJ, that's only TU.
Title: Re: Information about Credit Scores
Post by: lunatic on July 21, 2014, 09:42:15 AM
But unfortunately for those of us in NJ, that's only TU.
Yet another reason not to live in NJ
Title: Re: Information about Credit Scores
Post by: AnonymousUser on July 21, 2014, 09:56:18 AM
Yet another reason not to live in NJ
:D
Title: Re: Information about Credit Scores
Post by: freddy on July 21, 2014, 06:53:50 PM
But unfortunately for those of us in NJ, that's only TU.
What's wrong with transunion that's the cr they all pull from in NJ
Title: Re: Information about Credit Scores
Post by: AnonymousUser on July 21, 2014, 06:55:12 PM
What's wrong with transunion that's the cr they all pull from in NJ
Nope, Chase and Amex pull Experian in NJ.
Title: Re: Information about Credit Scores
Post by: nobiggy on July 27, 2014, 02:54:54 AM
The credit scores experian gives me when I sign up for a a trial is reall FICO?
Also I got added to a cc with 90% of CL used and it's on my report will it be harder to get aprooved to cc now.
Title: Re: Information about Credit Scores
Post by: Novo on July 27, 2014, 03:31:17 AM
The credit scores experian gives me when I sign up for a a trial is reall FICO?
Also I got added to a cc with 90% of CL used and it's on my report will it be harder to get aprooved to cc now.
It might be a problem, it'll for sure be good if you could remove it
Title: Re: Information about Credit Scores
Post by: nobiggy on July 27, 2014, 09:19:46 AM
It might be a problem, it'll for sure be good if you could remove it

I removed it Friday. How long do I wait. I was an AU for 5 days.
Title: Re: Information about Credit Scores
Post by: smaxber on July 27, 2014, 09:22:18 AM
I removed it Friday. How long do I wait. I was an AU for 5 days.
No one really knows. I would think wait for the cards statement to close and then a few days because then when it posts the closing balance it won't report to yours
Title: Re: Information about Credit Scores
Post by: nobiggy on July 27, 2014, 09:24:16 AM
No one really knows. I would think wait for the cards statement to close and then a few days because then when it posts the closing balance it won't report to yours

Experian trial says my FICO is 734.  Is that correct?
Title: Re: Information about Credit Scores
Post by: Super Speed on July 27, 2014, 09:31:11 AM

Experian trial says my FICO is 734.  Is that correct?
No you're score should be 736.5
#sarcastic
Title: Re: Information about Credit Scores
Post by: ChaimMoskowitz on July 27, 2014, 09:40:09 AM
Experian trial says my FICO is 734.  Is that correct?
if the info on your CR is correct then yes.
Title: Re: Information about Credit Scores
Post by: nobiggy on July 27, 2014, 10:13:39 AM
if the info on your CR is correct then yes.

whats a good number to have before i apply for 2 chase cc?
Title: Re: Information about Credit Scores
Post by: ChaimMoskowitz on July 27, 2014, 10:15:59 AM
whats a good number to have before i apply for 2 chase cc?
800 but I think you want to know the low end for having a decent chance. can't help on that one.
Title: Re: Information about Credit Scores
Post by: Super Speed on July 27, 2014, 10:24:01 AM
Over 700 has always been fine for me but I think you want to know the low end for having a decent chance. can't help on that one.
FTFY

Title: Re: Information about Credit Scores
Post by: ChaimMoskowitz on July 27, 2014, 10:34:41 AM
FTFY
never had a score that low.
Title: Re: Information about Credit Scores
Post by: Super Speed on July 27, 2014, 10:53:01 AM
never had a score that low.
-1, you had to start somewhere ;)

Title: Re: Information about Credit Scores
Post by: ChaimMoskowitz on July 27, 2014, 10:56:24 AM
-1, you had to start somewhere ;)
that is true but your first credit score can be high. think it as having four CC's (AU's) with 20+ years of history hit your CR for the first time.
Title: Re: Information about Credit Scores
Post by: nobiggy on July 27, 2014, 10:57:20 AM
so is 734 ok to apply for chase?
Title: Re: Information about Credit Scores
Post by: Joe4007 on July 27, 2014, 10:57:40 AM
that is true but your first credit score can be high. think it as having four CC's (AU's) with 20+ years of history hit your CR for the first time.
And before that...
Title: Re: Information about Credit Scores
Post by: Joe4007 on July 27, 2014, 11:00:01 AM
so is 734 ok to apply for chase?
Depends on different factors (age of accounts, recent pulls, etc.), but I believe that should suffice.
Title: Re: Information about Credit Scores
Post by: nobiggy on July 27, 2014, 11:01:54 AM
Depends on different factors (age of accounts, recent pulls, etc.), but I believe that should suffice.

ill wait till beginning of next moth.
Title: Re: Information about Credit Scores
Post by: ChaimMoskowitz on July 27, 2014, 11:02:23 AM
And before that...
you have to have X amount of TL's to generate a score. if they are all in good standing you will have a good score.
Title: Re: Information about Credit Scores
Post by: Joe4007 on July 27, 2014, 11:06:06 AM
you have to have X amount of TL's to generate a score. if they are all in good standing you will have a good score.
AFAIK, everyone has a score even if they don't have anything on their report.
Title: Re: Information about Credit Scores
Post by: ChaimMoskowitz on July 27, 2014, 11:45:04 AM
AFAIK, everyone has a score even if they don't have anything on their report.
not correct.
Title: Re: Information about Credit Scores
Post by: Joe4007 on July 27, 2014, 11:46:23 AM
not correct.
So someone with no history would have a 000?
Title: Re: Information about Credit Scores
Post by: ChaimMoskowitz on July 27, 2014, 11:48:18 AM
So someone with no history would have a 000?
they will not be able to generate a score. also afaik a real FICO can't go below 350.
Title: Re: Information about Credit Scores
Post by: Boruch999 on July 27, 2014, 07:50:01 PM
sob total where is the best place to check my score for free ?
Barclaycard offers TU FICO free with US Airways and maybe Arrival.
Title: Re: Information about Credit Scores
Post by: joey123 on July 27, 2014, 08:59:22 PM
After I am added as an Amex AU on a person's card who has a long credit history. I will subsequently call Amex to backdate. How long will it take for my CS to be impacted? Is it instant?

Thanks
Title: Re: Information about Credit Scores
Post by: Triple Canopy on July 27, 2014, 09:38:32 PM
A lot of these details you are asking for aren't publicly available. Some of the answers I provide will be based on anecdotal evidence.

Keep in mind: The score is not everything. The banks look at all the details in your credit report and the relationship you have with the bank to determine your creditworthiness. You can have a great score and still be denied for credit .


If I miss a $3,000 mortgage payment by a month, will I get a 0 for my 35% of on time payments?
It's not black and white like that. For example, if you have 100% on-time payments except for this one month that can change how it effects your score. But yes it will tank you score.

Is that the same as if I missed an $85 student loan payment by a month 10 years ago?
No, the 10 year old late payment does not effect your score at all at this point. FICO weighs recent late payments much heavier than later.

Or if I missed a $1.95 CC payment in high school that I still haven't paid?
The amount of the late payment wouldn't matter but the fact that it happened so long ago works to your favor. If you still haven't paid that $1.95, the account has probably been charged off at this point and that is a much bigger problem.

If I recently refinanced, so I still owe close to 100% of my current mortgage, is that a black mark against my 30% of how much I owe, or do they not look at the mortgage piece for "how much I owe"?
Installment credit utilization is calculated and effects your score but not as much as revolving credit. They know when your mortgage was opened and they don't expect you to have a low utilization ratio on a mortgage that was just opened.

What are items that are worth disputing off your credit reports, and what are effective ways to do this?
Anything negative you don't want on your report. Google around you will find plenty forums dedicated to credit repair.

How long does it take different negative items to get off your report by themselves?


    Late payments: 7 years
    Bankruptcies: 7 years for completed Chapter 13 bankruptcies and 10 years for Chapter 7 bankruptcies.
    Foreclosures: 7 years
    Collections: Generally, about 7 years, depending on the age of the debt being collected.
    Public Record: Generally 7 years, although unpaid tax liens can remain indefinitely.


How badly (and for how long) do pulls + new credit hurt, as compared with the benefit of more credit leading to a lower utilization ratio? Is there a way to calculate this?


No. But it depends on your situation. If your maxed out on a few cards and you add a few new cards and keep zero balances that will certainly help your utilization ratio. My guess is the points gained by your lower utilization ratio will outweigh the loss of points with the new credit and pulls. However, if your maxed out, your probably not getting approved for new cards.


If your mortgage is by far your largest credit, dwarfing your CC credit, and your utilization is high (meaning, you aren't close to paying it off) does this impact your score in terms of credit card approvals?

No.

How often should you put a few dollars on a CC you don't use for regular spending in order to make it work in your favor in your credit score?
0. But I would put a little spend on every card once every 6 months so they don't close your cards down for inactivity.

What are good practices in terms of managing CLs, both in terms of credit score and in terms of being approved for more CCs from the same bank in the future? Is it detrimental to have a wide variation between CLs on different CCs, independent of utilization?


Don't close down a card from the same bank before shifting the credit line to an existing or new card. A popular way to get approved for cards is to offer to close and shift credit from one card in order to open up a new card. And no.

Most of the charts showing different levels seem to group the over 700 crowd together, pretty much. Maybe there is another little break at around 740. Once you are over 74x, how much benefit do you get by continuing to increase your score? Obviously, you shouldn't do anything to negatively impact your score, but are certain banks known to have target scores one should aim for for easier CC approval?

If you have a score above 760 it's safe to say you are in the top tier at every bank. 700 and 740 is a big difference. I'd say 740 is A, 760 A+
Title: Re: Information about Credit Scores
Post by: Triple Canopy on July 27, 2014, 09:39:53 PM
After I am added as an Amex AU on a person's card who has a long credit history. I will subsequently call Amex to backdate. How long will it take for my CS to be impacted? Is it instant?

Thanks

No. 30-60 days in my experience for it to update on your credit report.
Title: Re: Information about Credit Scores
Post by: joey123 on July 27, 2014, 09:41:24 PM

No. 30-60 days in my experience for it to update on your credit report.
Okay. Thanks
Title: Re: Information about Credit Scores
Post by: Triple Canopy on July 27, 2014, 09:41:49 PM
they will not be able to generate a score. also afaik a real FICO can't go below 350.

300 is the lowest score. I doubt anyone actually has it. Probably more rare than an 850.

If you have less than 6 months of credit history, a score cannot be generated.
Title: Re: Information about Credit Scores
Post by: ChaimMoskowitz on July 27, 2014, 09:42:03 PM
A lot of these details you are asking for aren't publicly available. Some of the answers I provide will be based on anecdotal evidence.
nice post. do you hang out at CB?
Title: Re: Information about Credit Scores
Post by: ChaimMoskowitz on July 27, 2014, 09:44:25 PM
300 is the lowest score. I doubt anyone actually has it. Probably more rare than an 850.

If you have less than 6 months of credit history, a score cannot be generated.
thanks for refreshing my memory. don't you also need a certain amount of TL's to generate a score? i miss my CB days.
Title: Re: Information about Credit Scores
Post by: Triple Canopy on July 27, 2014, 09:46:57 PM
thanks for refreshing my memory. don't you also need a certain amount of TL's to generate a score? i miss my CB days.

Just one tradeline that hasn't been disputed. I'm a lurker but I miss my days there too :)
Title: Re: Credit Score Drop?
Post by: MC on July 30, 2014, 10:11:01 AM
I got emails from both Barclays and Capital One Credit Tracker that my score dropped. On one it went down 40 points and on the other it went down about 20... I know these are both FAKOs but does that probably mean my score dropped some-what?
Title: Re: Credit Score Drop?
Post by: bubble347 on July 30, 2014, 10:13:57 AM
On this subject; I got a ticket for going thru an Ezpass toll and apparently it didn't pick up my ezpass. I called the toll agency and showed them proof that I had an ezpass in the car at the time (I had charges on the ezpass from a toll right before and after this toll on the same day) they told me they were removing the charge. Last week (about a year after the above incident) I get a letter from a collection agency for $44 for the unpaid toll. I immediately call the Toll agency to asks them what this is about as I though I resolved the ticket a year ago. They informed me that I did resolve the surcharge but still needed to pay the $4 toll. They offered to take the payment then and stop sending it to the collection agency.
Will this happen?
Is this going to be a hit to me credit score?
Even if it does you should have no problem disputing it with the credit bureaus.
Title: Re: Credit Score Drop?
Post by: bubble347 on July 30, 2014, 10:15:47 AM
I got emails from both Barclays and Capital One Credit Tracker that my score dropped. On one it went down 40 points and on the other it went down about 20... I know these are both FAKOs but does that probably mean my score dropped some-what?
Well if the reason has anything to do with new inquiries or large balances on your cards then it is safe to assume that your scores have been effected somewhat.
Title: Re: Information about Credit Scores
Post by: zow on July 31, 2014, 03:42:37 PM
I have a Barclay's US Airways MasterCard, and I just checked my FICO score.  It says it is 840.  I'm just a little surprised it's so good.  I recently opened 5 new Chase credit card accounts, and we have a huge mortgage and a HELOC.  Yes, we always pay our CC's in full each month, but is it possible my FICO score is almost perfect? 

And, if it's that good, should I be leveraging it more?  (I.e., open more and more CC accounts?)

Thanks in advance.
Title: Re: Information about Credit Scores
Post by: ChaimMoskowitz on July 31, 2014, 03:52:10 PM
how recently did you open the cards. does your score include this info?
Title: Re: Information about Credit Scores
Post by: zow on July 31, 2014, 04:21:56 PM
how recently did you open the cards. does your score include this info?

Opened the first cc around June 1.

I don't see any details on the Barclay's FICO site to determine whether the score includes the recent openings.

I do see that my score was about 810 in early May and then the 840 was early July.
Title: Re: Information about Credit Scores
Post by: Boruch999 on July 31, 2014, 04:28:58 PM
Barclays FICO is TU.  Perhaps the banks that issued your cards have not reported to TU yet?
Title: Re: Information about Credit Scores
Post by: ChaimMoskowitz on July 31, 2014, 04:31:02 PM
the score lags behind so they might not be included. what is more interesting is your score went from 810 to 840 in a month. any big changes to your credit file?
Title: Re: Information about Credit Scores
Post by: Joe4007 on July 31, 2014, 04:35:07 PM
the score lags behind so they might not be included. what is more interesting is your score went from 810 to 840 in a month. any big changes to your credit file?
The new accounts might have impacted it in a good way? After all Chase probably didn't pull his TU if he lives in MA, so the inquires won't be there.
Title: Re: Information about Credit Scores
Post by: zow on July 31, 2014, 04:40:24 PM
the score lags behind so they might not be included. what is more interesting is your score went from 810 to 840 in a month. any big changes to your credit file?

Sorry, meant to quote this message above.

Hi,
No big changes, other than all the new Chase accounts, opened in June. And a fair amount of spending and paying off on those cards.  But no new loans, no loans paid off, nothing like that.  And the 810 to 840 was over 2 months, FWIW.
Title: Re: Information about Credit Scores
Post by: ChaimMoskowitz on July 31, 2014, 05:03:57 PM
The new accounts might have impacted it in a good way?
not at the beginning.
Title: Re: Information about Credit Scores
Post by: MC on July 31, 2014, 06:57:36 PM
I'm a little confused about credit utilization. Let's say I have $75,000 total revolving credit. Some cards have larger lines, others have smaller.
If one particular card  happens to only have a $1,000 CL, I use $900 of it, and I forget to pay most of it off before my statement closes ... does that report negatively to my report (since I'm using 90%) or is it divided by the full $75,000, so it's not bad? (assuming, of course, none of my other cards close with a balance)
Title: Re: Information about Credit Scores
Post by: bubble347 on July 31, 2014, 07:04:17 PM
I'm a little confused about credit utilization. Let's say I have $75,000 total revolving credit. Some cards have larger lines, others have smaller.
If one particular card  happens to only have a $1,000 CL, I use $900 of it, and I forget to pay most of it off before my statement closes ... does that report negatively to my report (since I'm using 90%) or is it divided by the full $75,000, so it's not bad? (assuming, of course, none of my other cards close with a balance)
CMIIW they look at both AFAIK.
Title: Re: Information about Credit Scores
Post by: ChaimMoskowitz on July 31, 2014, 07:13:30 PM
CMIIW they look at both AFAIK.
correct
Title: Re: Information about Credit Scores
Post by: MC on July 31, 2014, 07:25:48 PM
I guess the drop in my score makes a little more sense now :(
How can I tell with Chase when my first statement will close? Amex online says it straight out for each account but I don't see that for Chase. Am I missing something?
Title: Re: Information about Credit Scores
Post by: bubble347 on July 31, 2014, 07:30:03 PM
I guess the drop in my score makes a little more sense now :(
How can I tell with Chase when my first statement will close? Amex online says it straight out for each account but I don't see that for Chase. Am I missing something?
PUTPAC
Title: Re: Information about Credit Scores
Post by: ChaimMoskowitz on July 31, 2014, 07:31:37 PM
see activity>account details

sometimes for the first statement this date changes and is not accurate.
Title: Re: Information about Credit Scores
Post by: MC on July 31, 2014, 07:37:52 PM
Thanks guys!
Title: Re: Information about Credit Scores
Post by: bubble347 on July 31, 2014, 07:40:27 PM
see activity>account details

sometimes for the first statement this date changes and is not accurate.
Hence PUTPAC ;)
Title: Re: Information about Credit Scores
Post by: ChaimMoskowitz on July 31, 2014, 07:41:33 PM
Hence PUTPAC ;)
and you trust what they say?
Title: Re: Information about Credit Scores
Post by: bubble347 on July 31, 2014, 07:46:35 PM
and you trust what they say?
They have yet to mislead me with statement closing dates but that's just my experience.
Title: Re: Information about Credit Scores
Post by: chamdena on August 01, 2014, 05:19:19 PM
I had 75k outstanding between two charge cards. I payed them up today. Ought I wait to do an apporama? Or will the paid down balances be reflected in my score/report immediately?
Title: Re: Information about Credit Scores
Post by: Joe4007 on August 01, 2014, 06:39:32 PM
I had 75k outstanding between two charge cards. I payed them up today. Ought I wait to do an apporama? Or will the paid down balances be reflected in my score/report immediately?
When's the statement closing date?
Title: Re: Information about Credit Scores
Post by: Joe4007 on August 01, 2014, 06:46:30 PM
I guess the drop in my score makes a little more sense now :(
How can I tell with Chase when my first statement will close? Amex online says it straight out for each account but I don't see that for Chase. Am I missing something?
That's exactly why I asked you if you maxed out even ONE of your cards. Especially since you were looking at your score provided by Barclays which uses a TU '08 FICO and to quote Dan: "Penalizes you even more for a high utilization ratio both individually and collectively for your cards."
Did you by chance max out one of your cards?
Title: Re: Information about Credit Scores
Post by: MC on August 01, 2014, 06:49:23 PM

That's exactly why I asked you if you maxed out even ONE of your cards. Especially since you were looking at your score provided by Barclays which uses a TU '08 FICO and to quote Dan: "Penalizes you even more for a high utilization ratio both individually and collectively for your cards."
The numbers above were just an illustration. It was really $600 out of a $2000 limit which I wouldn't call "maxed out" but this is all good to know!
Title: Re: Information about Credit Scores
Post by: chamdena on August 01, 2014, 07:09:10 PM
When's the statement closing date?
In two weeks
Title: Re: Information about Credit Scores
Post by: Joe4007 on August 01, 2014, 07:15:55 PM
In two weeks
I assume it closed 2 weeks ago with the balance? If so, I believe you'll have to wait 2 more weeks for the next statement closing date.
Title: Re: Credit Score Drop?
Post by: googwallet on August 03, 2014, 07:30:18 PM
I got emails from both Barclays and Capital One Credit Tracker that my score dropped. On one it went down 40 points and on the other it went down about 20... I know these are both FAKOs but does that probably mean my score dropped some-what?

Barclays is not a FAKO.
Its your Fico based on your TU report.
Title: Re: Information about Credit Scores
Post by: Centro on August 03, 2014, 07:36:45 PM
Where's the cheapest place to monitor my credit score (Fico obviously)?
Title: Re: Information about Credit Scores
Post by: bubble347 on August 03, 2014, 09:58:59 PM
Where's the cheapest place to monitor my credit score (Fico obviously)?
I use my fico monitoring though it's equifax. I think they charge $15 a month but the price is very haggleable.
Title: Re: Information about Credit Scores
Post by: chamdena on August 03, 2014, 11:31:13 PM
I have the credit cards.  Say one closed on the 1st with high balance, 2 closed on tenth with high balance, 3 closed on 20th with no balance plus 1 and 2 paid up. Am I good for app? Or need to wait til the cards that closed with balances close again without balances?
Title: Re: Information about Credit Scores
Post by: bubble347 on August 03, 2014, 11:36:02 PM
I have the credit cards.  Say one closed on the 1st with high balance, 2 closed on tenth with high balance, 3 closed on 20th with no balance plus 1 and 2 paid up. Am I good for app? Or need to wait til the cards that closed with balances close again without balances?
Best option.
Title: Re: Information about Credit Scores
Post by: chamdena on August 03, 2014, 11:36:42 PM
Best option.
Roger. 20/4
Title: Re: Information about Credit Scores
Post by: Centro on August 07, 2014, 12:48:06 PM
I use my fico monitoring though it's equifax. I think they charge $15 a month but the price is very haggleable.
Experience?
Title: Re: Information about Credit Scores
Post by: joey123 on August 10, 2014, 02:52:13 AM
Quick question about credit utilization, and its affect on your CS.

I accidentally spent my credit line on 1/4 cards as the bill closed two days before I thought it did. So the credit line was 6K and I spent 6K. Will this only negatively affect my credit for 2 months? What has been people's experience with this?

TIA
Title: Re: Information about Credit Scores
Post by: Joe4007 on August 10, 2014, 03:23:34 AM
Quick question about credit utilization, and its affect on your CS.

I accidentally spent my credit line on 1/4 cards as the bill closed two days before I thought it did. So the credit line was 6K and I spent 6K. Will this only negatively affect my credit for 2 months? What has been people's experience with this?

TIA
Why 2 months? AFAIK only 1 month until your next statement closing is reported.
Title: Re: Information about Credit Scores
Post by: joey123 on August 10, 2014, 03:28:24 AM
Why 2 months? AFAIK only 1 month until your next statement closing is reported.

Okay. Thanks, so there is nothing to worry about. Just wanted to confirm.
Title: Re: Information about Credit Scores
Post by: freddy on August 12, 2014, 02:09:50 PM
I spent over %50 of my CL on 1 card last statement period on my Discover card this statement period I spent less and my Discover FICO CS is 704. Is this reflecting my current statement period (which they reported the same time they checked my credit) or the last one?
Title: Re: credit score
Post by: Ephraimh on September 04, 2014, 10:18:17 AM
Credit Karma now gives you access to your full credit report.
Title: Re: credit score
Post by: Joe4007 on September 04, 2014, 10:51:40 AM
Credit Karma now gives you access to your full credit report.
http://forums.dansdeals.com/index.php?topic=43876.0
Title: Re: credit score
Post by: Ephraimh on September 04, 2014, 10:57:22 AM

http://forums.dansdeals.com/index.php?topic=43876.0
Thanks,

Like 5 threads on credit report/score, should be converted.
Title: Re: credit score
Post by: davidch on September 27, 2014, 11:49:27 PM
Hi a friend just told me that he made a payment two days late (first time) and wanted to know how it will effect his credit score?
Title: Re: credit score
Post by: Centro on September 28, 2014, 12:04:56 AM
Hi a friend just told me that he made a payment two days late (first time) and wanted to know how it will effect his credit score?
It won't effect his credit, late payments aren't reported unless you're more then 30 days late,
If it's his first time he can even try to get his late payment fee refunded.
Title: Re: credit score
Post by: davidch on September 28, 2014, 12:48:19 AM
It won't effect his credit, late payments aren't reported unless you're more then 30 days late,
If it's his first time he can even try to get his late payment fee refunded.

Thanks a lot.
They responded with this


The late payment fee was billed to your account because
the minimum payment was not received by the due date. I
refunded this fee and you will see an adjustment on your
next statement.

We've also made arrangements on your account for two
months to make sure you aren?t charged interest on the fee
we refunded.
Title: Re: credit score
Post by: @Yehuda on October 07, 2014, 10:49:34 PM
I'm going to sleep now, so I can't have a conversation, but I was wondering if anyone has any ideas?
My TU was 764 in August as per my LH card, and now it's 696. In that time period, I've had a pull from my new landlord approving my rental application and let 1 or 2 cc bills close with a higher balance than normal (i.e. i left $1000-$2000 on a $9K CL card when I normally leave $200-300).
Any idea what happened? Best way to contact TU to find out?
Title: Re: credit score
Post by: @Yehuda on October 19, 2014, 10:46:06 AM
I'm going to sleep now, so I can't have a conversation, but I was wondering if anyone has any ideas?
My TU was 764 in August as per my LH card, and now it's 696. In that time period, I've had a pull from my new landlord approving my rental application and let 1 or 2 cc bills close with a higher balance than normal (i.e. i left $1000-$2000 on a $9K CL card when I normally leave $200-300).
Any idea what happened? Best way to contact TU to find out?
Update:
I just checked my TU report and there were no recent pulls (my landlord must have pulled a different bureau) but in addition to 2 balances that were high (again, $2-3K balances), I was 30 days late to a student loan payment.

Does anyone understand credit scores at all? Can 1 late payment and 2 high balances really drop a score 70 points in a month??
Title: Re: credit score
Post by: EJB on October 19, 2014, 10:52:54 AM
I'm going to sleep now, so I can't have a conversation, but I was wondering if anyone has any ideas?
My TU was 764 in August as per my LH card, and now it's 696. In that time period, I've had a pull from my new landlord approving my rental application and let 1 or 2 cc bills close with a higher balance than normal (i.e. i left $1000-$2000 on a $9K CL card when I normally leave $200-300).
Any idea what happened? Best way to contact TU to find out?

It's possible to drop significantly bc of a late payment. But are you sure you're comparing apples to apples scores? There are different flavors of credit scores, even FICO
Title: Re: credit score
Post by: dudi on October 19, 2014, 11:00:06 AM
It's possible to drop significantly bc of a late payment. But are you sure you're comparing apples to apples scores? There are different flavors of credit scores, even FICO
That is really true according to chase I have 680 and according to discover I don't even have a score yet
Title: Re: credit score
Post by: Mordyk on October 19, 2014, 12:24:36 PM
I have a had a 21 point drop for some reason. I pulled my freecreditreport already this year.  Where is the cheapest/best place to pay to get a one time full credit score and report?

TIA
Title: Re: credit score
Post by: @Yehuda on October 19, 2014, 01:00:55 PM
It's possible to drop significantly bc of a late payment. But are you sure you're comparing apples to apples scores? There are different flavors of credit scores, even FICO
Barclays shows me the 2 scores over 2 months... :(
Title: Re: credit score
Post by: AJK on October 19, 2014, 01:02:16 PM
Does anyone understand credit scores at all? Can 1 late payment and 2 high balances really drop a score 70 points in a month??

Absolutely.
Title: Re: credit score
Post by: EJB on October 19, 2014, 01:03:13 PM
I have a had a 21 point drop for some reason. I pulled my freecreditreport already this year.  Where is the cheapest/best place to pay to get a one time full credit score and report?

TIA

For report and FAKO score creditkarma
Title: Re: credit score
Post by: Mordyk on October 19, 2014, 01:03:40 PM
For report and FAKO score creditkarma
I need fico
Title: Re: credit score
Post by: EJB on October 19, 2014, 01:06:17 PM
I need fico

That's only relevant in regards to score, not the report. Multiple banks offer free FICOS if you have a cc through them (eg Barclays, Discover). You also often get FICOS as part of cc application, especially if you are denied.
Title: Re: credit score
Post by: Mordyk on October 19, 2014, 01:06:54 PM
That's only relevant in regards to score, not the report. Multiple banks offer free FICOS if you have a cc through them (eg Barclays, Discover). You also often get FICOS as part of cc application, especially if you are denied.
Credit karma doesnt have all pulls
Title: Re: credit score
Post by: dan5082030 on October 19, 2014, 05:32:31 PM
what is the cheapest way to check my credit score?
I have a discover cc and I get my FICO score every month FREE
Title: Re: credit score
Post by: dan5082030 on October 19, 2014, 05:35:14 PM
I check usually my on Credit Karma as well but this month I decided that's it's more less FAKO it dropped over 70 points for no good reason and on the other hand my FICO score went with 20 points more this month so I think that it's more less not accurate
Title: Re: credit score
Post by: @Yehuda on October 19, 2014, 07:34:35 PM
Absolutely.
Darn :(
Title: Re: credit score
Post by: avrumy22 on October 20, 2014, 12:25:34 AM
Just got a letter from chase from an INK card that I got denied from (recon approved it). On it it says a credit score.

Fico or Fako?
Title: Re: credit score
Post by: Centro on October 20, 2014, 12:27:47 AM
Just got a letter from chase from an INK card that I got denied from (recon approved it). On it it says a credit score.

Fico or Fako?
FICO
Title: Re: credit score
Post by: avrumy22 on October 20, 2014, 12:37:08 AM
FICO

Oh baby!!!! My score is higher then expected!
Title: Re: credit score
Post by: ChaimMoskowitz on October 20, 2014, 02:25:57 AM
Oh baby!!!! My score is higher then expected!
Does it say FICO anywhere?
Title: Re: credit score
Post by: Yitzshpitz on October 20, 2014, 10:09:04 AM
Does getting denied hurt your credit score?
Title: Re: credit score
Post by: TimT on October 20, 2014, 10:10:21 AM
Does getting denied hurt your credit score?
When you apply your credit score goes down. Doesn't matter if you get approved or denied.
Title: Re: credit score
Post by: noturbizniss on October 20, 2014, 11:35:06 AM
Does it say FICO anywhere?
I got one of those. Its one of the new FICO scores. Don't recall all the details, i think i posted about it somewhere...

Found it
My wife got declined for 1/2 chase ink cards and just got the letter today. IT says it's a FIco score, but the range is 250-900.  What's going on here?  Wikipedia  (http://en.wikipedia.org/wiki/Credit_score_in_the_United_States#FICO_score_ranges)says
Quote
The FICO bankcard score and FICO auto-enhanced score are between 250 and 900.
(http://i60.tinypic.com/2s1rf9w.jpg)
Title: Re: credit score
Post by: avrumy22 on October 20, 2014, 11:42:18 AM
Does it say FICO anywhere?

Yes. Same letter as above.
Title: Re: credit score
Post by: ChaimMoskowitz on October 20, 2014, 12:12:34 PM
Yes. Same letter as above.
Ok but can it be your score is higher than expected because they are using a different scale?  ;)
Title: Re: credit score
Post by: avrumy22 on October 20, 2014, 12:21:55 PM
Ok but can it be your score is higher than expected because they are using a different scale?  ;)

hmmmm... we need a pro to chime in.
Title: Re: credit score
Post by: efflpetzel on October 20, 2014, 12:31:18 PM
Just wondering, if I use a 0 APR card for spending & make only minimum payments how will that affect my credit score?
Title: Re: credit score
Post by: Mordyk on October 20, 2014, 12:32:44 PM
where can i get the free credit score after signing up for a new chase card?
Title: Re: credit score
Post by: ChaimMoskowitz on October 20, 2014, 12:32:54 PM
Just wondering, if I use a 0 APR card for spending & make only minimum payments how will that affect my credit score?
Your score will go down. How much, nobody knows.
Title: Re: credit score
Post by: Mordyk on October 20, 2014, 12:33:23 PM
Just wondering, if I use a 0 APR card for spending & make only minimum payments how will that affect my credit score?

credit to debt ratio may be high. doesnt matter on the interest
Title: Re: credit score
Post by: Ephraimh on October 20, 2014, 01:39:26 PM

Just wondering, if I use a 0 APR card for spending & make only minimum payments how will that affect my credit score?
Your score will go down. How much, nobody knows.
-1
As long the minimum payments are made and the debt to credit ratio is healthy, your score won't be affected.
Title: Re: credit score
Post by: Joe4007 on October 20, 2014, 01:42:40 PM
-1
As long the minimum payments are made and the debt to credit ratio is healthy, your score won't be affected.
When someone asks a question like that, he isn't intending to use 10% of that cards line.
Title: Re: credit score
Post by: ChaimMoskowitz on October 20, 2014, 01:45:30 PM
As long the minimum payments are made and the debt to credit ratio is healthy, your score won't be affected.
What % you talking about?
Title: Re: credit score
Post by: Ephraimh on October 20, 2014, 01:47:21 PM

When someone asks a question like that, he isn't intending to use 10% of that cards line.
If that's the case, his question should've been "if I'm planning on maxing out my card(s), will my score take a hit? To which the answer is obviously  "yes"..

But that wasn't what he asked
Title: Re: credit score
Post by: Ephraimh on October 20, 2014, 01:49:25 PM

What % you talking about?
Credit utilization
Title: Re: credit score
Post by: ChaimMoskowitz on October 20, 2014, 01:50:50 PM
Credit utilization
That was not my question. What % do you consider healthy? Also are you talking overall or on one card?
Title: Re: credit score
Post by: Joe4007 on October 20, 2014, 01:51:03 PM
Credit utilization
:D :D
Title: Re: credit score
Post by: Ephraimh on October 20, 2014, 01:53:04 PM

That was not my question. What % do you consider healthy? Also are you talking overall or on one card?
Under 20% (under 10% even better)

And FICO (unlike vantage) looks at both overall & individually
Title: Re: credit score
Post by: ChaimMoskowitz on October 20, 2014, 01:55:25 PM
Under 20% (under 10% even better)
Then your original statement is wrong. If you use 19% of your CL on a card or overall your score will see a decrease.
Title: Re: credit score
Post by: Ephraimh on October 20, 2014, 01:58:58 PM

Then your original statement is wrong. If you use 19% of your CL on a card or overall your score will see a decrease.
SOIDH
Title: Re: credit score
Post by: ChaimMoskowitz on October 20, 2014, 02:01:18 PM
SOIDH
I will let the DDF members decide who knows what they are talking about.  :)
Title: Re: credit score
Post by: Ephraimh on October 20, 2014, 02:04:42 PM

I will let the DDF members decide who knows what they are talking about.  :)

I still remember you from your previous "gilgul" (I'll let the other DDF members understand that word...)
But I still disagree with ya, with all due respect of course..
Title: Re: Credit Score Drop?
Post by: Boruch999 on October 20, 2014, 02:05:45 PM
Barclays is not a FAKO.
Its your Fico based on your TU report.
+1.  My Credit Karma TU score and my Barclays TU score are currently identical.
Title: Re: credit score
Post by: ChaimMoskowitz on October 20, 2014, 02:07:34 PM
I still remember you from your previous "reincarnation"
FTFY  :P
Title: Re: credit score
Post by: Ephraimh on October 20, 2014, 02:07:56 PM

FTFY  :P
Title: Re: Credit Score Drop?
Post by: Mordyk on October 20, 2014, 02:08:24 PM
+1.  My Credit Karma TU score and my Barclays TU score are currently identical.
if i wouldve know this info yesterday...  i saw on Barclay that i had a 21 point drop. fast went to pull my credit report and saw thats its not my real score
Title: Re: credit score
Post by: efflpetzel on October 20, 2014, 02:08:24 PM

Then your original statement is wrong. If you use 19% of your CL on a card or overall your score will see a decrease.
why,
Isn't under 30% ok?
Title: Re: credit score
Post by: TimT on October 20, 2014, 02:09:26 PM
why,
Isn't under 30% ok?
Dan always writes to keep it under 10%.
Title: Re: credit score
Post by: ChaimMoskowitz on October 20, 2014, 02:10:45 PM
why,
Isn't under 30% ok?
I never said it wasn't OK just that your score will drop. I have been at 80% overall and 100% on some cards and my score was OK.
Title: credit score
Post by: Ephraimh on October 20, 2014, 02:11:09 PM
Dan always writes to keep it under 10%.
+1
Or as per lots of FAKO providers, under 20%.
Title: Re: credit score
Post by: ChaimMoskowitz on October 20, 2014, 02:13:51 PM
10%, 20%, or 30% it is different for everyone. It all depends on your credit profile. The longer and thicker your file is the more you can get away with.
Title: Re: credit score
Post by: reed on October 24, 2014, 11:53:48 AM
So a couple of weeks ago i checked all 3 of my credit reports, saw some negative info there one from a collection agency and one from verizon. I called up the collection agency as well as verizon and they said they will delete from report. They sent me an email with an official letter stating that they were deleting from report.

My question is I want to check to see that it is really off: 1. How long should I give them before I check. and 2: Being that I already got my 3 reports for free where can I check my reports again for little or no money?
Title: Re: credit score
Post by: etech0 on October 24, 2014, 11:59:16 AM
So a couple of weeks ago i checked all 3 of my credit reports, saw some negative info there one from a collection agency and one from verizon. I called up the collection agency as well as verizon and they said they will delete from report. They sent me an email with an official letter stating that they were deleting from report.

My question is I want to check to see that it is really off: 1. How long should I give them before I check. and 2: Being that I already got my 3 reports for free where can I check my reports again for little or no money?
Read the chase recon thread; posts from a few days ago. You can get experian for free again.
Title: Re: credit score
Post by: reed on October 24, 2014, 12:02:11 PM
Read the chase recon thread; posts from a few days ago. You can get experian for free again.

How about EQ and TU anyway?
Title: Re: credit score
Post by: etech0 on October 24, 2014, 12:08:43 PM
How about EQ and TU anyway?
AFAIK Discover and Barclay will give you one of them on your statements/online. TU maybe? I don't remember.
Title: Re: credit score
Post by: upside down on October 24, 2014, 02:03:24 PM
Is creditkarma accurate on how many hard pulls you have on your account. I have applied for about 10 chase cards spread through the year and it all it shows is one chase pull. Is that possible or it's a mistake
Title: Re: credit score
Post by: TimT on October 24, 2014, 02:12:47 PM
Is creditkarma accurate on how many hard pulls you have on your account. I have applied for about 10 chase cards spread through the year and it all it shows is one chase pull. Is that possible or it's a mistake
Doesn't make much sense.
Title: Re: credit score
Post by: EJB on October 24, 2014, 02:15:36 PM
Is creditkarma accurate on how many hard pulls you have on your account. I have applied for about 10 chase cards spread through the year and it all it shows is one chase pull. Is that possible or it's a mistake

Mine is lower than I'd expect as well
Title: Re: credit score
Post by: TimT on October 24, 2014, 02:25:49 PM
Mine is lower than I'd expect as well
http://forums.dansdeals.com/index.php?topic=43876.msg880227#msg880227
Title: Re: credit score
Post by: tzvicoco on October 24, 2014, 02:41:01 PM
how long does it take a credit pull to show up on your credit score? I just did an app-o-rama three weeks ago and my credit score went up...
Title: Re: credit score
Post by: noturbizniss on October 24, 2014, 03:20:12 PM
http://forums.dansdeals.com/index.php?topic=43876.msg880227#msg880227
Score is FAKO, the pull count is real. That being said...
Is creditkarma accurate on how many hard pulls you have on your account. I have applied for about 10 chase cards spread through the year and it all it shows is one chase pull. Is that possible or it's a mistake
Credit Karma is Transunion only, and applications ( in NY and NJ at least) mainly have pulls from Experian, so they won't show up on Credit karma. Credit Sesame is an experian company, thought I'm not sure they show the actual number of pulls.
Title: Re: credit score
Post by: noturbizniss on October 24, 2014, 03:21:05 PM
how long does it take a credit pull to show up on your credit score? I just did an app-o-rama three weeks ago and my credit score went up...
Depending on all the other factors, it may not impact the score. If they are on the list of pulls, then dont worry
Title: Re: credit score
Post by: upside down on October 24, 2014, 04:04:10 PM
i checked creditsesame and as you said they dont shows how many pulls are on my account, is there any way for me to figure out how many pulls are on my account to gauge if its safe to apply for a few more chase cards?
Title: Re: credit score
Post by: noturbizniss on October 24, 2014, 04:30:13 PM
Annualcreditreport.com and hey the experian one. Or sign up for one of the free or 1.00 trials and remember to cancel our use a citi virtual number with 1.00 limit
Title: Re: credit score
Post by: Boruch999 on October 25, 2014, 03:26:23 PM
i checked creditsesame and as you said they dont shows how many pulls are on my account, is there any way for me to figure out how many pulls are on my account to gauge if its safe to apply for a few more chase cards?

See here:  http://forums.dansdeals.com/index.php?topic=8398.msg940477#msg940477

An amazing way to get your EX report for free forever ( or until they change it.)
Title: Re: credit score
Post by: Boruch999 on October 25, 2014, 03:27:13 PM
See here:  http://forums.dansdeals.com/index.php?topic=8398.msg940477#msg940477

An amazing way to get your EX report for free forever ( or until they change it.)
[/quote

This really belongs in a wiki somewhere.  Anyone have any ideas as to which one?
Title: Re: credit score
Post by: smiley face on October 28, 2014, 05:29:21 PM
Will it hurt my credit score if I put large amounts on new credit cards and pay them off right away.
E.g. $5000 with a $5000 credit limit?
Also is anyone familiar regarding doing this before applying for a mortgage (in about 3-4 months)?
Title: Re: credit score
Post by: avrumy22 on October 28, 2014, 05:32:31 PM
Will it hurt my credit score if I put large amounts on new credit cards and pay them off right away.
E.g. $5000 with a $5000 credit limit?
Also is anyone familiar regarding doing this before applying for a mortgage (in about 3-4 months)?

deff not recommended to max out your card. One thing you can do is pay it off before the statement closes (diff from when the payment is due)

another option is to put it on a business card.
Title: Re: credit score
Post by: AJK on October 28, 2014, 05:33:36 PM
Generally speaking, as long as you've paid off the balance well in advance of the statement cut date (when they usually report outstanding balances to bureaus) you should be fine.

That said, apparently some creditors report amount paid during billing month (http://forums.dansdeals.com/index.php?topic=45992.msg945440#msg945440), so keep that in mind.
Title: Re: credit score
Post by: smiley face on October 28, 2014, 05:38:08 PM
deff not recommended to max out your card. One thing you can do is pay it off before the statement closes (diff from when the payment is due)

another option is to put it on a business card.
Thanks! that's what I meant as soon as it posts to the credit card...
Generally speaking, as long as you've paid off the balance well in advance of the statement cut date (when they usually report outstanding balances to bureaus) you should be fine.

That said, apparently some creditors report amount paid during billing month (http://forums.dansdeals.com/index.php?topic=45992.msg945440#msg945440), so keep that in mind.
Thanks!
Title: Re: credit score
Post by: Joe4007 on October 28, 2014, 05:40:36 PM
Generally speaking, as long as you've paid off the balance well in advance of the statement cut date (when they usually report outstanding balances to bureaus) you should be fine.

That said, apparently some creditors report amount paid during billing month (http://forums.dansdeals.com/index.php?topic=45992.msg945440#msg945440), so keep that in mind.
And what if they do, does that lower his credit utilization ratio? I wouldn't think so.
Title: Re: credit score
Post by: AJK on October 28, 2014, 05:47:09 PM
And what if they do, does that lower his credit utilization ratio? I wouldn't think so.

Has nothing to do with utilization.
Title: Re: credit score
Post by: Joe4007 on October 28, 2014, 05:50:54 PM
Has nothing to do with utilization.
Correct. So why would it concern him?
Title: Re: credit score
Post by: AJK on October 28, 2014, 06:00:57 PM
Churning a CL is viewed as risky.
Title: Re: credit score
Post by: ChaimMoskowitz on October 28, 2014, 06:04:26 PM
Churning a CL is viewed as risky.
Now you tell us.  :)
Title: Re: credit score
Post by: reed on October 30, 2014, 11:59:09 AM
my score went up from a 578 to 740 in 18 days!!!
Title: Re: credit score
Post by: Mordyk on October 30, 2014, 12:01:06 PM
my score went up from a 578 to 740 in 18 days!!!
how was that???

Title: Re: credit score
Post by: TimT on October 30, 2014, 12:02:46 PM
my score went up from a 578 to 740 in 18 days!!!
All fico ?
Title: Re: credit score
Post by: reed on October 30, 2014, 12:04:02 PM
how was that???

Never paid attention too it much. Pulled my credit reports saw some collections that were paid in full for not alot of money, called up the agencies got them removed. Brought down balance on my credit card and BAM
Title: Re: credit score
Post by: reed on October 30, 2014, 12:04:25 PM
All fico ?

Yes Equifax from Myfico
Title: Re: credit score
Post by: reed on October 30, 2014, 12:06:20 PM
Time to sign up for some cards any recommendations?
Title: Re: credit score
Post by: TimT on October 30, 2014, 12:19:04 PM
Time to sign up for some cards any recommendations?
That would depend on what you currently have, what points/miles you wanna accrue. 740 to high for you ?  :)
Title: Re: credit score
Post by: reed on October 30, 2014, 12:24:27 PM
That would depend on what you currently have, what points/miles you wanna accrue. 740 to high for you ?  :)

your saying I shouldn't sign up at 740 - wait till it goes up higher?

Have SPG now, looking for mostly travel points miles - hotels/airfare
Title: Re: credit score
Post by: TimT on October 30, 2014, 12:44:21 PM
your saying I shouldn't sign up at 740 - wait till it goes up higher?

Have SPG now, looking for mostly travel points miles - hotels/airfare
740 is okay, not the best. There's the business ink plus, chase BA is currently fee free 1st year, BRG from Amex. Etc.. There's lots to choose from.
Title: Re: credit score
Post by: ShlockDoc on October 30, 2014, 02:15:48 PM
My wife has one stain on her credit report from 2010 but it's still hurting her. It's a payment to a store charge card that was 30 days late.  The card has since been closed and the report has a remark that says, "PURCHASED BY ANOTHER LENDER; TRANSFERRED TO ANOTHER OFFICE."  and no phone number listed.  Does anyone have any advice or experience on going about getting that removed or is she stuck with it until 2017?

Thanks!
Title: Re: credit score
Post by: reed on October 30, 2014, 02:34:00 PM
Did you call the store and ask them to remove it? Google the name of the collector and someone on a credit forum has forsure dealt with them in the past
Title: Re: credit score
Post by: ShlockDoc on October 30, 2014, 02:48:48 PM
Did you call the store and ask them to remove it? Google the name of the collector and someone on a credit forum has forsure dealt with them in the past

The store is listed as

CITI CARDS RPL/CBNA
PO BOX 6497
SIOUX FALLS, SD 57117

Google returns that to a Home Depot card but my wife claims it was a J Jill card...
Title: Re: credit score
Post by: Geshmak25 on October 30, 2014, 03:23:18 PM
Do stores do a hard pull for their CCs? My wife keeps on telling me she can open up XX card and get $$ back. If it doesn't do a pull then why not? But if it pulls credit then I could get a different CC with 20X the award...
Title: Re: credit score
Post by: Mordyk on October 30, 2014, 03:24:56 PM
Do stores do a hard pull for their CCs? My wife keeps on telling me she can open up XX card and get $$ back. If it doesn't do a pull then why not? But if it pulls credit then I could get a different CC with 20X the award...
i have this discussion with my wife every time a store offers a card ;)
Title: Re: credit score
Post by: reed on October 30, 2014, 03:28:02 PM
Do stores do a hard pull for their CCs? My wife keeps on telling me she can open up XX card and get $$ back. If it doesn't do a pull then why not? But if it pulls credit then I could get a different CC with 20X the award...

Pretty sure they do. Any way their dumb cards - even for spending at their respective stores.
Title: Re: credit score
Post by: Geshmak25 on October 30, 2014, 03:28:10 PM
i have this discussion with my wife every time a store offers a card ;)


It's seriously ridiculous. One time she opened a nordstrom card for a $20 voucher. Oy.
Title: Re: credit score
Post by: TimT on October 30, 2014, 03:28:25 PM
Do stores do a hard pull for their CCs? My wife keeps on telling me she can open up XX card and get $$ back. If it doesn't do a pull then why not? But if it pulls credit then I could get a different CC with 20X the award...
What's the most $$ back these store cc's offer ?
Title: Re: credit score
Post by: reed on October 30, 2014, 03:29:42 PM
What's the most $$ back these store cc's offer ?

Banana gives you like an additonal 10% of your purchase when you sign up for your card - big freaking whoop
Title: Re: credit score
Post by: Mordyk on October 30, 2014, 03:32:03 PM
It's seriously ridiculous. One time she opened a nordstrom card for a $20 voucher. Oy.
;D ;D ;D

GAP tries to get my wife every time
Title: Re: credit score
Post by: TimT on October 30, 2014, 03:54:11 PM
Do stores do a hard pull for their CCs? My wife keeps on telling me she can open up XX card and get $$ back. If it doesn't do a pull then why not? But if it pulls credit then I could get a different CC with 20X the award...
One time after you do a 3bm or MBM for her & get everything approved you could let her open one of those just to make her happy.
Title: Re: credit score
Post by: Emkay on November 03, 2014, 06:30:11 AM
http://blogs.wsj.com/totalreturn/2014/10/17/millions-of-consumers-to-gain-access-to-credit-scores/?mod=WSJ_hps_sections_yourmoney
Title: Re: credit score
Post by: rochel on November 04, 2014, 02:50:19 AM
I am getting denied from Chase Ink because I have to many inquiries, my score is in the high seven hundreds, is that so bad?

I have overall good credit, but those all those inquires are killing me, I have opened quite a few cards in the past two years, but I never had a problem getting approved.

Is there a way of fixing this?

 I would like to open an amex card now, is it worth trying?  I don't want any more unnecessary pulls 

advice please?
Title: Re: credit score
Post by: reed on November 05, 2014, 09:49:18 AM
Does requesting a credit increase on an amex require a hard pull?
Title: Re: credit score
Post by: noturbizniss on November 05, 2014, 10:20:10 AM
Does requesting a credit increase on an amex require a hard pull?
CMIIAM, but IIRC usually not. I know the ones that are instantly approved do not.
Title: Re: credit score
Post by: rochel on November 05, 2014, 10:22:11 AM
I am getting denied from Chase Ink because I have to many inquiries, my score is in the high seven hundreds, is that so bad?

I have overall good credit, but those all those inquires are killing me, I have opened quite a few cards in the past two years, but I never had a problem getting approved.

Is there a way of fixing this?

 I would like to open an amex card now, is it worth trying?  I don't want any more unnecessary pulls 

advice please?

hey where are all the nice helpful ddf'ers  I need your input, please.
Title: Re: credit score
Post by: TimT on November 05, 2014, 10:26:11 AM
hey where are all the nice helpful ddf'ers  I need your input, please.
How many inquiries/approvals in the last few months ? & how many current open Amex cards ?
Title: Re: credit score
Post by: noturbizniss on November 05, 2014, 10:35:25 AM
hey where are all the nice helpful ddf'ers  I need your input, please.
IME Chase is very picky with the INK business cards. less so than with the personal cards or AMEX.
Title: Re: credit score
Post by: rochel on November 05, 2014, 10:40:36 AM
I had 2 inquires from chase ink, neither got approved

all the other applications in the past two years did get approved

my last amex inquiry was approved in May 2013

I have no open open amex cards right now, just an au on my husbands card
Title: Re: credit score
Post by: TimT on November 05, 2014, 10:41:56 AM
I had 2 inquires from chase ink, neither got approved

all the other applications in the past two years did get approved

my last amex inquiry was approved in May 2013

I have no open open amex cards right now, just an au on my husbands card
You should be fine for an amex card. How recent was the last pull ?
Title: Re: credit score
Post by: rochel on November 05, 2014, 10:43:55 AM
chase ink 2 weeks ago
Title: Re: credit score
Post by: TimT on November 05, 2014, 10:44:58 AM
chase ink 2 weeks ago
If your score is in the high seven hundreds you should be fine.
Title: Re: credit score
Post by: noturbizniss on November 05, 2014, 10:52:56 AM
chase ink 2 weeks ago
How many inquiries are there on your report and how old. Like Tim said, with last amex pull in 2013, you should be good for them anyway.
Title: Re: credit score
Post by: noturbizniss on November 05, 2014, 10:53:44 AM
Any websites that offer free or 1.00 trial credit reports from experian that are churnable. I'd use Citi virtual number so i dont need to bother calling to cancel.
Title: Re: credit score
Post by: dealfinder85 on November 10, 2014, 02:35:06 PM
https://www295.americanexpress.com/premium/credit-report-monitoring/home.do
this worthwhile?
now i see it seems they dont give you fico
anyone use this?
Title: Re: credit score
Post by: dealfinder85 on November 10, 2014, 03:00:27 PM
spend a dollar on experians site to get my score, which now i realize is fako
Title: Re: credit score
Post by: justaregularguy on November 10, 2014, 11:20:48 PM
does this make any sense: i had a score of 741 about a month ago when i applied (and denied) for ink plus. then last week a got 2 amex cards and my score is 716(2bm). was that too close together in applying that they smacked me w a huge pull?
Title: Re: credit score
Post by: D93 on November 12, 2014, 02:13:51 AM
If I check my CR from annualcreditreport.com, is it a hard pull? Will it show up as a "recent inquiry"?
Title: Re: credit score
Post by: thaber on November 12, 2014, 02:16:32 AM
If I check my CR from annualcreditreport.com, is it a hard pull? Will it show up as a "recent inquiry"?
no it's a soft pull
Title: Re: credit score
Post by: noturbizniss on November 12, 2014, 10:42:07 AM
If I check my CR from annualcreditreport.com, is it a hard pull? Will it show up as a "recent inquiry"?
Any time YOU check your own score it's a soft pull (annualcreditreport, freecreditreport.com, credit karma, etc.)
Title: Re: credit score
Post by: noturbizniss on November 12, 2014, 10:42:32 AM
does this make any sense: i had a score of 741 about a month ago when i applied (and denied) for ink plus. then last week a got 2 amex cards and my score is 716(2bm). was that too close together in applying that they smacked me w a huge pull?
Do you have large balances on any cards?
Title: Re: credit score
Post by: justaregularguy on November 12, 2014, 08:12:30 PM
Do you have large balances on any cards?
is 250$ alot? probably not..im not sure if my score went down bc of the applications or before for some other reason. is it possible they pulled 20 some odd points just for applying for a card?!
Title: Re: credit score
Post by: Mordyk on November 13, 2014, 12:22:41 PM
is 250$ alot? probably not..im not sure if my score went down bc of the applications or before for some other reason. is it possible they pulled 20 some odd points just for applying for a card?!
$250 can be alot for a $500 cl.  it is calculated percentage-wise credit limit to credit used
Title: Re: credit score
Post by: freddy on November 13, 2014, 08:00:42 PM
How long does an inquiry affect your score? (Not how long it stays on your report for)
Title: Re: credit score
Post by: ChaimMoskowitz on November 13, 2014, 08:04:21 PM
TU & EQ 24 months and 25 for EX.
Title: Re: credit score
Post by: freddy on November 13, 2014, 08:13:56 PM
TU & EQ 24 months and 25 for EX.
How long does an inquiry affect your score? (Not how long  it stays on you report for)
Title: Re: credit score
Post by: ChaimMoskowitz on November 13, 2014, 08:17:08 PM

When an inquire drops off does your score go up?

Most say it affects your score for 12 mo's with the biggest impact for the first 6 mo's.
Title: Re: credit score
Post by: TimT on November 13, 2014, 08:22:46 PM
How long does an inquiry affect your score? (Not how long it stays on your report for)
About 6 months
Title: Re: credit score
Post by: ChaimMoskowitz on November 13, 2014, 08:24:18 PM
About 6 months
I will ask you the same question.
When an inquire drops off does your score go up?
Title: Re: credit score
Post by: TimT on November 13, 2014, 08:36:26 PM
When an inquire drops off does your score go up?
Should go back up. & if he has a new CL should go higher.
Title: Re: credit score
Post by: ChaimMoskowitz on November 13, 2014, 08:40:23 PM
Should go back up. & if he has a new CL should go higher.
So when the inquire drops off in two years your score will go up a couple of points? This would mean it affects your score until it drops off, no?
Title: Re: credit score
Post by: TimT on November 13, 2014, 08:49:38 PM
So when the inquire drops off in two years your score will go up a couple of points? This would mean it affects your score until it drops off, no?
No. It stays on the report 2 years. The score goes down a few points for several months. If the rest of your profile is in good shape the score should already be higher as the utilization percentage goes down.
Title: Re: credit score
Post by: cheskamint13 on November 13, 2014, 11:55:05 PM
I've been seeking for the best credit companies and it is important to understand credit rating to avoid credit risk. Additionally,
the traditional FICO credit rating does not think about those with limited or no credit history. However, the brand new VantageScore 3.0 (http://personalmoneynetwork.com/moneyblog/2013/03/13/vantagescore-3-0-could-help-millions-get-credit/) model, produced by the credit reporting agencies Experian, Equifax and TransUnion, factors in alternative kinds of data to allow millions credit who have been denied previously.
Title: Re: credit score
Post by: thaber on November 14, 2014, 12:14:37 AM
I've been seeking for the best credit companies and it is important to understand credit rating to avoid credit risk. Additionally,
the traditional FICO credit rating does not think about those with limited or no credit history. However, the brand new VantageScore 3.0 (http://personalmoneynetwork.com/moneyblog/2013/03/13/vantagescore-3-0-could-help-millions-get-credit/) model, produced by the credit reporting agencies Experian, Equifax and TransUnion, factors in alternative kinds of data to allow millions credit who have been denied previously.
Welcome.
The banks use FICO. Most people her are pretty familiar with how the game is played. See here: http://www.dansdeals.com/archives/53213
Title: Re: credit score
Post by: ChaimMoskowitz on November 14, 2014, 12:47:41 AM
No. It stays on the report 2 years. The score goes down a few points for several months. If the rest of your profile is in good shape the score should already be higher as the utilization percentage goes down.
Let’s try this again. When your credit inquire drops off will you see any change in your score?
Title: Re: credit score
Post by: dan5082030 on November 14, 2014, 09:46:56 AM
Everyone knows that if you use more then 30% of your credit limit it hurts your credit.  I have the amex premier gold card with no pre spending limit my question is if I use it let's say for about 4k every month would it hurt my credit?  I have on other amex card just 2k spending limit
Title: Re: credit score
Post by: @Yehuda on November 15, 2014, 10:37:58 PM
I'm going to sleep now, so I can't have a conversation, but I was wondering if anyone has any ideas?
My TU was 764 in August as per my LH card, and now it's 696. In that time period, I've had a pull from my new landlord approving my rental application and let 1 or 2 cc bills close with a higher balance than normal (i.e. i left $1000-$2000 on a $9K CL card when I normally leave $200-300).
Any idea what happened? Best way to contact TU to find out?
Update:
I just checked my TU report and there were no recent pulls (my landlord must have pulled a different bureau) but in addition to 2 balances that were high (again, $2-3K balances), I was 30 days late to a student loan payment.

Does anyone understand credit scores at all? Can 1 late payment and 2 high balances really drop a score 70 points in a month??
Absolutely.
Further update:
Chase just sent me a reject letter with an EX score of 724. I still have the delinquency on my CR and obviously TU and EX will have different scores, but I think the 724 might be an improvement from what it was a few weeks ago (when the TU was 696). Getting a new month on my bill with a good utilization ratio may have really helped bump my credit back up. That could also explain how I got approved for 2 CCs just now even with the delinquency still there. Just some thoughts.
Title: Re: credit score
Post by: reed on November 20, 2014, 02:55:45 PM
So if anybody has some explanation to this I would appreciate it:

My EX score was low do to an account that went to collections. I called up collection who said they would remove it and sent me a letter in the mail stating that. It came off of my TU and EQ both scores are now in the 770s. However it never came off my EX score which stayed at about 700,703. This was annoying as I could not apply for chase which pulls from EX. Yesterday i applied and was approved for two barclays cards - the pull came from TU. YET MY EX score dropped further to 689 - is this not wrong?! Should it not go up due to higher credit utilization ratio or do new accounts make your score drop at first no matter what?
Title: Re: credit score
Post by: noturbizniss on November 20, 2014, 04:46:14 PM
So if anybody has some explanation to this I would appreciate it:

My EX score was low do to an account that went to collections. I called up collection who said they would remove it and sent me a letter in the mail stating that. It came off of my TU and EQ both scores are now in the 770s. However it never came off my EX score which stayed at about 700,703. This was annoying as I could not apply for chase which pulls from EX. Yesterday i applied and was approved for two barclays cards - the pull came from TU. YET MY EX score dropped further to 689 - is this not wrong?! Should it not go up due to higher credit utilization ratio or do new accounts make your score drop at first no matter what?
That one. The new inquiries have a higher immediate negative impact, however long term the lower utilization  ratio has a positive impact.
http://www.dansdeals.com/archives/53213 (http://www.dansdeals.com/archives/53213)
Quote
-New credit: 10%
This takes into account credit inquiries and new accounts, which can lower your score temporarily. These fall off your report after about 2 years and most banks only look at the number inquiries you have within the past 6 months.
In the short term you may see your score drop when you apply for a card due to this category and the average age of your accounts, but in the long run having more cards will raise your score, as they improve your payment history (35%) and credit utilization (30%) and eventually the age of your account, which continue to grow older even after you cancel the card.
ETA: IGNORAMUS!!!!!  :P
Title: Re: credit score
Post by: reed on November 20, 2014, 08:14:13 PM
That one. The new inquiries have a higher immediate negative impact, however long term the lower utilization  ratio has a positive impact.
http://www.dansdeals.com/archives/53213 (http://www.dansdeals.com/archives/53213)ETA: IGNORAMUS!!!!!  :P

http://en.m.wikipedia.org/wiki/ETA?
Title: Re: credit score
Post by: kangarruu on November 20, 2014, 08:31:16 PM
http://en.m.wikipedia.org/wiki/ETA?

ETA = Edit to add
Title: Re: credit score
Post by: reed on November 20, 2014, 08:35:15 PM
ah yasheh koiiiechhhh.
Title: Re: credit score
Post by: voby27 on December 05, 2014, 09:20:42 AM
Sorry for being new to this... i have a question abt credit card apps and how it will impact my score. If I apply for several cards using the 3bm or 4bm method, but the cards are being issued by different banks, will it count as multiple pulls? Or will the 3bm work so that it's only 1 hard pull? What I am trying to ask, do the multiple apps have to be from the same bank, or just processed at the same time? If this has previously been discussed, please show me where and I would be glad to read it. Thanks
Title: Re: credit score
Post by: tzifanya54 on December 05, 2014, 09:29:26 AM
Sorry for being new to this... i have a question abt credit card apps and how it will impact my score. If I apply for several cards using the 3bm or 4bm method, but the cards are being issued by different banks, will it count as multiple pulls? Or will the 3bm work so that it's only 1 hard pull? What I am trying to ask, do the multiple apps have to be from the same bank, or just processed at the same time? If this has previously been discussed, please show me where and I would be glad to read it. Thanks
Same bank= usually one pull different banks will always be multiple pulls. However people like to apply on the same day(not the same time nesececarilly just the same day) because the belief is that bank #1 doesn't see bank # 2 pull for at least 24 hours so they don't see as many pulls on the report
Title: Re: credit score
Post by: ChaimMoskowitz on December 05, 2014, 01:17:20 PM
However people like to apply on the same day(not the same time nesececarilly just the same day) because the belief is that bank #1 doesn't see bank # 2 pull for at least 24 hours so they don't see as many pulls on the report
They are wrong.
Title: Re: credit score
Post by: noturbizniss on December 05, 2014, 01:24:36 PM
They are wrong.
The banks will see it the next day. They won't see same day pulls from other banks. IIRC, I've done it in sane day and had no recon questions. When I did one app on next day they questioned the other previous day pulls.
Title: Re: credit score
Post by: ChaimMoskowitz on December 05, 2014, 01:26:05 PM
The banks will see it the next day.
What part of wrong don't you understand?
Title: Re: credit score
Post by: dealfinder85 on December 05, 2014, 01:29:57 PM
What part of wrong don't you understand?
ouch
Title: Re: credit score
Post by: ChaimMoskowitz on December 05, 2014, 01:34:53 PM
ouch
I meant that in a nice way.
Title: Re: credit score
Post by: dealfinder85 on December 05, 2014, 01:35:09 PM
I meant that in a nice way.
but of course
Title: Re: credit score
Post by: noturbizniss on December 05, 2014, 03:03:09 PM
What part of wrong don't you understand?
The part where you are wrong duh
Title: Re: credit score
Post by: benjie1305 on December 17, 2014, 04:15:12 PM
So if I was declined for a card (HUCA'd and am in the process of getting approved) and my wife also declined, this means she can ask the Bank to tell her what her credit score is. Is that correct? Does that also mean that I can ask for that even if I was approved in the meantime?
Title: Re: credit score
Post by: smaxber on December 17, 2014, 04:21:30 PM
So if I was declined for a card (HUCA'd and am in the process of getting approved) and my wife also declined, this means she can ask the Bank to tell her what her credit score is. Is that correct? Does that also mean that I can ask for that even if I was approved in the meantime?
yes
As long as you are denied in beginning you are entitled
Title: Re: credit score
Post by: benjie1305 on December 17, 2014, 04:30:54 PM
yes
As long as you are denied in beginning you are entitled

should i just call back and say i was denied earlier and have spoken to the loan dpmt since but want to know my Creditscore? Or any particular way or department to ask this?
Title: Re: credit score
Post by: MosheD on January 06, 2015, 09:51:23 AM
I see on my club carlson us bank card there is link to get experian score for free.
Anyone know if this is legit score or just fako
Title: Re: credit score
Post by: noturbizniss on January 06, 2015, 11:41:55 AM
I see on my club carlson us bank card there is link to get experian score for free.
Anyone know if this is legit score or just fako
Does it say fico?
Title: Re: credit score
Post by: TimT on January 06, 2015, 11:58:00 AM
Does it say fico?
It sends you to the experian website.
Title: Re: credit score
Post by: noturbizniss on January 06, 2015, 11:59:20 AM
It sends you to the experian website.
That would be FAKO I think.
Title: Re: credit score
Post by: avromie7 on January 06, 2015, 06:01:58 PM
does anyone have a link to check experian credit report with a report number?
Title: Re: credit score
Post by: ChaimMoskowitz on January 06, 2015, 06:04:09 PM
does anyone have a link to check experian credit report with a report number?
http://www.experian.com/disputes/main.html#newDispute
Title: Re: credit score
Post by: avromie7 on January 06, 2015, 06:15:39 PM
http://www.experian.com/disputes/main.html#newDispute
thanks
this is one page later https://www.experian.com/ncaconline/dispute?intcmp=dispute_app_statusCheck (https://www.experian.com/ncaconline/dispute?intcmp=dispute_app_statusCheck)
when i was on the page you linked i wasn't sure what to do from here there is only one option
Title: Re: credit score
Post by: ChaimMoskowitz on January 06, 2015, 06:22:52 PM
when i was on the page you linked i wasn't sure what to do...
I checked the box already for you.  ;)
Title: Re: credit score
Post by: noturbizniss on January 06, 2015, 11:44:30 PM
does anyone have a link to check experian credit report with a report number?
www.experian.com/viewreport
Title: Re: credit score
Post by: avromie7 on January 06, 2015, 11:46:34 PM
www.experian.com/viewreport
thanks that's simpler i knew it existed but didn't remember what it was
Title: Re: credit score
Post by: noturbizniss on January 06, 2015, 11:49:33 PM
thanks that's simpler i knew it existed but didn't remember what it was
YW. I obsessively update mine ever 2 to 3 weeks or more often so I've come to memorize the simple link
Title: Re: credit score
Post by: avromie7 on January 06, 2015, 11:50:27 PM
YW. I obsessively update mine ever 2 to 3 weeks or more often so I've come to memorize the simple link
i'll probably do the same  :)
Title: Re: credit score
Post by: eliraps on January 07, 2015, 06:17:50 AM
I get my transunion credit score from my barclay card which seems to update itself at random intervals. My timeline is something like this:
5/29/14 - 744
9/30/14 - 736
12/23/14 733
This relatively small drop made sense to me because i did an (successful) AOR a few days before that.
However Today it updated it self again and it has dropped to 716.
I am trying to figure out what could be the cause of this drop. I have not applied for any new credit since 12/23/14, I do not let my statements close with large balances and i always pay in full before the due date. I accessed my 3 credit reports about 3 weeks ago and as far as i can tell there is nothing there that shouldn't be there. I also have Lifelock insurance which should be protecting me from any fraud or identity theft.
Why would it have dropped again and so much?
Title: Re: credit score
Post by: ChaimMoskowitz on January 07, 2015, 06:25:19 AM
Small drops can be from credit inquires and the larger drop can be from when the new cards were added to your credit report. Then there are the infamous credit buckets.
Title: Re: credit score
Post by: eliraps on January 07, 2015, 06:34:43 AM
Small drops can be from credit inquires and the larger drop can be from when the new cards were added to your credit report. Then there are the infamous credit buckets.
thank you. i guess i'll wait and see what happens next time they update.
what are credit buckets?
i just noticed that i let one card close with a $2500.00 balance which about 50% of the CL on that card. but i doubt that happening one time is very significant.
Title: Re: credit score
Post by: ChaimMoskowitz on January 07, 2015, 06:36:34 AM
i just noticed that i let one card close with a $2500.00 balance which about 50% of the CL on that card. but i doubt that happening one time is very significant.
Depending on your credit file in can be.
Title: Re: credit score
Post by: ChaimMoskowitz on January 07, 2015, 06:44:04 AM
what are credit buckets?
Credit buckets group individuals together based on certain information. Your FICO score is based on others in that group. Your score can go up or down depending on the group you are moved to. There is a ton more to this and something you should not be concerned about.
Title: Re: credit score
Post by: eliraps on January 07, 2015, 06:50:50 AM
Credit buckets group individuals together based on certain information. Your FICO score is based on others in that group. Your score can go up or down depending on the group you are moved to. There is a ton more to this and something you should not be concerned about.
thanks
i'll take reassurance from a pro anytime  ;)
Title: Re: credit score
Post by: ChaimMoskowitz on January 07, 2015, 07:07:18 AM
i'll take reassurance from a pro anytime  ;)
When you find one let me know so I can ask him/her a few questions.  :)
Title: Re: credit score
Post by: noturbizniss on January 07, 2015, 11:26:33 AM
I got mine updated today as well. First time in 2 months. Went down from 802 to 800.
WTF!!
I knew I would have paid the 3500 arrival balance before statement closed. Good thing I have no apps due in next few months
Title: Re: credit score
Post by: ChaimMoskowitz on January 07, 2015, 12:04:18 PM
825  >:(
Title: Re: credit score
Post by: TimT on January 07, 2015, 12:12:45 PM
825  >:(
EX ?
Title: Re: credit score
Post by: Dr Moose on January 07, 2015, 01:02:04 PM
825  >:(


A beautiful score that is not pillaged, exploited, and slaved, is no beautiful score at all.

Title: Re: credit score
Post by: freddy on January 07, 2015, 07:58:22 PM
Credit buckets group individuals together based on certain information. Your FICO score is based on others in that group. Your score can go up or down depending on the group you are moved to. There is a ton more to this and something you should not be concerned about.
What are the "buckets" based on? In other words what decides which group your in.
Title: Re: credit score
Post by: pixi on January 07, 2015, 08:01:59 PM
Hi,  I was on the phone with a lending Company,  and they told me that they can see  what about I'm qualified for and give me a pre approval,  I clearly asked them if it will be a hard credit check they told me NO and now when I look in my credit report I see that this company did a hard credit check, 
Is there any way I can dispute the credit check?  Any suggestions what I can or should do?
Title: Re: credit score
Post by: ChaimMoskowitz on January 08, 2015, 12:32:01 AM
What are the "buckets" based on? In other words what decides which group your in.
Things like AAoA, late payments and other factors. Just like the way their score is calculated nobody knows for sure.
Title: Re: credit score
Post by: Nitantnel on January 08, 2015, 12:37:34 AM
Anyone ever get 850?

Chaim, I'm sure you hit this bar once  :)
Title: Re: credit score
Post by: ChaimMoskowitz on January 08, 2015, 12:40:11 AM
Anyone ever get 850?

Chaim, I'm sure you hit this bar once  :)
Not I but they do exist.
Title: Re: credit score
Post by: freddy on January 08, 2015, 07:33:05 PM
Things like AAoA, ? late payments and other factors. Just like the way their score is calculated nobody knows for sure.
Title: Re: credit score
Post by: TimT on January 08, 2015, 07:36:24 PM

average age of accounts
Title: Re: credit score
Post by: mofreed on January 11, 2015, 10:21:57 AM
my credit score is 753 on credit karma bec i have 40 percent utilization on my parents credit card which is a year and half old and 0 percent utilization on a card of mine which i opened a few months ago so i have an average of 19 percent. if i remove myself as an authorized user from the card that has 40 percent will it now b that i dont have that age of a year and a half or will it still b that age and i can lower the utilization? and or should i try to add myself to an older card which has better utilization then remove myself as an au on the 40 percent card? point is im confused.......
Title: Re: credit score
Post by: pixi on January 18, 2015, 02:28:54 AM
How can I removed a hard credit inquiry from my credit report?
Title: Re: credit score
Post by: avromie7 on January 18, 2015, 02:30:01 AM
How can I removed a hard credit inquiry from my credit report?
if you have a valid reason contact the bank that pulled it
Title: Re: credit score
Post by: etech0 on January 18, 2015, 02:30:45 AM
Would be great if this thread had a wiki explaining the different types of credit scores, and how to find out what they are.
Title: Re: credit score
Post by: TimT on January 18, 2015, 02:31:32 AM
How can I removed a hard credit inquiry from my credit report?
Was it a legitimate pull ? (applying for a card)
Title: Re: credit score
Post by: pixi on January 18, 2015, 02:31:58 AM
They pulled it without my permission, I called the credit bureau a different they said in order to remove it I have to get a letter from the bank/lending Company that the authorize to remove it.  I called and they do not want to give me such letter..  What can I do
Title: Re: credit score
Post by: pixi on January 18, 2015, 02:32:25 AM
Was it a legitimate pull ? (applying for a card)
It was a pull for a loan
Title: Re: credit score
Post by: avromie7 on January 18, 2015, 02:36:39 AM
They pulled it without my permission, I called the credit bureau a different they said in order to remove it I have to get a letter from the bank/lending Company that the authorize to remove it.  I called and they do not want to give me such letter..  What can I do
if you applied for a loan why wouldn't they pull your credit?
Title: Re: credit score
Post by: pixi on January 18, 2015, 02:37:02 AM
It was a pull for a loan
They told me that they gonna get me a pre approval and I said but I don't want you should pull my credit they said OKAY but they pulled...  What can I do to remove it?
Title: Re: credit score
Post by: avromie7 on January 18, 2015, 02:38:03 AM
They told me that they gonna get me a pre approval and I said but I don't want you should pull my credit they said OKAY but they pulled...  What can I do to remove it?
what did they say when you asked for the letter
Title: Re: credit score
Post by: pixi on January 18, 2015, 02:39:17 AM
That they can't just give out letters.  That's not the way it works...  And they will listen to the recording if I asked my credit not to be pulled..  But they never did...  Any idea how to remove it?
Title: Re: credit score
Post by: avromie7 on January 18, 2015, 02:40:30 AM
That they can't just give out letters.  That's not the way it works...  And they will listen to the recording if I asked my credit not to be pulled..  But they never did...  Any idea how to remove it?
try again to get them to listen to the recording that seems like your only option unless you have it recorded
Title: Re: credit score
Post by: pixi on January 18, 2015, 02:41:48 AM
try again to get them to listen to the recording that seems like your only option unless you have it recorded
There is no other way to remove it?  How does the credit repairs company's remove all the hard inquiries?
Title: Re: credit score
Post by: TimT on January 18, 2015, 02:42:25 AM
Would be great if this thread had a wiki explaining the different types of credit scores, and how to find out what they are.
http://www.dansdeals.com/archives/27543
Title: Re: credit score
Post by: avromie7 on January 18, 2015, 02:44:32 AM
There is no other way to remove it?  How does the credit repairs company's remove all the hard inquiries?
i don't know how they do it i didn't even know they did that however this AFAIK is definitely the most straight forward way to do it
Title: Re: credit score
Post by: pixi on January 18, 2015, 02:48:48 AM
i don't know how they do it i didn't even know they did that however this AFAIK is definitely the most straight forward way to do it
Should I try this http://www.creditinfocenter.com/repair/inqerase.shtml  (http://www.creditinfocenter.com/repair/inqerase.shtml)
Title: Re: credit score
Post by: avromie7 on January 18, 2015, 02:51:00 AM
Should I try this http://www.creditinfocenter.com/repair/inqerase.shtml  (http://www.creditinfocenter.com/repair/inqerase.shtml)
i don't know anything about it i guess wait for the morning when the experts wake up
Title: Re: credit score
Post by: sammy n on January 18, 2015, 03:01:15 AM

Should I try this http://www.creditinfocenter.com/repair/inqerase.shtml  (http://www.creditinfocenter.com/repair/inqerase.shtml)
Why don't you just call again and have hem listen to the recordings??
Title: Re: credit score
Post by: pixi on January 18, 2015, 03:02:53 AM
Why don't you just call again and have hem listen to the recordings??
They said they will.  But they never did.. I can't force them
Title: Re: credit score
Post by: avromie7 on January 18, 2015, 03:03:34 AM
They said they will.  But they never did.. I can't force them
HUCA
Title: Re: credit score
Post by: pixi on January 18, 2015, 03:04:24 AM
HUCA
Time is money.. Can't be busy all day... 
Title: Re: credit score
Post by: etech0 on January 18, 2015, 03:05:07 AM
Time is money.. Can't be busy all day... 
welcome to ddf
Title: Re: credit score
Post by: avromie7 on January 18, 2015, 03:05:52 AM
Time is money.. Can't be busy all day...  <img src="http://s3.amazonaws.com/tapatalk-emoji/emoji30.png" />
was it a bank with a branch near you? try going in and soliciting their help
Title: Re: credit score
Post by: pixi on January 18, 2015, 03:05:58 AM
welcome to ddf
I'm not new here at all
Title: Re: credit score
Post by: pixi on January 18, 2015, 03:06:24 AM
was it a bank with a branch near you? try going in and soliciting their help
No.  It was a lending Company.
Title: Re: credit score
Post by: etech0 on January 18, 2015, 03:08:41 AM
I'm not new here at all
My point was that here on DDF you can be busy all day long. If not HUCAing, then talking about all that goes on here. Gotta strike the right balance between time invested and $ gained.

EG: if you spend 10 hours a day talking about MS, and then earn $25/day doing it (just pulled those numbers out of a hat), then that $25 wasn't free.

Please pardon my ramblings at 3:08 am.
Title: Re: credit score
Post by: yitzy93 on January 18, 2015, 05:37:43 AM
Can I request a copy of my Credit Report/Score from Chase after I've been approved for a card?
Title: Re: credit score
Post by: benjie1305 on January 18, 2015, 08:21:10 AM
Can I request a copy of my Credit Report/Score from Chase after I've been approved for a card?

Not in general. Did u first get rejected? Even if u did, if your credit wasn't the reason for the reject they will not give it to you. Best to use annual credit report for a report or credit karma as well.
Title: Re: credit score
Post by: ChaimMoskowitz on January 18, 2015, 08:21:27 AM
Should I try this http://www.creditinfocenter.com/repair/inqerase.shtml  (http://www.creditinfocenter.com/repair/inqerase.shtml)
...and hope they don't respond in 30 days.
Title: Re: credit score
Post by: noturbizniss on January 18, 2015, 08:49:01 AM
...and hope they don't respond in 30 days.
Even if they do, according to the OP he never authorized a pull, so they won't have any documentation (or recording) that it was authorized.
Title: Re: credit score
Post by: ChaimMoskowitz on January 18, 2015, 08:52:47 AM
Even if they do, according to the OP he never authorized a pull, so they won't have any documentation (or recording) that it was authorized.
All that matters is what they say not what you say.
Title: Re: credit score
Post by: noturbizniss on January 18, 2015, 09:10:27 AM
All that matters is what they say not what you say.
True, but according to the website above they need to prove it. Whether that is true and how it really works out is another question.
Title: Re: credit score
Post by: ChaimMoskowitz on January 18, 2015, 09:19:06 AM
True, but according to the website above they need to prove it.
If it is on the internet it must be true. I read that on the internet somewhere.
Title: Re: credit score
Post by: noturbizniss on January 18, 2015, 09:50:18 AM
If it is on the internet it must be true. I read that on the internet somewhere.
Thats BS. The internet stole it from TV. If its on TV it must be true.
Title: Re: credit score
Post by: Josef.koney on January 18, 2015, 12:14:05 PM
Anyone know if someone has a good credit score in Canada (with a Canadian sin) well that help at all from America?
Title: Re: credit score
Post by: lunatic on January 18, 2015, 12:15:46 PM
Anyone have first hand experience in refinancing with recent credit card apps? Don't want to lose out on the Usair but don't want to mess up a potential refinance
Title: Re: credit score
Post by: noturbizniss on January 18, 2015, 12:47:26 PM
Anyone know if someone has a good credit score in Canada (with a Canadian sin) well that help at all from America?
Credit based on monopoly money is worthless
Title: Re: credit score
Post by: etech0 on January 18, 2015, 12:50:16 PM
Credit based on monopoly money is worthless
If you have any extra monopoly money I"ll take it.
Title: Re: credit score
Post by: noturbizniss on January 18, 2015, 12:50:58 PM
If you have any extra monopoly money I"ll take it.
Have a few games in my closet. Saving it for when I go to Niagara.
Title: Re: credit score
Post by: pixi on January 18, 2015, 07:01:20 PM
Is there a thread for credit report?
Title: Re: credit score
Post by: TimT on January 18, 2015, 07:07:25 PM
Is there a thread for credit report?
There's lots
http://forums.dansdeals.com/index.php?topic=31484.0
Title: Re: credit score
Post by: yitzy93 on January 20, 2015, 05:41:20 AM
Anyone have experience with Credit Sesame, Credit Concierge or Quizzle? Reliable? Hassle?
I've tried Credit Karma but so far haven't been verified, so looking for an alternative.
Title: Re: credit score
Post by: Emkay on January 20, 2015, 06:01:27 AM
Anyone have experience with Credit Sesame, Credit Concierge or Quizzle? Reliable? Hassle?
I've tried Credit Karma but so far haven't been verified, so looking for an alternative.
reliable in what aspect?
Title: Re: credit score
Post by: yitzy93 on January 20, 2015, 06:04:36 AM
reliable in what aspect?

Can I trust them with my personal info?
Title: Re: credit score
Post by: Emkay on January 20, 2015, 06:22:19 AM
Can I trust them with my personal info?
dunno about the others but credit sesame is fine
Title: Re: credit score
Post by: Yid21 on January 25, 2015, 12:59:01 PM
If I shop around for a mortgage and have 2 or 3 different places pull my credit, should I be concerned about those hard pulls?
Title: Re: credit score
Post by: ckmk47 on January 25, 2015, 01:04:11 PM
If I shop around for a mortgage and have 2 or 3 different places pull my credit, should I be concerned about those hard pulls?
For mortgages and car loans, all pulls within a short time are counted as 1 pull.  So feel free to shop around.
Although you can get information from them without giving your social.  If they say they need it, you just tell them your score  and ask for their quote - even though he can't guarantee the rate until he pulls  your credit report.
Title: Re: credit score
Post by: Yid21 on January 25, 2015, 01:06:19 PM
thanks alot for the info!
Title: Re: credit score
Post by: ChaimMoskowitz on January 25, 2015, 01:11:13 PM
For mortgages and car loans, all pulls within a short time are counted as 1 pull.  So feel free to shop around.
They are counted as one to calculate your score (most of the time) but all the inquires will still be on your report.
Title: Re: credit score
Post by: TimT on January 25, 2015, 01:15:19 PM
They are counted as one to calculate your score (most of the time) but all the inquires will still be on your report.
As long as the score isn't going down that shouldn't matter, right ?
Title: Re: credit score
Post by: avromie7 on January 25, 2015, 01:21:36 PM
As long as the score isn't going down that shouldn't matter, right ?
The banks don't care about your score they care about the report behind the score so since you are shopping around for a mortgage having recent pulls from a different bank should not mean much if anything at all
Title: Re: credit score
Post by: TimT on January 25, 2015, 01:23:55 PM
The banks don't care about your score they care about the report behind the score so since you are shopping around for a mortgage having recent pulls from a different bank should not mean much if anything at all
Don't you get a better rate the higher the score ?
Title: Re: credit score
Post by: avromie7 on January 25, 2015, 01:24:54 PM
Don't you get a better rate the higher the score ?
IINM the actual score is not the deciding factor it's the report behind it
Title: Re: credit score
Post by: Lou Bob on January 25, 2015, 01:51:37 PM
For mortgages and car loans, all pulls within a short time are counted as 1 pull.  So feel free to shop around.
Although you can get information from them without giving your social.  If they say they need it, you just tell them your score  and ask for their quote - even though he can't guarantee the rate until he pulls  your credit report.
they're bunched together by 30 days - from the first pull
Title: Re: credit score
Post by: pixi on January 25, 2015, 02:45:04 PM
It does matters what score you have to get a better rate..  And having to many pulls isn't the best idea...
Title: Re: credit score
Post by: yitz-ee on January 27, 2015, 04:09:36 PM
How can I check my Fico score for free?
Title: Re: credit score
Post by: TimT on January 27, 2015, 04:10:22 PM
How can I check my Fico score for free?
If you have Barclays you could check TU
Title: Re: credit score
Post by: yitz-ee on January 27, 2015, 04:11:02 PM
Nope. Only have chase and amex
Title: Re: credit score
Post by: etech0 on January 27, 2015, 04:12:11 PM
If you have Barclays you could check TU
Or Discover
Title: Re: credit score
Post by: TimT on January 27, 2015, 04:12:20 PM
Nope. Only have chase and amex
Some have been able to on the new amex site.
Title: Re: credit score
Post by: yitz-ee on January 27, 2015, 04:15:52 PM
ok never mind free, whats cheapest.
Title: Re: credit score
Post by: etech0 on January 27, 2015, 04:16:37 PM
Some have been able to on the new amex site.
Citi also, I believe
Title: Re: credit score
Post by: TimT on January 27, 2015, 04:23:33 PM
Citi also, I believe
Correct, EQ.
Title: Re: credit score
Post by: morgs on January 27, 2015, 06:06:16 PM
Credit Karma now gives you your scores and reports from transunion and experian as well-are these fako scores? How close are they to fico if they are? Also does Barclay give the fico score-does that mean it is the most accurate (number wise if it indeed gives fico)?
TIA
Title: Re: credit score
Post by: TimT on January 27, 2015, 06:09:58 PM
Credit Karma now gives you your scores and reports from transunion and experian as well-are these fako scores? How close are they to fico if they are? Also does Barclay give the fico score-does that mean it is the most accurate (number wise if it indeed gives fico)?
TIA
Its FAKO. Should be good for report. Barclay gives FICO, but only TU
Title: Re: credit score
Post by: davidd75 on January 28, 2015, 04:42:00 PM
My Barclays card give me a FICO score of 816 for TU but when a mortgage broker did a soft pull for pre-approval he said it showed a FICO? TU score of 786?
Title: Re: credit score
Post by: avromie7 on January 28, 2015, 04:48:33 PM
My Barclays card give me a FICO score of 816 for TU but when a mortgage broker did a soft pull for pre-approval he said it showed a FICO? TU score of 786?
barclay uses a different model but i wouldn't think it would make a 30 point difference
Title: Re: credit score
Post by: Marco Polo on January 28, 2015, 04:52:27 PM
My Barclays card give me a FICO score of 816 for TU but when a mortgage broker did a soft pull for pre-approval he said it showed a FICO? TU score of 786?
Barclay may be a a FAKO.
Title: Re: credit score
Post by: mawmaw on January 28, 2015, 04:53:27 PM
My Barclays card give me a FICO score of 816 for TU but when a mortgage broker did a soft pull for pre-approval he said it showed a FICO? TU score of 786?
FICO scores has different formulas to how thy calculate your score and your mortgage broker most likely used a different formula then barclay so your score will be different as well
as for the soft pull it most likely a hard pull check your report
Title: Re: credit score
Post by: mawmaw on January 28, 2015, 04:53:48 PM
barclay uses a different model but i wouldn't think it would make a 30 point difference
+1
Title: Re: credit score
Post by: mawmaw on January 28, 2015, 04:53:58 PM
Barclay may be a a FAKO.
-1
Title: Re: credit score
Post by: davidd75 on January 28, 2015, 04:59:49 PM
Barclay may be a a FAKO.

Barclays I believe says FICO score
Title: Re: credit score
Post by: davidd75 on January 28, 2015, 05:02:17 PM
FICO scores has different formulas to how thy calculate your score and your mortgage broker most likely used a different formula then barclay so your score will be different as well
as for the soft pull it most likely a hard pull check your report

broker/lender assured me for pre-approval its only "soft"

what is the easiest way to verify?  I dont have access to my report
Title: Re: credit score
Post by: ChaimMoskowitz on January 28, 2015, 06:21:28 PM
FICO scores has different formulas to how thy calculate your score and your mortgage broker most likely used a different formula then barclay so your score will be different as well
as for the soft pull it most likely a hard pull check your report
Proprietary FICO Scores:
In addition to basic FICO scores, the Fair Isaac Corp. also provides lenders with the option to purchase proprietary scores tailored to their industry. For mortgage lenders, there is the FICO Mortgage Score. The FICO Mortgage score places an emphasis on how you've handled property in the past. This includes all public property records, rental history and evictions, previous mortgages and property tax payment records. By placing a strong focus on the most relevant parts of your credit history, the lender can determine if you are likely to manage your mortgage responsibly in the future.
Title: Re: credit score
Post by: lunatic on January 28, 2015, 06:52:25 PM
How do people explain manufacturered spending to lenders
Title: Re: credit score
Post by: ChaimMoskowitz on January 28, 2015, 07:08:40 PM
How do people explain manufacturered spending to lenders
Very carefully.
Title: Re: credit score
Post by: noturbizniss on January 28, 2015, 08:40:20 PM
How do people explain manufacturered spending to lenders
You don't have too many inquiries when applying and make sure your balances are paid off before the statement posts
Title: Re: credit score
Post by: davidd75 on January 29, 2015, 09:21:43 AM
Proprietary FICO Scores:
In addition to basic FICO scores, the Fair Isaac Corp. also provides lenders with the option to purchase proprietary scores tailored to their industry. For mortgage lenders, there is the FICO Mortgage Score. The FICO Mortgage score places an emphasis on how you've handled property in the past. This includes all public property records, rental history and evictions, previous mortgages and property tax payment records. By placing a strong focus on the most relevant parts of your credit history, the lender can determine if you are likely to manage your mortgage responsibly in the future.

is it true that when mortgage lenders/brokers want to pre-approve you its only a soft pull?
Title: Re: credit score
Post by: coralsnake on January 29, 2015, 10:31:15 AM
is it true that when mortgage lenders/brokers want to pre-approve you its only a soft pull?
No. Always hard pull on all 3 bureaus.
Title: Re: credit score
Post by: yitzy93 on January 29, 2015, 11:00:36 PM
I got a CL increase of a $1000 on one of my cc's about 2 months ago.
I checked 2 of my Credit Reports (EQ, EX) today and neither of them had any note of that increase, therefore making my Credit utilization higher.
Is that something I need to dispute with them or will it get updated eventually?
Title: Re: credit score
Post by: nobiggy on January 30, 2015, 11:16:06 AM
I got a CL increase of a $1000 on one of my cc's about 2 months ago.
I checked 2 of my Credit Reports (EQ, EX) today and neither of them had any note of that increase, therefore making my Credit utilization higher.
Is that something I need to dispute with them or will it get updated eventually?
I'm sure it will get updated automatically.
Title: Re: credit score
Post by: Yitzshpitz on February 05, 2015, 09:21:21 AM
Is the FICO score given through barclays accurate? Because just a couple months ago my score was in the 750's now its at 720.
Title: Re: credit score
Post by: TimT on February 05, 2015, 09:25:35 AM
Is the FICO score given through barclays accurate? Because just a couple months ago my score was in the 750's now its at 720.
Its TU. Have you applied for new cards in the last few months ?
Title: Re: credit score
Post by: ckmk47 on February 05, 2015, 11:33:55 AM
Is the FICO score given through barclays accurate? Because just a couple months ago my score was in the 750's now its at 720.
There are several things that can change your credit score by that amount. 
utilization. Perhaps this time you had more owed on your cards when they closed. (30% of score is credit utilization)
pulls. have  you applied for credit recently. (10% of score is new credit)

Title: Re: credit score
Post by: Yitzshpitz on February 05, 2015, 12:02:59 PM
Its TU. Have you applied for new cards in the last few months ?

Ive had 2 hard pulls in the last 3 months


There are several things that can change your credit score by that amount. 
utilization. Perhaps this time you had more owed on your cards when they closed. (30% of score is credit utilization)
pulls. have  you applied for credit recently. (10% of score is new credit)



I actually did spend more this past month than usual so maybe that is why. Should I stand pat for a while (a couple months) and let my credit score increase before applting for any new cards?
Title: Re: credit score
Post by: TimT on February 05, 2015, 12:04:40 PM
Ive had 2 hard pulls in the last 3 months


I actually did spend more this past month than usual so maybe that is why. Should I stand pat for a while (a couple months) and let my credit score increase before applting for any new cards?
Hard pulls & higher balances will do that to your score. For starters pay off the balances. And make sure your statements close with very little on them.
Title: Re: credit score
Post by: duddys on February 07, 2015, 07:59:44 PM
http://www.usatoday.com/story/money/2015/01/25/banks-free-credit-scores/22011803/



Chase will offer free fico in 2015!
Title: Re: credit score
Post by: mendy613 on February 08, 2015, 03:56:56 AM
Question:

Whenever the wife or i have to do Recon with Barclays (TU), they always mention our other cards from Chase and Amex (We live in NY)
I thought they should only be able to see our TU report and not EX.



Title: Re: credit score
Post by: Emkay on February 08, 2015, 03:59:25 AM


Question:

Whenever the wife or i have to do Recon with Barclays (TU), they always mention our other cards from Chase and Amex (We live in NY)
I thought they should only be able to see our TU report and not EX.

They still see the accounts
Title: Re: credit score
Post by: Red on February 08, 2015, 05:33:11 AM
Question:

Whenever the wife or i have to do Recon with Barclays (TU), they always mention our other cards from Chase and Amex (We live in NY)
I thought they should only be able to see our TU report and not EX.
I recommend you take a look at your credit report just to see what one looks like.
Title: Re: credit score
Post by: tjak on February 08, 2015, 09:24:57 AM
A friend of  mine is trying to get started. He was an au in an amex card for 7 month now. He wanted to check his score now so he got the credit karma app. In the app it told him he has a score of zero. But a look at the website gave him a score of 704. I then looked at mine and noticed I also have a diff score on the app and site. Anyone know anything about this?
Title: Re: credit score
Post by: avromie7 on February 08, 2015, 09:27:29 AM
A friend of  mine is trying to get started. He was an au in an amex card for 7 month now. He wanted to check his score now so he got the credit karma app. In the app it told him he has a score of zero. But a look at the website gave him a score of 704. I then looked at mine and noticed I also have a diff score on the app and site. Anyone know anything about this?
Credit karma is FAKO which is not your real score they have their own way of trying to figure out what your score is
Title: Re: credit score
Post by: tjak on February 08, 2015, 09:31:15 AM

Credit karma is FAKO which is not your real score they have their own way of trying to figure out what your score is

But why two diff scores? And is it likely that the real one is a zero or only being an au does build your score?
Title: Re: credit score
Post by: avromie7 on February 08, 2015, 09:35:15 AM

But why two diff scores? And is it likely that the real one is a zero or only being an au does build your score?
It means he has a very thin file so they have nothing to build his score from but being an au does help
Title: Re: credit score
Post by: tjak on February 08, 2015, 09:39:31 AM

It means he has a very thin file so they have nothing to build his score from but being an au does help
So does he have a better chance of being accepted to amex over chase, or same thing? 
Title: Re: credit score
Post by: avromie7 on February 08, 2015, 09:46:02 AM
So does he have a better chance of being accepted to amex over chase, or same thing?
IME chase doesn't count AU's so his best bet chance is discover and if that doesn't work either crapitol one or a secured card
Title: Re: credit score
Post by: Super Speed on February 08, 2015, 09:49:13 AM
So does he have a better chance of being accepted to amex over chase, or same thing?
I would go for an Amex. My brother was an AU on my account for 3 months and applied for 3 Amex and got approved to all.
Title: Re: credit score
Post by: tjak on February 08, 2015, 09:53:08 AM

I would go for an Amex. My brother was an AU on my account for 3 months and applied for 3 Amex and got approved to all.
He had no other starter cards?
Title: Re: credit score
Post by: Super Speed on February 08, 2015, 01:26:08 PM
He had no other starter cards?
Nope
Title: Re: credit score
Post by: mawmaw on February 08, 2015, 01:31:36 PM
I would go for an Amex. My brother was an AU on my account for 3 months and applied for 3 Amex and got approved to all.
+1 but to be safe i would wait 6 month FICO scores counts only after 6 month of credit worthiness and one of the big factors for amex is FICO score AFAIK CMIIW
Title: Re: credit score
Post by: @Yehuda on February 08, 2015, 03:31:46 PM
How does utilization ratio work for a charge card?
Title: Re: credit score
Post by: EJB on February 08, 2015, 03:33:40 PM
How does utilization ratio work for a charge card?

Depends on bank
Title: Re: credit score
Post by: mendy613 on February 08, 2015, 04:27:18 PM
Got it, thanks!

They still see the accounts
Title: Re: credit score
Post by: @Yehuda on February 08, 2015, 04:27:25 PM
Depends on bank
Amex?
Title: Re: credit score
Post by: nobiggy on February 08, 2015, 05:58:32 PM
Amex?
lets hear.
Title: Re: credit score
Post by: noturbizniss on February 08, 2015, 11:21:04 PM
Amex?
I believe availabile CL = highest reported balance
Title: Re: credit score
Post by: benjie1305 on February 09, 2015, 09:19:36 AM
Amex?

I believe availabile CL = highest reported balance

"..Amex does not report the actual payment amount. If you keep your balances low and you pay them off before the end of the cycle, your MS will go completely unnoticed on the credit report.." [Quote from doctor of credit]
Title: Re: credit score
Post by: mawmaw on February 09, 2015, 10:02:00 AM
"..Amex does not report the actual payment amount. If you keep your balances low and you pay them off before the end of the cycle, your MS will go completely unnoticed on the credit report.." [Quote from doctor of credit]
??? please read before trooling
Title: Re: credit score
Post by: moen on February 10, 2015, 02:51:34 PM
My free FICO score from Barclays dropped from 748 to 726 this month. I got my TU report and it came up with 766 any ideas??????
Title: Re: credit score
Post by: benjie1305 on February 10, 2015, 02:52:54 PM
??? please read before trooling

Not sure what you mean by that. Do you know otherwise? And if so, with sources?
Title: Re: credit score
Post by: avromie7 on February 10, 2015, 03:34:21 PM
My free FICO score from Barclays dropped from 748 to 726 this month. I got my TU report and it came up with 766 any ideas??????
barclay uses a different model FICO but i am surprised there would be such a difference
Title: Re: credit score
Post by: tjak on February 10, 2015, 03:37:32 PM

barclay uses a different model FICO but i am surprised there would be such a difference
So what makes their score a real fico score?
Title: Re: credit score
Post by: avromie7 on February 10, 2015, 03:39:22 PM
So what makes their score a real fico score?
there are different models.
Just because most banks don't use that model doesn't make it not FICO.
Sorry i can't explain it better
Title: Re: credit score
Post by: tjak on February 10, 2015, 03:48:22 PM

Sorry i can't explain it better
Thanks for trying, ill google it when I'm bored.
Title: Re: credit score
Post by: avromie7 on February 10, 2015, 03:49:11 PM
Thanks for trying, ill google it when I'm bored.
check DDMS there have been posts about it in the the past IIRC
Title: Re: credit score
Post by: moen on February 10, 2015, 03:56:17 PM
there are different models.
Just because most banks don't use that model doesn't make it not FICO.
Sorry i can't explain it better
What about the huge drop? 748-726 I had some high closing balances but is that enough to do it? Also big difference between FICO from barclays 726 and TU 766?????
Title: Re: credit score
Post by: TimT on February 10, 2015, 03:57:56 PM
What about the huge drop? 748-726 I had some high closing balances but is that enough to do it?
yes
Title: Re: credit score
Post by: noturbizniss on February 11, 2015, 12:04:53 AM
Not sure what you mean by that. Do you know otherwise? And if so, with sources?
Amex doesn't report if you paid before statement closed. If you didn't then it's reported. Same as every other bank.
Title: Re: credit score
Post by: etech0 on February 15, 2015, 03:20:54 PM
Can banks make a hard pull without permission? It looks like Discover pulled my Equifax report last month, right around when they decided to raise my credit limit.

Is that something that can affect me negatively?
Title: Re: credit score
Post by: noturbizniss on February 15, 2015, 03:25:08 PM


Can banks make a hard pull without permission? It looks like Discover pulled my Equifax report last month, right around when they decided to raise my credit limit.

Is that something that can affect me negatively?

No they can't do it without your permission, but if you requested the increase, that often involves a hard pull. It affects you add inquiries are 10% of your score.
Title: Re: credit score
Post by: benjie1305 on February 15, 2015, 03:26:15 PM
Can banks make a hard pull without permission? It looks like Discover pulled my Equifax report last month, right around when they decided to raise my credit limit.

Is that something that can affect me negatively?

If a person or business hard pulls your credit without permission, you may dispute the inquiry with the credit bureau that issued the report.

Question always is, what is considered permission.
Title: Re: credit score
Post by: etech0 on February 15, 2015, 03:31:00 PM

No they can't do it without your permission, but if you requested the increase, that often involves a hard pull. It affects you add inquiries are 10% of your score.
I didn't say anything to them. They just woke up one morning and decided to increase my CL.
Title: Re: credit score
Post by: benjie1305 on February 15, 2015, 03:34:54 PM
I didn't say anything to them. They just woke up one morning and decided to increase my CL.

If that increase lead to a hard pull I would complain about it. Find out who did it and complain to the manager. And of course, get that taken down.
Title: Re: credit score
Post by: noturbizniss on February 15, 2015, 03:36:47 PM
If that increase lead to a hard pull I would complain about it. Find out who did it and complain to the manager. And of course, get that taken down.
+1
Title: Re: credit score
Post by: Emkay on February 15, 2015, 03:38:36 PM
If that increase lead to a hard pull I would complain about it. Find out who did it and complain to the manager. And of course, get that taken down.
It ain't always a walk in the park
Title: Re: credit score
Post by: Emkay on February 15, 2015, 03:39:00 PM
Can banks make a hard pull without permission? It looks like Discover pulled my Equifax report last month, right around when they decided to raise my credit limit.

Is that something that can affect me negatively?
Are you positive it was a hard pull
Title: Re: credit score
Post by: benjie1305 on February 15, 2015, 03:40:00 PM
It ain't always a walk in the park

I am most certain it isn't. Still needs to get done. For him to benefit and for the rep to learn his lesson.
Title: Re: credit score
Post by: etech0 on February 15, 2015, 03:41:43 PM
Are you positive it was a hard pull
How would I know for sure?

It's on my Equifax report from credit karma
Quote

The details displayed here include the origins of each hard inquiry and our calculation of when they should be removed from your credit report. If you’re confused about any of the terms used on this page, read more about the specific data displayed here.

Creditor Name       Inquiry Date    Removed By*    Type
DISCOVER BANK    Jan 7, 2014      Feb 2016          National Credit Card Cos.
Title: Re: credit score
Post by: ChaimMoskowitz on February 15, 2015, 03:43:48 PM
How would I know for sure?

It's on my Equifax report from credit karma
Check the date.
Title: Re: credit score
Post by: etech0 on February 15, 2015, 03:46:54 PM
Check the date.
OH good point!
That's embarrassing. That's when I first got the card. I guess I missed the 2014... and they did raise my CL right around January 2015.
Title: Re: credit score
Post by: Emkay on February 15, 2015, 03:48:49 PM
OH good point!
That's embarrassing. That's when I first got the card. I guess I missed the 2014... and they did raise my CL right around January 2015.
All's well that ends well
Title: Re: credit score
Post by: benjie1305 on February 15, 2015, 03:57:55 PM
OH good point!
That's embarrassing. That's when I first got the card. I guess I missed the 2014... and they did raise my CL right around January 2015.

:D
Title: Re: credit score
Post by: etech0 on February 15, 2015, 03:58:21 PM
All's well that ends well
Guess so!
Title: Re: credit score
Post by: pixi on February 15, 2015, 08:19:32 PM
Anyone had any success with disputing a hard pull?
Title: Re: credit score
Post by: benjie1305 on February 15, 2015, 08:26:15 PM
Anyone had any success with disputing a hard pull?

What is the reason for the dispute? Unauthorized pull?
Title: Re: credit score
Post by: pixi on February 15, 2015, 08:29:32 PM
What is the reason for the dispute? Unauthorized pull?
Yes
Title: Re: credit score
Post by: benjie1305 on February 15, 2015, 08:31:08 PM
Yes

Read upthread. Might not be super fast and easy but you should be able to dispute it.
Title: Re: credit score
Post by: pixi on February 15, 2015, 08:45:17 PM
Read upthread. Might not be super fast and easy but you should be able to dispute it.
Through the credit bureau?  I called them and they said that I have to call the company who pulled it and they haveta remove it.
Title: Re: credit score
Post by: benjie1305 on February 15, 2015, 08:54:07 PM

Through the credit bureau?  I called them and they said that I have to call the company who pulled it and they haveta remove it.

Read number 5 for example:

http://www.creditcards.com/credit-card-news/how-to-dispute-unauthorized-credit-report-inquiries-1270.php
Title: Re: credit score
Post by: Hershelsdeals on February 20, 2015, 09:39:18 AM
Does it really make a difference if I freeze experian when trying to space out my inquiries, or when reviewing my credit, banks can see all the recently opened accounts anyway, which seems to make a bigger difference than inquiries, am I wrong or is there really a Difference?
Title: Re: credit score
Post by: rots5 on February 20, 2015, 09:56:08 AM
How long does it take for a 90 day late payment to go off my credit score? i am a yr out of this being resolved, but still showing up on my credit report
Title: Re: credit score
Post by: benjie1305 on February 20, 2015, 10:02:03 AM
How long does it take for a 90 day late payment to go off my credit score? i am a yr out of this being resolved, but still showing up on my credit report

Source: Credit.com

"It’s a whole new ballgame once you have a 90 day late payment, however. If you have been over 90 days late (even just once), the credit scoring models consider you much more likely to do it again. One 90 day late payment will damage your credit for up to seven years. From a scoring perspective, a single 90 day late payment is as damaging to your credit scores as a bankruptcy filing, a tax lien, a collection, a judgment or repossession. Being 90 days late causes you to be viewed as a possible “repeat offender” and a higher risk to creditors. Here’s a summary of how late payments impact your credit scores"

"90 days late – This record will damage your credit scores significantly for up to 7 years. It doesn’t make a difference whether or not your account is currently 90 days late. Remember, the goal of the scoring model is to predict whether or not you will pay 90 days late or later on any credit obligation. By showing that you have already done so means that you are more likely to do it again compared to someone who has never been 90 days late. As such, your credit scores will drop."
Title: Re: credit score
Post by: rots5 on February 20, 2015, 10:15:13 AM
Source: Credit.com

"It’s a whole new ballgame once you have a 90 day late payment, however. If you have been over 90 days late (even just once), the credit scoring models consider you much more likely to do it again. One 90 day late payment will damage your credit for up to seven years. From a scoring perspective, a single 90 day late payment is as damaging to your credit scores as a bankruptcy filing, a tax lien, a collection, a judgment or repossession. Being 90 days late causes you to be viewed as a possible “repeat offender” and a higher risk to creditors. Here’s a summary of how late payments impact your credit scores"

"90 days late – This record will damage your credit scores significantly for up to 7 years. It doesn’t make a difference whether or not your account is currently 90 days late. Remember, the goal of the scoring model is to predict whether or not you will pay 90 days late or later on any credit obligation. By showing that you have already done so means that you are more likely to do it again compared to someone who has never been 90 days late. As such, your credit scores will drop."

****!!

Not normal, TD bank royally screwed up and they never finished taking care of this. I just hung up from disputes with experian, they see that last feb i called in fraud but td bank never followed up, shmucks! i hate td ever since they took over commerce.
Title: Re: credit score
Post by: benjie1305 on February 20, 2015, 10:17:05 AM
****!!

Not normal, TD bank royally screwed up and they never finished taking care of this. I just hung up from disputes with experian, they see that last feb i called in fraud but td bank never followed up, shmucks! i hate td ever since they took over commerce.

Sounds like the best game plan , if this actually wasn't your fault, is to fight fight fight until the CB takes it off.
Title: Re: credit score
Post by: rots5 on February 20, 2015, 11:05:12 AM
Sounds like the best game plan , if this actually wasn't your fault, is to fight fight fight until the CB takes it off.
Yups,

Exactly. It wasnt, i had fraud on my cc. Transunion and equifax already supposedly took it off, now i highly doubt they did. my score is way to low at this point at 699
Title: Re: credit score
Post by: casualchurner on February 20, 2015, 12:02:10 PM
Just got approved for Citi AA Plat Select. Pulled a 791 from EX!!
The brief report listed "a couple of factors adversely affecting your score". One was: "Too many credit inquiries in the past 12 months.  :D LOL yup that's definitely me!
Title: Re: credit score
Post by: caliheat on February 20, 2015, 12:16:57 PM
Let's just say that scores don't mean much at all.
I have TU-719 EX-699 EQ-717
This goes along with 10+ adverse accounts including a 26K charge off from citi in 2009. reporting balance as of 1/2015.
Ergo - score = BS
Title: Re: credit score
Post by: casualchurner on February 20, 2015, 12:22:38 PM
Let's just say that scores don't mean much at all.
I have TU-719 EX-699 EQ-717
This goes along with 10+ adverse accounts including a 26K charge off from citi in 2009. reporting balance as of 1/2015.
Ergo - score = BS
Wow impressive resume  :P
Title: Re: credit score
Post by: caliheat on February 20, 2015, 12:24:34 PM
Wow impressive resume  :P
Although, I did get approved for in the past 6 months:
Amex: Personal Plat, PRG, Starwood & DL Plat
Barclay: US, Arrival+, M&M
Title: Re: credit score
Post by: TimT on February 20, 2015, 12:27:45 PM
Although, I did get approved for in the past 6 months:
Amex: Personal Plat, PRG, Starwood & DL Plat
Barclay: US, Arrival+, M&M
Do you have much luck with chase with that resume ?
Title: Re: credit score
Post by: caliheat on February 20, 2015, 12:45:49 PM
Do you have much luck with chase with that resume ?
I settled an account with Chase and 1 collection resulting from a chase card, so that's no go after many tries.
Although they told me on my last HUCA that reason for denial is due to 26K account.
Major charge off's (3) primarily with citi and 1 with BofA
Title: Re: credit score
Post by: caliheat on February 23, 2015, 11:23:57 AM
On a separate note.
I monitor my bosses credit with MyFico.com and when his utilization went from 70% to 130%, his scores dropped anywhere from 15 to 26 points!

Title: Re: credit score
Post by: TimT on February 23, 2015, 11:29:25 AM
On a separate note.
I monitor my bosses credit with MyFico.com and when his utilization went from 70% to 130%, his scores dropped anywhere from 15 to 26 points!
Up until 70% it doesn't drop ?
Title: Re: credit score
Post by: caliheat on February 23, 2015, 11:34:21 AM
Up until 70% it doesn't drop ?
I'm sure it did, but I wasn't monitoring until recently.
Just an FYI regarding the huge drop for utilization increase.
Title: Re: credit score
Post by: TimT on February 23, 2015, 11:36:19 AM
I'm sure it did, but I wasn't monitoring until recently.
Just an FYI regarding the huge drop for utilization increase.
Was that on 1 card or across everything ?
Title: Re: credit score
Post by: caliheat on February 23, 2015, 11:41:57 AM
Was that on 1 card or across everything ?
I believe it was for the 1 card that went severely over the limit.
EQ - 15 points
EX - 26 points
TU - nothing so far
Title: Re: credit score
Post by: rs242 on February 24, 2015, 06:22:59 PM
question i saw something on my credit report that i wanted to dispute do i need to dispute on all 3 reports or only one and good for all 3?
Title: Re: credit score
Post by: raphy781 on February 24, 2015, 06:36:22 PM
question i saw something on my credit report that i wanted to dispute do i need to dispute on all 3 reports or only one and good for all 3?
If it's on all 3 reports then you need to dispute each one.
Title: Re: credit score
Post by: lyla on February 24, 2015, 06:50:55 PM
I noticed that citi's FICO score goes up to 900 and not 850. Have all the credit bureaus changed?
Title: Re: credit score
Post by: noturbizniss on February 24, 2015, 07:23:54 PM
I noticed that citi's FICO score goes up to 900 and not 850. Have all the credit bureaus changed?
many kinds of scores
http://www.fico.com/en/products?solutions=44&sort=ASC
Title: Re: credit score
Post by: nocknock on February 25, 2015, 02:30:43 PM
I applied for a card, everything was my info (ss#, mother's maiden name) except the first name was my wife's.

The card was approved, but i wasn't able to add it to my profile neither to my wife's ...... bla bla bla there was a whole bank mess up.

Question is: Did it go on someone's credit report the opening and closing of the card?
Title: Re: credit score
Post by: DMYD on February 25, 2015, 02:35:27 PM
I applied for a card, everything was my info (ss#, mother's maiden name) except the first name was my wife's.

The card was approved, but i wasn't able to add it to my profile neither to my wife's ...... bla bla bla there was a whole bank mess up.

Question is: Did it go on someone's credit report the opening and closing of the card?
They pulled your SS so its on your SS. you can check on your report
Title: Re: credit score
Post by: TimT on February 25, 2015, 02:36:20 PM
Question is: Did it go on someone's credit report the opening and closing of the card?
Who closed it ?
Title: Re: credit score
Post by: nocknock on February 25, 2015, 02:39:33 PM
It was closed due to fraud.... So it seems that it didn't go up on nobody name
Title: Re: credit score
Post by: nocknock on February 25, 2015, 02:57:14 PM
They pulled your SS so its on your SS. you can check on your report
1st of all I enjoyed your TR זאלסט האבען געפוילט אלעס גוטס

The reason why I think it didn't go up on the report  because if it has to do with SS why  didn't chase let me link this card to any profile?
Title: Re: credit score
Post by: DMYD on February 25, 2015, 02:59:05 PM
1st of all I enjoyed your TR זאלסט האבען געפוילט אלעס גוטס

The reason why I think it didn't go up on the report  because if it has to do with SS why  didn't chase let me link this card to any profile?
Cuz the name doesn't match, you can just check your credit and confirm that.
Title: Re: credit score
Post by: username on February 25, 2015, 03:42:41 PM
Friend had a long disagreement with a local tax authority. Long story short, they put a lien on his business, which he paid off the next day. Any way to get it removed from his credit history? It shows that the lien has been removed, but it still is a black mark for him.
Title: Re: credit score
Post by: freddy on March 10, 2015, 04:31:47 PM
How often is the Barclay Fico score supposed to update?
Title: Re: credit score
Post by: noturbizniss on March 10, 2015, 04:37:49 PM
How often is the Barclay Fico score supposed to update?
Randomly. Mine did nothing for 2 or 3months  then 3 times in 2 months
Store have supposed it updated when the score actually changes
Title: Re: credit score
Post by: Marco Polo on March 10, 2015, 04:56:54 PM
How often is the Barclay Fico score supposed to update?
Mine goes once a month.
Title: Re: credit score
Post by: caliheat on March 10, 2015, 07:06:27 PM
How often is the Barclay Fico score supposed to update?
Mine too is YMMV
Title: Re: credit score
Post by: Tom Brady on March 11, 2015, 02:06:18 PM
Say someone's only card for years was a charge card (amex gold), and he always had the statement close with 10k each month. Will his score really be terrible because of the utilization, or is it somehow different with charge cards?
Title: Re: credit score
Post by: benjie1305 on March 11, 2015, 02:08:22 PM
Say someone's only card for years was a charge card (amex gold), and he always had the statement close with 10k each month. Will his score really be terrible because of the utilization, or is it somehow different with charge cards?

I saw this (http://www.nerdwallet.com/blog/american-express/charge-card-affect-credit-score/). Might be worth a quick read.
Title: Re: credit score
Post by: Tom Brady on March 11, 2015, 02:14:10 PM
I saw this (http://www.nerdwallet.com/blog/american-express/charge-card-affect-credit-score/). Might be worth a quick read.
Thanks! So they say the utilization of a charge card does not count towards the utilization affecting your credit score at all... Interesting.
Title: Re: credit score
Post by: Aj3042 on March 11, 2015, 02:22:17 PM
Thanks! So they say the utilization of a charge card does not count towards the utilization affecting your credit score at all... Interesting.
Here's a data point for you. I've read that it doesn't count toward the utilization of that card but it does toward the overall utilization of all debt vs credit.
Title: Re: credit score
Post by: benjie1305 on March 11, 2015, 02:27:26 PM
Here's a data point for you. I've read that it doesn't count toward the utilization of that card but it does toward the overall utilization of all debt vs credit.

If thats true, that would be amazing as it seems that Charge card utilization is 0% then. Meaning it lowers overall utilization.
Title: Re: credit score
Post by: Aj3042 on March 11, 2015, 02:31:05 PM
If thats true, that would be amazing as it seems that Charge card utilization is 0% then. Meaning it lowers overall utilization.
No to the contrary if you put 10k on the charge card and you have only 20k credit on your cc's you'll be using 10k/20k. So it's a bad thing.
Title: Re: credit score
Post by: gavhaller on March 11, 2015, 02:58:27 PM
Why the discrepancy between my Barclay Fico score and my creditkarma score?
Almost 100 points! And both updated at the same time.
Title: Re: credit score
Post by: D93 on March 11, 2015, 03:06:13 PM
Why the discrepancy between my Barclay Fico score and my creditkarma score?
Almost 100 points! And both updated at the same time.

How is it compared to your DansDeals PoppySeed® (http://forums.dansdeals.com/index.php?topic=46544.msg961373#msg961373)  score?
Title: Re: credit score
Post by: TimT on March 11, 2015, 03:06:32 PM
Why the discrepancy between my Barclay Fico score and my creditkarma score?
Almost 100 points! And both updated at the same time.
Which is higher ? (Creditkarma isn't worth much for score)
Title: Re: credit score
Post by: gavhaller on March 11, 2015, 03:12:42 PM
Which is higher ? (Creditkarma isn't worth much for score)
Barclay's is higher.
I've never officially trusted that creditkarma was the IT score. But, when I make my round of apps I definitely check it to make sure all is okay. I was just stunned to see such a vast gap between the two.
Title: Re: credit score
Post by: noturbizniss on March 11, 2015, 03:15:09 PM
Barclay's is higher.
I've never officially trusted that creditkarma was the IT score. But, when I make my round of apps I definitely check it to make sure all is okay. I was just stunned to see such a vast gap between the two.
Why?  The only real FICO score is FICO. Anything else is simply a guess as to the actual FICO method.
Title: Re: credit score
Post by: gavhaller on March 11, 2015, 03:16:23 PM
Why?  The only real FICO score is FICO. Anything else is simply a guess as to the actual FICO method.
Mhm. Guess that somewhat makes sense.
Title: Re: credit score
Post by: TimT on March 11, 2015, 03:19:32 PM
Mhm. Guess that makes a lot of sense.
FTFY
Title: Re: credit score
Post by: etech0 on March 11, 2015, 03:52:54 PM
How is it compared to your DansDeals PoppySeed® (http://forums.dansdeals.com/index.php?topic=46544.msg961373#msg961373)  score?
Wow - every so often someone pulls a great thread out of the archives!
Thanks!
Title: Re: credit score
Post by: YitzyS on March 23, 2015, 10:56:13 AM
Here goes a story:
I applied for Barclays US Airways card (4 months ago) and got approved with a $10,000 credit limit  :) . I was surprised by the credit limit, because I had previously only had one card (for 4 years) with a $2,500 credit limit. When I activated the card, they told me that I'm entering the wrong social security number  :( . To make a long story short, my credit report was merged with my cousin's (almost the same name), and my cousin has a great credit history. Interestingly, Experian (who had the mix-up) told me that Barclays made the inquiry with the correct social, but when they reported the account, it was with the wrong social. Anyways, I told Barclays about the error, and they switched the social security number over to my SSN.
This was 4 months ago. Comes last week, and suddenly my credit limit dropped from $10,000 to $1,000 dollars  :( . I called them up and they said that they revaluated based on my correct credit report, and they cannot give me more than $1,000 limit. They said that the terms and Conditions state that they can lower the limit at any time based on a change in credit worthiness. I argued that I never had a change in credit worthiness, just that they had initially made an error (that was completely their responsibility). They said that there is nothing they can do  >:( . I forced him to call customer service and refund my annual fee (saying "the card is worthless to me with so little credit"), and he did that instantly. I hung up happily. (Since I got that card, I've been approved for other cards, so a had other cards to use with far greater limits  :P .)
Now for my question: I got an alert from Experian Credit Tracker (I'm a member) that there was a decrease on a credit limit on one of my accounts, and it could serve as a red flag to other banks because they see that a different bank lowered my credit limit. What should I do? Could I call Barclays and make them delete the record that I ever had a $10,000 limit? Or should I call Experian and try to do something through them?  :-\
If you're reading this, then I appreciate you reading through my long post. Thank you.
Title: Re: credit score
Post by: Aj3042 on March 23, 2015, 11:10:39 AM
You did have a 10k limit which they cut so it's not like you can make them remove it but you can call them and tell them it's affected your CR and ask them. Try to reach a supervisor or something because the regular reps probably won't get it.
Title: Re: credit score
Post by: YitzyS on March 23, 2015, 12:50:36 PM
You did have a 10k limit which they cut so it's not like you can make them remove it but you can call them and tell them it's affected your CR and ask them. Try to reach a supervisor or something because the regular reps probably won't get it.
They made a mistake and admitted it. I could probably make them do anything, as long as they have the ability to do it. (If I would appreciate headaches, I could probably sue them in court.) I just don't know what their ability is, and I don't know the smartest "mehalech" to try to solve this.
Title: Re: credit score
Post by: Marco Polo on March 23, 2015, 12:51:40 PM
They made a mistake and admitted it. I could probably make them do anything, as long as they have the ability to do it. (If I would appreciate headaches, I could probably sue them in court.) I just don't know what their ability is, and I don't know the smartest "mehalech" to try to solve this.
Get them to remove the pull :)
Title: Re: credit score
Post by: YitzyS on March 23, 2015, 12:53:33 PM
Get them to remove the pull :)
A pull is a standard procedure, so even though it effects the score, I don't mind as much. A credit decrease is a red flag, and could potentially hurt me much more.
Title: Re: credit score
Post by: Aj3042 on March 23, 2015, 12:55:56 PM
They made a mistake and admitted it. I could probably make them do anything, as long as they have the ability to do it. (If I would appreciate headaches, I could probably sue them in court.) I just don't know what their ability is, and I don't know the smartest "mehalech" to try to solve this.
I'm not so sure about that. They are not reporting anything objectively negative to your CR, other than they reduce your credit lines. The way other cc companies take that is not really their issue. Meaning that there's nothing incorrect or wrong about what they actually reported so I'm not sure you can make them do anything. Either way, I can't imagine that force would do the trick. You gotta HUCA with as many supervisors that you can. Get the number of the highest level rep and give over the sob story.
Title: Re: credit score
Post by: YitzyS on March 23, 2015, 01:03:15 PM
I'm not so sure about that. They are not reporting anything objectively negative to your CR, other than they reduce your credit lines. The way other cc companies take that is not really their issue. Meaning that there's nothing incorrect or wrong about what they actually reported so I'm not sure you can make them do anything. Either way, I can't imagine that force would do the trick. You gotta HUCA with as many supervisors that you can. Get the number of the highest level rep and give over the sob story.
They reported my account to my cousin's credit report. My cousin can definitely sue them. (I don't know if you read up on it, but a while back the credit Experian and their cohorts were sued mega money because of their laxness in stopping mix-ups.)
But anyways, what you're saying is great advice and I'm gonna HUCA HUCA HUCA until there's smoke coming out of my ears.  8)
Title: Re: credit score
Post by: Aj3042 on March 23, 2015, 01:12:29 PM
They reported my account to my cousin's credit report. My cousin can definitely sue them. (I don't know if you read up on it, but a while back the credit Experian and their cohorts were sued mega money because of their laxness in stopping mix-ups.)
But anyways, what you're saying is great advice and I'm gonna HUCA HUCA HUCA until there's smoke coming out of my ears.  8)
You're saying they reported the account to both you and your cousin? Who'd they name as the primary account holder (they call it "responsibility-primary" or something like that)?
Title: Re: credit score
Post by: YitzyS on March 23, 2015, 01:16:09 PM
You're saying they reported the account to both you and your cousin? Who'd they name as the primary account holder (they call it "responsibility-primary" or something like that)?
No. They initially reported the account only to my cousin's reports. After I called them, they corrected it and started reporting only to my reports.
Title: Re: credit score
Post by: Aj3042 on March 23, 2015, 01:21:13 PM
No. They initially reported the account only to my cousin's reports. After I called them, they corrected it and started reporting only to my reports.
So your cousin can't do anything to them because it's not on his CR anymore...
Title: Re: credit score
Post by: tjak on March 23, 2015, 08:11:46 PM
I've been trying to get my Experian report from Annual credit report. Every time I get to the last step it tells me sorry we are unable to process your request. Does any one have any advice or a # to call to find out why this is happening? TIA. 
Title: Re: credit score
Post by: benjie1305 on March 23, 2015, 08:18:00 PM
I've been trying to get my Experian report from Annual credit report. Every time I get to the last step it tells me sorry we are unable to process your request. Does any one have any advice or a # to call to find out why this is happening? TIA.

Have you done this already once this year?
Title: Re: credit score
Post by: tjak on March 23, 2015, 08:18:24 PM

Have you done this already once this year?
Nope.
Title: credit score
Post by: rileywiles23 on March 23, 2015, 08:18:36 PM
I've been trying to get my Experian report from Annual credit report. Every time I get to the last step it tells me sorry we are unable to process your request. Does any one have any advice or a # to call to find out why this is happening? TIA.
this is number for experian 714-830-7000
Title: Re: credit score
Post by: tjak on March 23, 2015, 08:21:43 PM

1-877-322-8228
Is there any way to get a human on that number?
Title: credit score
Post by: rileywiles23 on March 23, 2015, 08:24:29 PM
Is there any way to get a human on that number?
changed it. I wrote wrong number. Don't know one for annual credit report directly...
Title: Re: credit score
Post by: D93 on March 23, 2015, 08:32:57 PM
I've been trying to get my Experian report from Annual credit report. Every time I get to the last step it tells me sorry we are unable to process your request. Does any one have any advice or a # to call to find out why this is happening? TIA.
What country are you residing in?
Title: Re: credit score
Post by: pixi on March 23, 2015, 08:34:24 PM
I've been trying to get my Experian report from Annual credit report. Every time I get to the last step it tells me sorry we are unable to process your request. Does any one have any advice or a # to call to find out why this is happening? TIA.
Do you have a long history of credit?
Title: Re: credit score
Post by: tjak on March 23, 2015, 08:36:37 PM

What country are you residing in?
I first tried it from Israel about a month ago got this msg so thought it was because I'm over seas. So tried it now from the US but got the same msg.
Title: Re: credit score
Post by: tjak on March 23, 2015, 08:37:15 PM

Do you have a long history of credit?
About 2 years.
Title: Re: credit score
Post by: Boruch999 on March 26, 2015, 09:22:49 AM
I first tried it from Israel about a month ago got this msg so thought it was because I'm over seas. So tried it now from the US but got the same msg.

I've had the same experience. I have been unable to get my EX report (or my TU for that matter) from annualcreditreport for two years.  I spoke to them on the phone and they said they can't see any reason why.   I have a hunch that if you try getting it from an overseas IP address once, the system blocks you from ever getting it online.
Title: Re: credit score
Post by: Boruch999 on March 26, 2015, 09:25:19 AM
https://www.experian.com/consumer/cac/InvalidateSession.do?code=DISPUTE

That's the link to get your EX report for free forever once you have a report number.

I'm looking for an appropriate wiki to put it in so I can easily find it when I need it.  Any ideas?
Title: Re: credit score
Post by: gavhaller on March 29, 2015, 06:18:27 PM
Stupidly,
I applied for both Citi Thank you and Citi Business AA on the same day. I have 2 inquiries, one from Citi and one from cbSD/PRE02 UFC.
Anybody had success with merging these 2 inquiries? Is there a case? and can I dispute it?
Title: Re: credit score
Post by: 12HRS on March 29, 2015, 07:45:40 PM
did you get approved for both?
Title: Re: credit score
Post by: avromie7 on April 01, 2015, 02:04:55 AM
Is there a way to make a bank report to the CB?
 the last time this bank updated was 2/26
Title: Re: credit score
Post by: Emkay on April 01, 2015, 06:53:27 AM
Is there a way to make a bank report to the CB?
 the last time this bank updated was 2/26
Default on your payment
Title: Re: credit score
Post by: ChaimMoskowitz on April 01, 2015, 07:15:28 AM
Is there a way to make a bank report to the CB?
 the last time this bank updated was 2/26
You mean the last time was a whole month ago?  ;)
Title: Re: credit score
Post by: avromie7 on April 01, 2015, 07:34:00 AM
You mean the last time was a whole month ago?  ;)
That happens all the tim
Title: Re: credit score
Post by: ChaimMoskowitz on April 01, 2015, 07:35:59 AM
That happens all the tim
OK I am confused. You want them to report more than once a month?
Title: Re: credit score
Post by: avromie7 on April 01, 2015, 07:39:12 AM
OK I am confused. You want them to report more than once a month?
I was looking at experian and it seems most banks update on the billing cycle however one bank didn't update this past cycle
Title: Re: credit score
Post by: D93 on April 01, 2015, 07:42:08 AM
I was looking at experian and it seems most banks update on the billing cycle however one bank didn't update this past cycle
Which bank?
Title: Re: credit score
Post by: avromie7 on April 01, 2015, 07:43:16 AM
Which bank?
Santander
Title: Re: credit score
Post by: Hershelsdeals on April 06, 2015, 12:52:49 PM
How many Experian inquiries should I top out in 2 years?
Title: Re: credit score
Post by: tov hashem on April 06, 2015, 02:33:20 PM
My brother has no credit so if i add him to my amex gold( charge) card will this build his ccredit credit score or does this method only work on revolving credit card?
Title: Re: credit score
Post by: rileywiles23 on April 06, 2015, 03:40:56 PM

My brother has no credit so if i add him to my amex gold( charge) card will this build his ccredit credit score or does this method only work on revolving credit card?
there is no difference...
Title: Re: credit score
Post by: ChaimMoskowitz on April 06, 2015, 03:48:00 PM
there is no difference...
You sure about that?
Title: Re: credit score
Post by: rileywiles23 on April 06, 2015, 04:46:28 PM

You sure about that?
it will build his credit... Although a revolving card will help more...
Title: Re: credit score
Post by: ChaimMoskowitz on April 06, 2015, 04:50:08 PM
it will build his credit... Although a revolving card will help more...
Maybe it would have been better to say that in the first place?
Title: Re: credit score
Post by: rileywiles23 on April 06, 2015, 05:02:51 PM

Maybe it would have been better to say that in the first place?
your right...
Title: Re: credit score
Post by: Emkay on April 08, 2015, 03:52:30 AM
your right...
He always is
Title: Re: credit score
Post by: samtam on April 08, 2015, 11:20:04 AM
Is being a au on a chase card and the person has a balace affect the au credit report?
And does cancelling the au help?
Title: Re: credit score
Post by: yitrap on April 08, 2015, 11:22:38 AM

Is being a au on a chase card and the person has a balace affect the au credit report?
And does cancelling the au help?

When you say balance you are referring to him utilizing too much of his credit?
From my understanding it does and removing should help.
Title: Re: credit score
Post by: samtam on April 08, 2015, 11:24:58 AM
When you say balance you are referring to him utilizing too much of his credit?
From my understanding it does and removing should help.
But i thought chase doesn't affect the au
They dont ask for a social when you make a au
How do they know its you?
Title: Re: credit score
Post by: D93 on April 08, 2015, 11:27:40 AM
But i thought chase doesn't affect the au
You thought wrong.
Quote
They dont ask for a social when you make a au
How do they know its you?
Chase will still add report an AU's card to that person's Credit Report, even without a SSN given.
Title: Re: credit score
Post by: yitrap on April 08, 2015, 11:27:52 AM

But i thought chase doesn't affect the au
They dont ask for a social when you make a au
How do they know its you?

I was thinking about amex actually,
With chase you can provide the social and they claim they can figure it out without it even though I don't understand how they could, in the terms the read out when you add an AU online they say something about affecting credit score.
Title: credit score
Post by: rileywiles23 on April 08, 2015, 11:28:03 AM
Is being a au on a chase card and the person has a balace affect the au credit report?
And does cancelling the au help?
I just had this issue. I was an au on my fathers chase card for a long time, and never took myself off. Recently, I was going through my credit report, and saw my credit utilization was much higher then it should've been. I realized that being an au on my fathers card, where he carries large balances every month on his statements, was affecting my credit score. Canceling au definitely helps.
Title: Re: credit score
Post by: mgarfin on April 24, 2015, 12:00:57 PM
I just had this issue. I was an au on my fathers chase card for a long time, and never took myself off. Recently, I was going through my credit report, and saw my credit utilization was much higher then it should've been. I realized that being an au on my fathers card, where he carries large balances every month on his statements, was affecting my credit score. Canceling au definitely helps.

I just came here to ask the same question,

I added my wife twice to my Amex SPG twice (SBS) and now I see its on her report twice, calculating my balance twice!

Any way to remove it without closing it, or is it relay not effecting here credit?
Title: Re: credit score
Post by: ChaimMoskowitz on April 24, 2015, 12:11:46 PM
Remove her as AU.
Title: Re: credit score
Post by: Hershelsdeals on May 14, 2015, 12:34:23 PM
Credit Utilization questions , I have a company who had my credit card on file charge my credit card without asking me, and my statement closed with close to 50 percent credit utilization, is there any way to get that off my report, for example by charging it back to the merchant or dispute, or will anything help?
Title: Re: credit score
Post by: YitzyS on May 17, 2015, 11:14:48 AM
Credit Utilization questions , I have a company who had my credit card on file charge my credit card without asking me, and my statement closed with close to 50 percent credit utilization, is there any way to get that off my report, for example by charging it back to the merchant or dispute, or will anything help?
I'm not a professional, but from my personal experience, my credit score went back up almost immediately after paying off the high balance. (It is different from a late payment in that it doesn't come up as a negative factor. Therefore it goes back up as quickly as it went down.)
Title: Re: credit score
Post by: Hershelsdeals on May 17, 2015, 11:15:35 AM
I'm not a professional, but from my personal experience, my credit score went back up almost immediately after paying off the high balance. (It is different from a late payment in that it doesn't come up as a negative factor. Therefore it goes back up as quickly as it went down.)
Thanks for the data.
Title: Re: credit score
Post by: Yitzshpitz on May 17, 2015, 09:47:53 PM
How can I get a copy of my actual credit report? I get my score from barclays but something seems off about it and wanted to look into it.
Title: Re: credit score
Post by: avromie7 on May 17, 2015, 09:49:43 PM
How can I get a copy of my actual credit report? I get my score from barclays but something seems off about it and wanted to look into it.
You can request it when you get declined for a cc even if recon approves it

You can also get it once a year for free from annualcreditscore.com
Title: Re: credit score
Post by: TimT on May 17, 2015, 09:50:05 PM
How can I get a copy of my actual credit report? I get my score from barclays but something seems off about it and wanted to look into it.
annualcreditreport.com
Title: Re: credit score
Post by: Yitzshpitz on May 17, 2015, 09:51:27 PM
You can request it when you get declined for a cc even if recon approves it

You can also get it once a year for free from annualcreditscore.com
annualcreditreport.com

Thanks
Title: Re: credit score
Post by: srap on May 17, 2015, 11:54:23 PM
I just had this issue. I was an au on my fathers chase card for a long time, and never took myself off. Recently, I was going through my credit report, and saw my credit utilization was much higher then it should've been. I realized that being an au on my fathers card, where he carries large balances every month on his statements, was affecting my credit score. Canceling au definitely helps.
Is the reverse true as well?  Can a high utilization on an AU affect the primary's credit score?
Title: Re: credit score
Post by: TimT on May 17, 2015, 11:56:04 PM
Is the reverse true as well?  Can a high utilization on an AU affect the primary's credit score?
Of course. It's the primary's account
Title: Re: credit score
Post by: srap on May 18, 2015, 12:01:52 AM
Of course. It's the primary's account
Of course, wasn't thinking, didn't even ask the question correctly.
Is there any way an AU's credit report can affect the primary's credit report if the AU makes NO CHARGES on the shared CC?
Title: Re: credit score
Post by: Boruch999 on May 18, 2015, 01:24:28 AM
Of course, wasn't thinking, didn't even ask the question correctly.
Is there any way an AU's credit report can affect the primary's credit report if the AU makes NO CHARGES on the shared CC?

No.  However a bank might look at an AU's report, not like what they see, and decide to give the primary a little extra scrutiny.  (FRs and A/As seem to sometimes run in families.)
Title: Re: credit score
Post by: srap on May 18, 2015, 01:45:35 AM
No.  However a bank might look at an AU's report, not like what they see, and decide to give the primary a little extra scrutiny.  (FRs and A/As seem to sometimes run in families.)
Ty.
Title: Re: credit score
Post by: jameswacht on May 18, 2015, 02:49:56 PM
How long does it take for an inquiry to full off your report? Many DDF posters report that they full off after 3 to 6 months. On my experian report I have 12 inquires extending back over a year's time! Anyway to get rid of them? I want to apply for a new batch of cards I am scared I will get declined due to the large amount of inquiries. Otherwise my experian score is 766.
Title: Re: credit score
Post by: Marco Polo on May 18, 2015, 02:52:00 PM
How long does it take for an inquiry to full off your report? Many DDF posters report that they full off after 3 to 6 months. On my experian report I have 12 inquires extending back over a year's time! Anyway to get rid of them? I want to apply for a new batch of cards I am scared I will get declined due to the large amount of inquiries. Otherwise my experian score is 766.
They don't fall off, rather banks only look back x amount of months.
Title: Re: credit score
Post by: jameswacht on May 18, 2015, 03:04:45 PM
They don't fall off, rather banks only look back x amount of months.
thanks! Will banks decline me if I have multiple inquiries with in the last 3 months even though my credit score is good? I. E. 766
Title: Re: credit score
Post by: TimT on May 18, 2015, 03:07:50 PM
thanks! Will banks decline me if I have multiple inquiries with in the last 3 months even though my credit score is good? I. E. 766
YMMV especially with chase. I've had it happen with a much higher score.
Title: Re: credit score
Post by: Marco Polo on May 18, 2015, 03:08:13 PM
thanks! Will banks decline me if I have multiple inquiries with in the last 3 months even though my credit score is good? I. E. 766
Some will. They may see the recent request for new credit as a negative thing.
Title: Re: credit score
Post by: avromie7 on May 18, 2015, 04:37:39 PM
They don't fall off, rather banks only look back x amount of months.
They do fall off after 2 years but after 12 months they barely make a difference if at all and even after 6 months they lose a lot of their effect
Title: Re: credit score
Post by: Marco Polo on May 18, 2015, 04:45:21 PM
They do fall off after 2 years but after 12 months they barely make a difference if at all and even after 6 months they lose a lot of their effect
Right. I should have been more specific.
Title: Re: credit score
Post by: @Yehuda on May 19, 2015, 09:54:55 AM
My TU was 764 in August as per Barclaysd, and now it's 696. In that time period, I've had a pull from my new landlord approving my rental application and let 1 or 2 cc bills close with a higher balance than normal (i.e. i left $1000-$2000 on a $9K CL card when I normally leave $200-300).
Any idea what happened? Best way to contact TU to find out?
Update:
I just checked my TU report and there were no recent pulls (my landlord must have pulled a different bureau) but in addition to the 2 balances that were high (again, $2-3K balances), I was 30 days late to a student loan payment.
Does anyone understand credit scores at all? Can 1 late payment and 2 high balances really drop a score 70 points in a month??
Final Update:
I got the late payment removed from the student loan in February, thank G-d. My score did not jump back up instantly, but Lou Bob told me to give it time. At first I saw it creep back up by 10 points or so but then didn't check it again until today and B"H it's back up to 770 :)
Title: Re: credit score
Post by: D93 on May 19, 2015, 12:40:25 PM
Final Update:
I got the late payment removed from the student loan in February, thank G-d. My score did not jump back up instantly, but Lou Bob told me to give it time. At first I saw it creep back up by 10 points or so but then didn't check it again until today and B"H it's back up to 770 :)
Nice! Time to apply for more cards ;D
Title: Re: credit score
Post by: DMYD on May 19, 2015, 12:42:53 PM
Final Update:
I got the late payment removed from the student loan in February, thank G-d. My score did not jump back up instantly, but Lou Bob told me to give it time. At first I saw it creep back up by 10 points or so but then didn't check it again until today and B"H it's back up to 770 :)
Great number  ;)
Title: Re: credit score
Post by: mochada on May 19, 2015, 01:48:11 PM
Great number  ;)

Moshiach must be on his way  ;)
That's what someone told me when I got that score on a standardized exam LOL
Title: Re: credit score
Post by: Mordyk on June 01, 2015, 05:50:19 PM
Where can i pay to have monthly my credit score and credit report? I want to be able to review it constantly  and not interested in opening and closing experian accounts
Title: Re: credit score
Post by: TimT on June 01, 2015, 06:26:55 PM
Where can i pay to have monthly my credit score and credit report? I want to be able to review it constantly  and not interested in opening and closing experian accounts
MyFico has for $24.95 a month
Title: Re: credit score
Post by: Mordyk on June 01, 2015, 06:29:33 PM
MyFico has for $24.95 a month
Is that the cheapest?
Title: Re: credit score
Post by: Elikip on June 01, 2015, 07:30:06 PM
Is that the cheapest?

Having a chase slate card gives you access to your Fico score
Title: Re: credit score
Post by: Mordyk on June 01, 2015, 07:30:40 PM
Having a chase slate card gives you access to your Fico score
Inhave the score, i want the report
Title: Re: credit score
Post by: avromie7 on June 01, 2015, 09:07:52 PM
Inhave the score, i want the report
keep your experian report number it stays active as long as you check it every 90 days
Title: Re: credit score
Post by: Mordyk on June 01, 2015, 09:17:19 PM
keep your experian report number it stays active as long as you check it every 90 days
And it constantly gets updated?
Title: Re: credit score
Post by: avromie7 on June 01, 2015, 09:17:53 PM
And it constantly gets updated?
yes
Title: Re: credit score
Post by: cwerz on June 02, 2015, 01:20:24 PM
Just as a Quick note:

https://www.creditchecktotal.com/ Recently (This monthy) Started offering Fico Scores + Unlimited Credit Reports (All 3)

The Price on Site is 29.95 a Month -- but if you call in after 7 Days trial to cancel - you can get it for $15
Title: Re: credit score
Post by: YitzyS on June 02, 2015, 03:28:49 PM
Where can i pay to have monthly my credit score and credit report? I want to be able to review it constantly  and not interested in opening and closing experian accounts
Why can't you just keep open the Experian account. When I called to cancel, they offered it to me for $10 (for 6 months). I want to actively monitor my report, and Experian is the most relevant agency. I've been using it the last few months to really see when to apply for cards.
Title: Re: credit score
Post by: nobiggy on June 02, 2015, 03:37:49 PM
keep your experian report number it stays active as long as you check it every 90 days
where do I check it?

This is what it said:
   
For your protection, the results of your investigations are available online for 30 days. Your 30-day period has expired.


Title: Re: credit score
Post by: avromie7 on June 02, 2015, 03:39:59 PM
where do I check it?

This is what it said:

For your protection, the results of your investigations are available online for 30 days. Your 30-day period has expired.
Experian.com/viewreport
Title: Re: credit score
Post by: nobiggy on June 02, 2015, 03:41:31 PM
Experian.com/viewreport

It's within 90 days and gives me this message: We are unable to honor your request for online access.
Title: Re: credit score
Post by: avromie7 on June 02, 2015, 04:05:56 PM
It's within 90 days and gives me this message: We are unable to honor your request for online access.
I had issues with it so I left it for a little and then it let me in again
You can also try incognito
Title: Re: credit score
Post by: Marco Polo on June 02, 2015, 04:15:50 PM
I see that i have a two credit pulls from the same bank/institution (Corelogic Credco) on the same day for an auto loan. One was initiated from the leasing company, the other car company. Can those be merged?
Title: Re: credit score
Post by: Ydad on June 02, 2015, 04:34:03 PM
Is amex's credit score for real? They are telling me my score stayed at 776 even though I had a hard pull over the last month. Or are hard pulls less then they are cranked up to be?
Title: Re: credit score
Post by: Boruch999 on June 02, 2015, 05:51:19 PM
It's within 90 days and gives me this message: We are unable to honor your request for online access.

If you have a report #,  try this

https://www.experian.com/consumer/cac/InvalidateSession.do?code=DISPUTE
Title: Re: credit score
Post by: nobiggy on June 02, 2015, 05:54:00 PM
Thanks! Worked like magic.
Title: Re: credit score
Post by: TimT on June 02, 2015, 06:03:06 PM
Is amex's credit score for real? They are telling me my score stayed at 776 even though I had a hard pull over the last month. Or are hard pulls less then they are cranked up to be?
There are several things that factor in.
Title: Re: credit score
Post by: nobiggy on June 02, 2015, 06:05:01 PM
How do I get amex credit score?
Title: Re: credit score
Post by: yitrap on June 02, 2015, 06:07:50 PM
How do I get amex credit score?
It's being rolled out gradually, you can try chatting I don't recall anyone getting it though.
Title: Re: credit score
Post by: Mordyk on June 03, 2015, 10:42:09 AM
Just as a Quick note:

https://www.creditchecktotal.com/ Recently (This monthy) Started offering Fico Scores + Unlimited Credit Reports (All 3)

The Price on Site is 29.95 a Month -- but if you call in after 7 Days trial to cancel - you can get it for $15
this says processing and does continue to finish the checkout process
Title: Re: credit score
Post by: Centro on June 03, 2015, 12:23:47 PM
If I overdraft my checking account will it go on my report?
Title: Re: credit score
Post by: Centro on June 03, 2015, 07:22:30 PM
If I overdraft my checking account will it go on my report?
Bump.
Title: Re: credit score
Post by: caliheat on June 04, 2015, 11:03:03 AM
Bump.
I have not seen this appear on my credit report in the past
Title: Re: credit score
Post by: ChaimMoskowitz on June 04, 2015, 11:07:53 AM
If I overdraft my checking account will it go on my report?
If it goes anywhere it will be here: ChexSystems
Title: Re: credit score
Post by: ChaimMoskowitz on June 04, 2015, 11:08:37 AM
I see that i have a two credit pulls from the same bank/institution (Corelogic Credco) on the same day for an auto loan. One was initiated from the leasing company, the other car company. Can those be merged?
You can try but most likely not.
Title: Re: credit score
Post by: pixi on June 07, 2015, 04:57:14 PM
I forgot to pay off my CC balance before the billing cycle ended with  with a high balance,  my FICO score dropped 80 points,   is that normal?  Will it take long to go back up?
Title: Re: credit score
Post by: peacenlove613 on June 07, 2015, 05:18:55 PM
That's a lot what percent of your total credit limit
Title: Re: credit score
Post by: pixi on June 07, 2015, 05:20:06 PM
That's a lot what percent of your total credit limit
Almost %100
Title: Re: credit score
Post by: raphy781 on June 07, 2015, 05:43:18 PM
I forgot to pay off my CC balance before the billing cycle ended with  with a high balance,  my FICO score dropped 80 points,   is that normal?  Will it take long to go back up?
Yes. Should go up after they report your next balance (assuming you pay it off).
Title: Re: credit score
Post by: pixi on June 07, 2015, 05:44:29 PM
Yes. Should go up after they report your next balance (assuming you pay it off).
Okay.  I hope you are right.
Title: Re: credit score
Post by: YitzyS on June 09, 2015, 09:50:04 AM
Yes. Should go up after they report your next balance (assuming you pay it off).
+1
Title: Re: credit score
Post by: Thingywingy on June 10, 2015, 10:51:32 AM
I forgot where but it was mentioned on the forums that with some CC's you need a minimum of $5 charged for it to register a very low credit/debt utilization; less than that will be like there was no charge. Can anyone confirm which cards need $5 vs $.01?
Title: Re: credit score
Post by: ChaimMoskowitz on June 10, 2015, 10:53:26 AM
I forgot where but it was mentioned on the forums that with some CC's you need a minimum of $5 charged for it to register a very low credit/debt utilization; less than that will be like there was no charge. Can anyone confirm which cards need $5 vs $.01?
Most cards with $2 balance will report. AFAIK Discover might need $3.
Title: Re: credit score
Post by: nobiggy on June 10, 2015, 10:55:06 AM
I've seen $1 on my credit report on my Discover IT card IIRC.
Title: Re: credit score
Post by: ChaimMoskowitz on June 10, 2015, 10:57:04 AM
I've seen $1 on my credit report on my Discover IT card IIRC.
Discover More card would just drop my $1 balance. Not sure if they still do that.
Title: Re: credit score
Post by: nobiggy on June 10, 2015, 10:58:46 AM
I hear. I'll report back on the discover card when I can confirm it. Also how many cards should I have close with a $2 balance to get my score up without having to many cards with balances?
Title: Re: credit score
Post by: Thingywingy on June 10, 2015, 11:01:41 AM
What about Chase, Citi, Amex & Barclays?
Title: Re: credit score
Post by: ChaimMoskowitz on June 10, 2015, 11:05:05 AM
I hear. I'll report back on the discover card when I can confirm it. Also how many cards should I have close with a $2 balance to get my score up without having to many cards with balances?
One card and only one card with a $2 balance. This has been beat to death over at CB if you want to confirm.
Title: Re: credit score
Post by: ChaimMoskowitz on June 10, 2015, 11:05:35 AM
What about Chase, Citi, Amex & Barclays?
$2 should work for any of them.
Title: Re: credit score
Post by: Thingywingy on June 10, 2015, 11:15:28 AM
Pretty sure I read on DDF Chase needs $5.
Title: Re: credit score
Post by: ChaimMoskowitz on June 10, 2015, 11:16:35 AM
Pretty sure I read on DDF Chase needs $5.
Pretty sure if someone posted that then they are wrong.  :)
Title: Re: credit score
Post by: Thingywingy on June 10, 2015, 11:24:02 AM
Found it!
Most banks will just credit you the money and not even charge you if the statement balance is under $1. And also some banks don't report a balance to bureaus unless there's $5 on the statement.
This has been my experience with Chase, take a look at your own reports to see if your experience is different.
D93 wanna chime in?
Title: Re: credit score
Post by: efflpetzel on June 12, 2015, 02:23:51 AM

One card and only one card with a $2 balance.
whats the logic behind that? Why carry the $2 only on one card
Title: Re: credit score
Post by: ChaimMoskowitz on June 12, 2015, 02:32:03 AM
whats the logic behind that? Why carry the $2 only on one card
Check out CB if you want the low down. It is fully documented over there. Their research shows that one card only with a $2 balance will give you the biggest boost in your FICO. Most of the time it is only a few points.
Title: Re: credit score
Post by: pixi on June 12, 2015, 10:53:47 AM
Check out CB if you want the low down. It is fully documented over there. Their research shows that one card only with a $2 balance will give you the biggest boost in your FICO. Most of the time it is only a few points.
I have a few cards,  should I just leave a $2 balance on just one card and all other CC's I should pay it off in full, or leave a $2 ballance on all of them?
Title: Re: credit score
Post by: etech0 on June 12, 2015, 10:55:46 AM
I have a few cards,  should I just leave a $2 balance on just one card and all other CC's I should pay it off in full, or leave a $2 ballance on all of them?
$2 on one card
Title: Re: credit score
Post by: rileywiles23 on June 12, 2015, 10:57:06 AM

I have a few cards,  should I just leave a $2 balance on just one card and all other CC's I should pay it off in full, or leave a $2 ballance on all of them?
Did you even read CM's post ?!?! It clearly states......
one card only with a $2 balance will give you the biggest boost in your FICO.
Title: Re: credit score
Post by: pixi on June 12, 2015, 10:57:39 AM
$2 on one card
Not sure where I red it,  but in one of dans posts he recommended that you should keep a small balance on all cards. 
Title: Re: credit score
Post by: etech0 on June 12, 2015, 10:59:03 AM
Not sure where I red it,  but in one of dans posts he recommended that you should keep a small balance on all cards.
I'm not the expert... but read this thread: http://forums.dansdeals.com/index.php?topic=49416.0
Title: Re: credit score
Post by: TimT on June 12, 2015, 11:40:21 AM
Not sure where I red it,  but in one of dans posts he recommended that you should keep a small balance on all cards.
You're good either way. It's a few point difference, that's all.
Title: Re: credit score
Post by: pixi on June 12, 2015, 11:41:34 AM
You're good either way. It's a few point difference, that's all.
I thought that it isn't good to keep a cc with a $0 balance.  I guess I am wrong
Title: Re: credit score
Post by: TimT on June 12, 2015, 12:04:05 PM
I thought that it isn't good to keep a cc with a $0 balance.  I guess I am wrong
But remember, this $2 on 1 card discussion is only good if all the other cards are 0 balance.
Title: Re: credit score
Post by: srap on June 16, 2015, 05:23:37 PM
I have a few cards,  should I just leave a $2 balance on just one card and all other CC's I should pay it off in full, or leave a $2 ballance on all of them?
If you keep a $2 balance on all cards, it will count as a NEGATIVE to your score since you will be owing on 100% of your cards!  Yes, this happened to me. 

This is why
One card and only one card with a $2 balance. This has been beat to death over at CB if you want to confirm.
Title: Re: credit score
Post by: mord1 on June 18, 2015, 03:16:08 PM
If you keep a $2 balance on all cards, it will count as a NEGATIVE to your score since you will be owing on 100% of your cards!  Yes, this happened to me. 

This is why
So the maskanah is?
$2 on 1 card and the rest 0- gives you the biggest boost?
Title: Re: credit score
Post by: TimT on June 18, 2015, 03:19:49 PM
So the maskanah is?
$2 on 1 card and the rest 0- gives you the biggest boost?
Yes. And if you have a $2 balance on every card you're also fine.
Title: Re: credit score
Post by: mord1 on June 18, 2015, 04:40:58 PM
Yes. And if you have a $2 balance on every card you're also fine.
cool thanks
Title: Re: credit score
Post by: avrumy22 on June 22, 2015, 04:51:54 PM
can find the link to check credit score for free. can someone point me to it? TIA.
Title: Re: credit score
Post by: TimT on June 22, 2015, 05:04:20 PM
Certain cards offer it. in your online account
Title: Re: credit score
Post by: avrumy22 on June 22, 2015, 05:08:03 PM
Certain cards offer it. in your online account

Anywhere else? I know how to get the report. I would like to see an actual score.
Title: Re: credit score
Post by: ChaimMoskowitz on June 22, 2015, 05:12:08 PM
Anywhere else? I know how to get the report. I would like to see an actual score.
Experian has it for $1 but remember to cancel.

http://www.experian.com/
Title: Re: credit score
Post by: coralsnake on June 22, 2015, 05:13:36 PM
Experian has it for $1 but remember to cancel.

http://www.experian.com/
Virtual credit card #?
Title: Re: credit score
Post by: ChaimMoskowitz on June 22, 2015, 05:15:27 PM
Virtual credit card #?
You can but why not just cancel in a day or two. Not a big deal to do.
Title: Re: credit score
Post by: avrumy22 on June 22, 2015, 05:19:12 PM
You can but why not just cancel in a day or two. Not a big deal to do.
Experian has it for $1 but remember to cancel.

http://www.experian.com/

worked great. thanks. now I am looking how to cancel....
Title: Re: credit score
Post by: Emkay on June 22, 2015, 05:26:18 PM
Experian has it for $1 but remember to cancel.

http://www.experian.com/
Isn't that fako?
Title: Re: credit score
Post by: yuguy on June 22, 2015, 05:26:32 PM
worked great. thanks. now I am looking how to cancel....

Every time I've had to PUTPAC to cancel
Title: Re: credit score
Post by: ChaimMoskowitz on June 22, 2015, 05:28:38 PM
Isn't that fako?
Now get your FICO Score and Experian credit report for $1
Title: Re: credit score
Post by: srap on July 01, 2015, 04:22:32 AM
I got an instant approval for a credit card application at 11:45pm, 6/30th.  When will the pull be dated, 6/30th or 7/1st?  (In the past it took 1 1/2 hours to process, but it was not instant.)
Title: Re: credit score
Post by: D93 on July 01, 2015, 06:23:06 AM
I got an instant approval for a credit card application at 11:45pm, 6/30th.  When will the pull be dated, 6/30th or 7/1st?
Probably 6/30
Quote
(In the past it took 1 1/2 hours to process, but it was not instant.)
Impossible, pulls are INSTANT.

What bank? And where did you check to see when the pull showed up?
Title: Re: credit score
Post by: ChaimMoskowitz on July 01, 2015, 07:07:12 AM
And where did you check to see when the pull showed up?
Unless it was directly from the CRA it is meaningless.
Title: Re: credit score
Post by: D93 on July 01, 2015, 07:17:44 AM
Unless it was directly from the CRA it is meaningless.
Exactly why i asked.
Title: Re: credit score
Post by: ChaimMoskowitz on July 01, 2015, 07:19:56 AM
Exactly why i asked.
I know that is why I added the additional comment. You know what they say about great minds.  :)
Title: Re: credit score
Post by: D93 on July 01, 2015, 07:24:22 AM
I know that is why I added the additional comment. You know what they say about great minds.  :)
:)
Title: Re: credit score
Post by: srap on July 01, 2015, 10:16:52 AM
Probably 6/30Impossible, pulls are INSTANT.

What bank? And where did you check to see when the pull showed up?
In the past it was either Chase or Amex who told me directly when their pull was dated.  Based on that I thought pulls took time and pictured the 6/30 timeclock for the deadline, but hoped I'd have a full 7/1 day to do an AOR.

This belongs in the dumb mistakes thread then.
Title: Re: credit score
Post by: D93 on July 01, 2015, 12:35:59 PM
In the past it was either Chase or Amex who told me directly when their pull was dated.  Based on that I thought pulls took time and pictured the 6/30 timeclock for the deadline, but hoped I'd have a full 7/1 day to do an AOR.

This belongs in the dumb mistakes thread then.
Maybe instead of relying on some phone rep, check your report yourself to see when the pull is actually from?

What does having a pull from 1 bank yesterday have to do with you applying for a different bank today?
Title: Re: credit score
Post by: srap on July 01, 2015, 12:37:37 PM
Maybe instead of relying on some phone rep, check your report yourself to see when the pull is actually from?

What does having a pull from 1 bank yesterday have to do with you applying for a different bank today?
Nothing except trying to get the system down so all the pulls will collapse on the same day if possible.
Title: Re: credit score
Post by: D93 on July 01, 2015, 12:39:40 PM
Nothing except trying to get the system down so all the pulls will collapse on the same day if possible.

2 pulls from 2 different banks will NEVER "collapse"
Title: Re: credit score
Post by: srap on July 01, 2015, 01:11:21 PM
2 pulls from 2 different banks will NEVER "collapse"
Got it.  I'll suffice with from same bank then.
Title: Re: credit score
Post by: shoobi on July 01, 2015, 09:36:53 PM
Cmiiw but why does is it a big deal if it pulls on 6/30 or 7/1?
Title: Re: credit score
Post by: username on July 01, 2015, 11:26:40 PM
When an institution does multiple pulls on the same day, they can roll into one pull.
Title: Re: credit score
Post by: nobiggy on July 02, 2015, 09:29:00 AM
When an institution does multiple pulls on the same day, they can roll into one pull.

It's Automatically?
Title: Re: credit score
Post by: coralsnake on July 02, 2015, 09:49:57 AM
It's Automatically?
Yes
Title: Re: credit score
Post by: srap on July 02, 2015, 10:15:52 AM
When an institution does multiple pulls on the same day, they can roll into one pull.
Which means it is good to do same institution applications in an AOR the same day, but what about applications from different institutions? If it is for sure that they can instantly see other banks' pulls on the credit report, then what is the sense of an AOR?

Is it that it is not instant?
Title: Re: credit score
Post by: Marco Polo on July 02, 2015, 10:44:07 AM
Which means it is good to do same institution applications in an AOR the same day, but what about applications from different institutions? If it is for sure that they can instantly see other banks' pulls on the credit report, then what is the sense of an AOR?

Is it that it is not instant?
It is more so one can keep track of pulls easier. If all pulls are on one day, makes your next AOR easier to plan.
Title: Re: credit score
Post by: srap on July 02, 2015, 11:51:20 AM
It is ore so one can keep track of pulls easier. If all pulls are on one day, makes your next AOR easier to plan.
?   also?
Title: Re: credit score
Post by: etech0 on July 02, 2015, 11:55:03 AM
?   also?
more?
Title: Re: credit score
Post by: Marco Polo on July 02, 2015, 12:12:50 PM
?   also?
more?
I think it was more.
Title: Re: credit score
Post by: nobiggy on July 02, 2015, 01:03:15 PM
Is there any benefits/disadvantages in keeping my Experian frozen once I froze it to apply for a cc and I have no need to unfreeze it for another few months?
Title: Re: credit score
Post by: Mendy1414 on July 02, 2015, 05:03:47 PM
I hope I'm posting in the right place! I did a 2BM for one biz and one personal from chase, I see the 2 pulls on my Experian report, can I merge them in to one pull? and if so how would I go about that?
Title: Re: credit score
Post by: D93 on July 02, 2015, 05:04:51 PM
I hope I'm posting in the right place! I did a 2BM for one biz and one personal from chase, I see the 2 pulls on my Experian report, can I merge them in to one pull? and if so how would I go about that?
No
Title: Re: credit score
Post by: Mendy1414 on July 02, 2015, 05:06:58 PM
thanks
Title: Re: credit score
Post by: ChaimMoskowitz on July 02, 2015, 05:09:38 PM
If it is for sure that they can instantly see other banks' pulls on the credit report, then what is the sense of an AOR?
Some are still stuck in 2007.  ;)
Title: Re: credit score
Post by: srap on July 02, 2015, 05:33:43 PM
Some are still stuck in 2007.  ;)
If this were really the case, it would take a lot of pressure off in trying to get all the applications and offers in line before making the BIG AOR.

How long is the 'immediate' logging of inquiries on a credit report?  Seconds? Minutes?
Do we have time to make another application at a different bank and have it be automatically computer approved without the previous inquiry being seen?
Title: Re: credit score
Post by: D93 on July 02, 2015, 05:35:57 PM
If this were really the case, it would take a lot of pressure off in trying to get all the applications and offers in line before making the BIG AOR.
this is REALLY the case.

Quote
How long is the 'immediate' logging of inquiries on a credit report?  Seconds? Minutes?
Neither, instant means instant, as in milliseconds.
Title: Re: credit score
Post by: etech0 on July 02, 2015, 05:40:37 PM
this is REALLY the case.
Neither, instant means instant, as in milliseconds.
what if you have 2 computers,  and click submit on  2 apps at the same time?
Title: Re: credit score
Post by: ChaimMoskowitz on July 02, 2015, 05:53:49 PM
If they are from the same FI go ahead and do a x/BM. There is no downside. For an AOR you can take your time during the day.
Title: Re: credit score
Post by: D93 on July 02, 2015, 06:01:27 PM
If they are from the same FI go ahead and do a x/BM. There is no downside.

And no gain either.
Title: Re: credit score
Post by: ChaimMoskowitz on July 02, 2015, 06:04:18 PM
And no gain either.
Some believe it might you give you a better chance of instant approvals. I did a 2/bm with Amex and they were both instant approvals. Was it because of the 2/bm or would it happen anyway?
Title: Re: credit score
Post by: D93 on July 02, 2015, 06:05:57 PM
Some believe it might you give you a better chance of instant approvals.
YOU are starting to become a believer in x/BM?  :o :o

Quote
I did a 2/bm with Amex and they were both instant approvals. Was it because of the 2/bm or would it happen anyway?

The latter.
Title: Re: credit score
Post by: ChaimMoskowitz on July 02, 2015, 06:19:42 PM
YOU are starting to become a believer in x/BM?  :o :o
No just if I am not 100% sure and no downside, why not use it?
Title: Re: credit score
Post by: srap on July 03, 2015, 12:24:09 AM
If they are from the same FI go ahead and do a x/BM. There is no downside. For an AOR you can take your time during the day.
Why even the same day if different banks?
Title: Re: credit score
Post by: ChaimMoskowitz on July 03, 2015, 12:30:27 AM
Why even the same day if different banks?
AOR's started with doing multiple apps at the same time or firing one off after another. You can spread them out over days but is that an AOR? Also if you spread them out over days you want to make sure no FI's report the new accounts right away.
Title: Re: credit score
Post by: srap on July 03, 2015, 12:41:06 AM
AOR's started with doing multiple apps at the same time or firing one off after another. You can spread them out over days but is that an AOR? Also if you spread them out over days you want to make sure no FI's report the new accounts right away.
Got it.   Thanks for all the words :o ;D     
What is FI?
Title: Re: credit score
Post by: ChaimMoskowitz on July 03, 2015, 12:43:13 AM
FI = Financial Institution
Title: Re: credit score
Post by: noturbizniss on July 03, 2015, 12:56:01 AM
The other advantage, as I understand it, to AOR from multiple FIs, is that while they all see the other pulls, the new accounts can take a few days to show up. Sometimes. Some banks, like barclays, put a non trivial weighting on number of new accounts, so if you can get the apps in before the new accounts register on your report it might give you a better chance.
Title: Re: credit score
Post by: srap on July 03, 2015, 01:14:43 AM
Thank you for your answers.
Title: Re: credit score
Post by: BOOKY on July 30, 2015, 10:36:30 PM
i haven't checked my credit report or score probably for 3 years, where is the best place to check? should i do a credit report or check my credit score?

sorry, i don't have time now reading this whole tread
Title: Re: credit score
Post by: TimT on July 30, 2015, 10:46:40 PM
i haven't checked my credit report or score probably for 3 years, where is the best place to check? should i do a credit report or check my credit score?

sorry, i don't have time now reading this whole tread
Certain cards offer the score for free. You could check the report from annualcreditreport.com or a number of other places.
Title: Re: credit score
Post by: maxie m on July 30, 2015, 10:54:34 PM
 when applying for a store card does that affect your credit score the same way as a regular cc, meaning when applying for a new cc afterwards will recon or whoever, view it differently?
Title: Re: credit score
Post by: TimT on July 30, 2015, 11:00:01 PM
when applying for a store card does that affect your credit score the same way as a regular cc, meaning when applying for a new cc afterwards will recon or whoever, view it differently?
Its a credit pull. If it's a capital one card, it's 3 pulls.
Title: Re: credit score
Post by: maxie m on July 30, 2015, 11:06:03 PM
Its a credit pull. If it's a capital one card, it's 3 pulls.
shoot, so if i got a store cc which I don't care for (not beneficial) and possibly detrimental for future apps any way to dispute it
Title: Re: credit score
Post by: nobiggy on July 30, 2015, 11:07:09 PM
shoot, so if i got a store cc which I don't care for (not beneficial) and possibly detrimental for future apps any way to dispute it
No, you applied for it.
Don't worry it's only 1 pull.
Title: Re: credit score
Post by: TimT on July 30, 2015, 11:08:06 PM
shoot, so if i got a store cc which I don't care for (not beneficial) and possibly detrimental for future apps any way to dispute it
Why's it detrimental ?
Title: Re: credit score
Post by: maxie m on July 30, 2015, 11:10:34 PM
No, you applied for it.
Don't worry it's only 1 pull.
I applied for two amexs about two weeks ago(spg,plat personal) now I got a biz plat offer without the language and was hoping to use it, this shouldn't mess it up right
Title: Re: credit score
Post by: maxie m on July 30, 2015, 11:11:24 PM
Why's it detrimental ?
too many pulls over all plus my recent ones?
Title: Re: credit score
Post by: nobiggy on July 30, 2015, 11:11:37 PM
I applied for two amexs about two weeks ago(spg,plat personal) now I got a biz plat offer without the language and was hoping to use it, this shouldn't mess it up right
Don't worry Amex churns out approvals daily :D
Title: Re: credit score
Post by: maxie m on July 30, 2015, 11:14:17 PM
Its a credit pull. If it's a capital one card, it's 3 pulls.
Don't worry Amex churns out approvals daily :D
I hear, thanks :)
Title: Re: credit score
Post by: BOOKY on July 30, 2015, 11:53:52 PM
Certain cards offer the score for free. You could check the report from annualcreditreport.com or a number of other places.

thanks i got my reports for free

is there a way now to check my credit score for free?
Title: Re: credit score
Post by: BOOKY on July 31, 2015, 12:04:23 AM
another question does http://freecreditreport.com give you the credit score or only the report?

if i checked now with anualcreditreports.com can i check again with Freecreditreport.com?
Title: Re: credit score
Post by: coralsnake on July 31, 2015, 12:05:55 AM
another question does http://freecreditreport.com give you the credit score or only the report?
Theres a reason it's not called freecreditscore.com
Title: Re: credit score
Post by: BOOKY on July 31, 2015, 12:06:56 AM
Theres a reason it's not called freecreditscore.com

so can you please tell me how i can get my fico score?
Title: Re: credit score
Post by: nobiggy on July 31, 2015, 12:18:14 AM
so can you please tell me how i can get my fico score?
http://www.dansdeals.com/index.php?s=fico+score

Read up a bit.
Title: Re: credit score
Post by: BOOKY on July 31, 2015, 12:22:02 AM
http://www.dansdeals.com/index.php?s=fico+score

Read up a bit.
thanks i did it by freedreditscore.com
Title: Re: credit score
Post by: coralsnake on July 31, 2015, 12:41:31 AM
thanks i did it by freedreditscore.com
From freecreditscore.com:

Quote
Lenders and insurers use several different credit scoring models so don't be surprised if your lender gives you a score that's different from the PLUS Score. Just remember that your associated risk level is often the same even if the number is not. For some consumers however, the risk assessment of a PLUS Score could vary, sometimes substantially, from a lender´s score. If the lender's score is lower than your PLUS Score, it is possible that this difference can lead to higher interest rates and sometimes credit denial
Title: Re: credit score
Post by: etech0 on July 31, 2015, 12:42:36 PM
so can you please tell me how i can get my fico score?
Get a Chase Slate card, a Discover card, or a Barclay card
Title: Re: credit score
Post by: coralsnake on July 31, 2015, 07:36:00 PM
Get a Chase Slate card, a Discover card, a Barclay card or a Citi card.
FTFY
Title: Re: credit score
Post by: 12HRS on August 01, 2015, 09:46:38 PM
FTFY

some are getting through amex as well
Title: Re: credit score
Post by: coralsnake on August 01, 2015, 09:50:43 PM
some are getting through amex as well
So I've heard
Title: Re: credit score
Post by: etech0 on August 02, 2015, 11:20:13 PM
So I've heard
+1

Which CB does Citi give?
Title: Re: credit score
Post by: D93 on August 02, 2015, 11:20:43 PM
+1

Which CB does Citi give?
EQ
Title: Re: credit score
Post by: etech0 on August 02, 2015, 11:37:18 PM
EQ
nice!

is it targeted (like amex), or does everyone get it?
Title: Re: credit score
Post by: coralsnake on August 02, 2015, 11:58:51 PM
nice!

is it targeted (like amex), or does everyone get it?
Everyone.
Title: Re: credit score
Post by: upside down on August 04, 2015, 10:24:22 PM
i see on my credit report on credit karma, there is a listed address that i have never seen before. Is there a way to remove it? Is this something that can be a related to identity theft?
Title: Re: credit score
Post by: nobiggy on August 04, 2015, 10:33:26 PM
i see on my credit report on credit karma, there is a listed address that i have never seen before. Is there a way to remove it? Is this something that can be a related to identity theft?
Sure just call up the CB.
Title: Re: credit score
Post by: Yhgfkj on August 10, 2015, 01:05:29 PM
Amax rolled out today the credit score for a lot of people,
Title: Re: credit score
Post by: Hidden on August 10, 2015, 01:50:27 PM
Amax rolled out today the credit score for a lot of people,
Where can I see it?
Title: Re: credit score
Post by: benjie1305 on August 10, 2015, 01:51:03 PM
Where can I see it?

Here (http://www.doctorofcredit.com/american-express-now-offering-free-experian-fico-scores-to-more-all-cardholders/)
Title: Re: credit score
Post by: etech0 on August 10, 2015, 02:05:26 PM
Here (http://www.doctorofcredit.com/american-express-now-offering-free-experian-fico-scores-to-more-all-cardholders/)
not for me :(
Title: Re: credit score
Post by: Hidden on August 10, 2015, 02:10:02 PM
Here (http://www.doctorofcredit.com/american-express-now-offering-free-experian-fico-scores-to-more-all-cardholders/)
Thanks
Title: Re: credit score
Post by: Luvtotravel on August 10, 2015, 02:16:55 PM
yup. got it. tx
Title: Re: credit score
Post by: benjie1305 on August 10, 2015, 02:18:51 PM
not for me :(

Same goes for me + DW :(
Title: Re: credit score
Post by: TimT on August 10, 2015, 04:46:22 PM
Amax rolled out today the credit score for a lot of people,
High time
Title: Re: credit score
Post by: PETERP on August 10, 2015, 05:05:09 PM
Thanks
Title: Re: credit score
Post by: ShlockDoc on August 10, 2015, 05:54:21 PM
Amax rolled out today the credit score for a lot of people,

Where do I find it?
Title: Re: credit score
Post by: TimT on August 10, 2015, 05:57:05 PM
Where do I find it?
Here (http://www.doctorofcredit.com/american-express-now-offering-free-experian-fico-scores-to-more-all-cardholders/)
Title: Re: credit score
Post by: benjie1305 on August 10, 2015, 05:57:38 PM

Here (http://www.doctorofcredit.com/american-express-now-offering-free-experian-fico-scores-to-more-all-cardholders/)
Where do I find it?
Title: Re: credit score
Post by: ShlockDoc on August 10, 2015, 06:01:05 PM
Thanks. I guess it's still YMMV after today's push because I'm not seeing it..
Title: Re: credit score
Post by: TimT on August 10, 2015, 06:02:06 PM
Thanks. I guess it's still YMMV after today's push because I'm not seeing it..
correct
Title: Re: credit score
Post by: yochiek93 on August 10, 2015, 08:14:21 PM
Is it possible to see it on the mobile app?
Title: Re: credit score
Post by: benjie1305 on August 10, 2015, 08:38:32 PM
My bad, it is there. I found it on the right hand side once I click into a given card. Nice!
Title: Re: credit score
Post by: philbenjoe on August 10, 2015, 08:42:19 PM
Is it possible to see it on the mobile app?
don't think so. I just tried the mobile site and it worked.
Title: Re: credit score
Post by: yochiek93 on August 10, 2015, 08:45:33 PM
don't think so. I just tried the mobile site and it worked.
Huh!
Title: Re: credit score
Post by: philbenjoe on August 11, 2015, 08:40:31 AM
On the mobile APP it did NOT work however using my mobile browser to access the Amex site I was able to get my score.
Title: Re: credit score
Post by: yochiek93 on August 12, 2015, 05:14:02 PM
On the mobile APP it did NOT work however using my mobile browser to access the Amex site I was able to get my score.
oh thanx
Title: Re: credit score
Post by: Yitzshpitz on August 13, 2015, 01:09:12 AM
My bad, it is there. I found it on the right hand side once I click into a given card. Nice!

Ya it seems to only show me FICO when I have a specific credit card selected but not for others. But nice new feature ( diff than my citi and barclays scores btw)
Title: Re: credit score
Post by: yochiek93 on August 13, 2015, 02:22:48 AM
Ya it seems to only show me FICO when I have a specific credit card selected but not for others. But nice new feature ( diff than my citi and barclays scores btw)
yes it is, its taken from experian while citi gives your equifax and barclays your transunion
Title: Re: credit score
Post by: etech0 on August 13, 2015, 11:01:26 AM
Ya it seems to only show me FICO when I have a specific credit card selected but not for others. But nice new feature ( diff than my citi and barclays scores btw)
Which card?
Title: Re: credit score
Post by: benjie1305 on August 13, 2015, 11:04:04 AM
Which card?

In my account it seems to be turned on. By that I mean that all my cards under my login have it. Under my wifes login, none of the cards have it.
Title: Re: credit score
Post by: Yitzshpitz on August 13, 2015, 11:39:00 AM
Which card?

Only my Everyday pref card had the option to see FICO score
Title: Re: credit score
Post by: etech0 on August 13, 2015, 12:09:56 PM
Only my Everyday pref card had the option to see FICO score
not mine :(
Title: Re: credit score
Post by: TimT on August 13, 2015, 12:12:56 PM
not mine :(
+1. I went through every last card. Nothing. Are they manually putting it on to everyone's accounts ?
Title: Re: credit score
Post by: Yitzshpitz on August 13, 2015, 12:16:12 PM
+1. I went through every last card. Nothing. Are they manually putting it on to everyone's accounts ?

It showed up for me about a week ago on one card but many have not seen it...this whole thing is strange
Title: Re: credit score
Post by: yochiek93 on August 13, 2015, 12:18:34 PM
It showed up for me about a week ago on one card but many have not seen it...this whole thing is strange
amex said they are rolling it out slowly but it will get to everyone.
Title: Re: credit score
Post by: TimT on August 13, 2015, 12:20:14 PM
amex said they are rolling it out slowly but it will get to everyone.
Its strange that it has to be rolled out slowly & can't just become available at once to everybody.
Title: Re: credit score
Post by: yochiek93 on August 13, 2015, 12:24:06 PM
Its strange that it has to be rolled out slowly & can't just become available at once to everybody.
couldn't agree more!!!!!
Title: Re: credit score
Post by: Ydad on August 13, 2015, 12:25:45 PM
I had it on all my cards till a week ago. Now I'm seeing the old site and the credit score is gone!
Title: Re: credit score
Post by: yuguy on August 13, 2015, 12:47:41 PM
Its strange that it has to be rolled out slowly & can't just become available at once to everybody.

True, but Chase did this with their Slate product as well.
Title: Re: credit score
Post by: username on August 13, 2015, 03:21:02 PM
Is it typical for there to be a 15 point difference between my experian (AMEX) and Equifax (CITI) scores?
Equifax is higher.
Title: Re: credit score
Post by: a mirrer on August 13, 2015, 03:27:19 PM
Is it typical for there to be a 15 point difference between my experian (AMEX) and Equifax (CITI) scores?
Equifax is higher.
1.citis is the enhanced bankcard version with a high of 900 instead of 850
2. most probably ex has more pulls then eq (my eq for example is clean while my ex has 14 pulls)
Title: Re: credit score
Post by: ChaimMoskowitz on August 13, 2015, 03:29:17 PM
1.citis is the enhanced bankcard version with a high of 900 instead of 850
2. most probably ex has more pulls then eq (my eq for example is clean while my ex has 14 pulls)
How many points you think your 14 pulls are costing you?
Title: Re: credit score
Post by: a mirrer on August 13, 2015, 03:34:50 PM
How many points you think your 14 pulls are costing you?
my ex is 751 and eq is 767 from their respective sites
Title: Re: credit score
Post by: Dr Moose on August 13, 2015, 03:35:02 PM
Can someone explain to me the whole thing about why pulls are regarding so highly among us consumers?

If you get approved for the card, any other bank will see that you got more credit cards whether or not there's a pull. And they'll tell you "you're aggressively seeking new credit."
Title: Re: credit score
Post by: Marco Polo on August 13, 2015, 03:36:25 PM
Can someone explain to me the whole thing about why pulls are regarding so highly among us consumers?

If you get approved for the card, any other bank will see that you got more credit cards whether or not there's a pull. And they'll tell you "you're aggressively seeking new credit."
Someone can CMIIW, but banks that pull different CB's may just be looking at pulls and focusing on that.
Title: Re: credit score
Post by: @Yehuda on August 13, 2015, 03:36:56 PM
Can someone explain to me the whole thing about why pulls are regarding so highly among us consumers?

If you get approved for the card, any other bank will see that you got more credit cards whether or not there's a pull. And they'll tell you "you're aggressively seeking new credit."
Because if you don't get approved for the card, they still see that you're aggressively seeking new credit.
Title: Re: credit score
Post by: ChaimMoskowitz on August 13, 2015, 03:37:03 PM
Pulls are overrated but do affect your score.
Title: Re: credit score
Post by: ChaimMoskowitz on August 13, 2015, 03:39:34 PM
Someone can CMIIW, but banks that pull different CB's may just be looking at pulls and focusing on that.
True but CB (Creditboards) seems to believe that you are not denied for to many pulls. Now someone will post they received a letter stating they were denied for to many pulls.
Title: Re: credit score
Post by: Dr Moose on August 13, 2015, 03:41:45 PM
I am always told it's because too many recent open accounts, never because the amount of pulls I have.
Title: Re: credit score
Post by: Dr Moose on August 13, 2015, 03:43:43 PM
Pulls are overrated but do affect your score.
I'm not arguing that they don't affect your score. I just think they're a bit overrated here.

Because if you don't get approved for the card, they still see that you're aggressively seeking new credit.
That I can understand. However if you're not getting approved with recon, you're not playing the game right.
Title: Re: credit score
Post by: unclesam on August 13, 2015, 03:45:43 PM
If I close some cards will the average account age go up. Or it also includes closed accounts?
Title: Re: credit score
Post by: ChaimMoskowitz on August 13, 2015, 03:46:47 PM
I'm arguing that they don't affect your score.
Then you will need to use AV's math.  :P
Title: Re: credit score
Post by: ChaimMoskowitz on August 13, 2015, 03:47:29 PM
If I close some cards will the average account age go up. Or it also includes closed accounts?
Also includes closed accounts.
Title: Re: credit score
Post by: Marco Polo on August 13, 2015, 03:48:27 PM
Also includes closed accounts.
For the 10 years it is on the report.
Title: Re: credit score
Post by: ChaimMoskowitz on August 13, 2015, 03:49:38 PM
For the 10 years it is on the report.
Some are longer.
Title: Re: credit score
Post by: unclesam on August 13, 2015, 03:53:20 PM
Also includes closed accounts.
thanks. My score dropped like 25 points I believe its the new accounts and the pulls
Title: Re: credit score
Post by: foseph on August 13, 2015, 03:58:06 PM
looking at my report and my chase ink plus is showing up as a credit inquiry on my experian one. thought it didnt show up on the personal credit report/score...or is that only the spending doesnt get reported each month?
Title: Re: credit score
Post by: unclesam on August 13, 2015, 03:58:57 PM
For the 10 years it is on the report.
10 years is a long time. Next time I'll think twice before opening 4 Alaska cards
Title: Re: credit score
Post by: a mirrer on August 13, 2015, 03:59:05 PM
looking at my report and my chase ink plus is showing up as a credit inquiry on my experian one. thought it didnt show up on the personal credit report/score...or is that only the spending doesnt get reported each month?
that
Title: Re: credit score
Post by: ChaimMoskowitz on August 13, 2015, 04:03:15 PM
looking at my report and my chase ink plus is showing up as a credit inquiry on my experian one. thought it didnt show up on the personal credit report/score...or is that only the spending doesnt get reported each month?
The card and spending does get report but will if you default.
Title: Re: credit score
Post by: foseph on August 13, 2015, 04:13:25 PM
The card and spending does get report but will if you default.
that
kk thanks
Title: Re: credit score
Post by: Dr Moose on August 13, 2015, 05:12:59 PM
Then you will need to use AV's math.  :P
I missed a word, fixed.
Title: Re: credit score
Post by: maxie m on August 13, 2015, 05:19:16 PM
Pulls are overrated but do affect your score.
citi just shut all of dw's  cc due to too many pulls
Title: Re: credit score
Post by: ChaimMoskowitz on August 13, 2015, 10:55:14 PM
citi just shut all of dw's  cc due to too many pulls
Most likely not the real reason.
Title: Re: credit score
Post by: Marco Polo on August 14, 2015, 07:52:20 AM
citi just shut all of dw's  cc due to too many pulls
Most likely not the real reason.
Likely ^^. What was she using the cards for?
Title: Re: credit score
Post by: CS91 on August 18, 2015, 10:00:03 AM
Not sure if this is the correct thread to ask this, but having a tough time getting a pull removed from my Transunion report. Basically went to a car dealership, and when I gave them my social etc., I told them that I didn't want them to pull my credit score until they gave me the monthly rate and I decided if I was interested or not. The saleswoman agreed not to pull it, and next thing I know I'm back from the test drive and they've already pulled it. I called Transunion, and they said that I need a letter of deletion from the merchant. I called the dealership and they didn't want to give me one (they claim I authorized them to run it), so Transunion said that the only way for me to get the pull removed is by filing a police report. Is this really the only way or is this something that I HUCA? Really want the pull removed but not really interested in the hassle of filing a report...
Title: Re: credit score
Post by: Marco Polo on August 18, 2015, 10:07:21 AM
Not sure if this is the correct thread to ask this, but having a tough time getting a pull removed from my Transunion report. Basically went to a car dealership, and when I gave them my social etc., I told them that I didn't want them to pull my credit score until they gave me the monthly rate and I decided if I was interested or not. The saleswoman agreed not to pull it, and next thing I know I'm back from the test drive and they've already pulled it. I called Transunion, and they said that I need a letter of deletion from the merchant. I called the dealership and they didn't want to give me one (they claim I authorized them to run it), so Transunion said that the only way for me to get the pull removed is by filing a police report. Is this really the only way or is this something that I HUCA? Really want the pull removed but not really interested in the hassle of filing a report...
Why would the dealership care to give a letter?
Title: Re: credit score
Post by: CS91 on August 18, 2015, 10:16:02 AM
Why would the dealership care to give a letter?

Because they're super stubborn. I tried reasoning with them and explaining to them that the saleswoman that I dealt with doesn't have a firm grasp on the English language and they just won't budge. I even told them that if they don't give it to me that I'll file a report and still no dice.
Title: Re: credit score
Post by: Marco Polo on August 18, 2015, 10:22:33 AM
Because they're super stubborn. I tried reasoning with them and explaining to them that the saleswoman that I dealt with doesn't have a firm grasp on the English language and they just won't budge. I even told them that if they don't give it to me that I'll file a report and still no dice.
If the pull means a lot to you and may affect your applications, just file a claim.
Title: Re: credit score
Post by: CS91 on August 18, 2015, 11:59:44 AM
If the pull means a lot to you and may affect your applications, just file a claim.

But is it going to turn into a whole pressing charges situation? Because that will just be a PITA to deal with...
Title: Re: credit score
Post by: Marco Polo on August 18, 2015, 12:00:20 PM
But is it going to turn into a whole pressing charges situation? Because that will just be a PITA to deal with...
You can probably call and ask the station what is involved.
Title: Re: credit score
Post by: Labeled1 on August 18, 2015, 01:04:19 PM
As of 08/14/15, my Amex account did not have the FICO Score option. I logged in this morning & there it was. Those of you still looking for it may wish to try once more today.
Title: Re: credit score
Post by: yochiek93 on August 18, 2015, 01:15:00 PM
As of 08/14/15, my Amex account did not have the FICO Score option. I logged in this morning & there it was. Those of you still looking for it may wish to try once more today.
Thanx
Title: Re: credit score
Post by: sruli1234 on August 18, 2015, 01:17:45 PM
As of 08/14/15, my Amex account did not have the FICO Score option. I logged in this morning & there it was. Those of you still looking for it may wish to try once more today.

Thanks, I just got it!
Title: Re: credit score
Post by: AJK on August 25, 2015, 12:05:11 PM
Just reviewed relative's Credit Karma's EQ score and it dropped 40 points since last update (7 days ago), but nothing has changed for the negative on the reports between this week and last AFAICT.

#confused
Title: Re: credit score
Post by: benjie1305 on August 25, 2015, 12:08:07 PM
Just reviewed relative's Credit Karma's EQ score and it dropped 40 points since last update (7 days ago), but nothing has changed for the negative on the reports between this week and last AFAICT.

#confused

Maybe something from the past just hit? A pull from a few weeks ago? AUs? Balance?
Title: Re: credit score
Post by: ChaimMoskowitz on August 25, 2015, 12:10:32 PM
#confused
It is CK so need I say more.
Title: Re: credit score
Post by: AJK on August 25, 2015, 12:17:04 PM
Maybe something from the past just hit? A pull from a few weeks ago? AUs? Balance?

Nope, hasn't been any real activity in terms of churning or spending. Nor any AUs added.

It is CK so need I say more.

I guess that's a bit comforting, but it still disturbs me when I see this:

(https://i.gyazo.com/061dab76bc0b030997a2e942bbc83404.png)

Espcially if, presumably, CK is using the same algorithm between weeks.
Title: Re: credit score
Post by: AJK on August 25, 2015, 12:19:14 PM
I wish CK showed a comparison between reports as to what changed so that I could tell for sure it was based on them on not based on the report.

The only thing I see that are different is:

The balance of an auto loan went DOWN by $200

Two CC's reported a balance of 71 and $108.

Can't have caused that massive drop unless I'm missing something else.
Title: Re: credit score
Post by: noturbizniss on August 25, 2015, 12:27:06 PM
I wish CK showed a comparison between reports as to what changed so that I could tell for sure it was based on them on not based on the report.

The only thing I see that are different is:

The balance of an auto loan went DOWN by $200

Two CC's reported a balance of 71 and $108.

Can't have caused that massive drop unless I'm missing something else.
On mine it shows changes since last report if you scroll down on the overview page.
Title: Re: credit score
Post by: caliheat on August 25, 2015, 12:28:50 PM
Just reviewed relative's Credit Karma's EQ score and it dropped 40 points since last update (7 days ago), but nothing has changed for the negative on the reports between this week and last AFAICT.

#confused
I have seen this happen consistently on my CK.
I've had 100 point down 80 points up etc. which regardless should never happen.
As a reference: January 717, February 617, March 761, April 753, May 697, June 766
Title: Re: credit score
Post by: ChaimMoskowitz on August 25, 2015, 01:11:06 PM
The balance of an auto loan went DOWN by $200

Two CC's reported a balance of 71 and $108.

Can't have caused that massive drop unless I'm missing something else.
I know you might think I am being flip but this is CK. If you have no CC's reporting a balance and now two that might be it.

Check this out. Just pulled CK and my balances went up by 24k. TU went up 19 and EQ 1. Maybe I should carry 100k in balances.  :)
Title: Re: credit score
Post by: noturbizniss on August 25, 2015, 01:39:09 PM
I know you might think I am being flip but this is CK. If you have no CC's reporting a balance and now two that might be it.

Check this out. Just pulled CK and my balances went up by 24k. TU went up 19 and EQ 1. Maybe I should carry 100k in balances.  :)
And my score went down 70 points when one card added 65% utilization.
Bonus points for whoever gets the below... (no peeking at the link)

(https://anonamos3021.files.wordpress.com/2014/09/island-of-conclusions.jpeg)
Title: Re: credit score
Post by: Marco Polo on August 25, 2015, 01:39:40 PM
And my score went down 70 points when one card added 65% utilization.
Bonus points for whoever gets the below...

(http://www.lpl.arizona.edu/~bcohen/phantom_tollbooth/conc.gif)
Is that the tollbooth book?
Title: Re: credit score
Post by: noturbizniss on August 25, 2015, 01:40:10 PM
Is that the tollbooth book?
Bonus points!!! Jumping to conclusions
Title: Re: credit score
Post by: ChaimMoskowitz on August 25, 2015, 01:50:23 PM
Had no idea so I cheated.  :-[
Title: Re: credit score
Post by: AJK on August 25, 2015, 04:54:03 PM
On mine it shows changes since last report if you scroll down on the overview page.

That's where I got the above from... but that wouldn't have caused a 40 point drop AFAIK.

I have seen this happen consistently on my CK.
I've had 100 point down 80 points up etc. which regardless should never happen.
As a reference: January 717, February 617, March 761, April 753, May 697, June 766

Good to know this person is not the only one, assuming you didn't have large changes in your CR.

I know you might think I am being flip but this is CK. If you have no CC's reporting a balance and now two that might be it.

Check this out. Just pulled CK and my balances went up by 24k. TU went up 19 and EQ 1. Maybe I should carry 100k in balances.  :)

Ha, it's just weird. Seems like something funky with their algorithm.
Title: Re: credit score
Post by: caliheat on August 27, 2015, 03:11:20 PM
Good to know this person is not the only one, assuming you didn't have large changes in your CR.
I can tell you, nothing serious enough to warrant so many spikes and dips..
Title: Re: credit score
Post by: noturbizniss on August 27, 2015, 03:19:08 PM
I posted this in the credit karma thread, but i think it's worthwhile to repost here and I might add to wiki. Clearly there is minimal correlation betwean real FICO and Credit Karma.
(https://farm1.staticflickr.com/682/20939412351_9576507cde_z.jpg)
Title: Re: credit score
Post by: Chapshnell on August 27, 2015, 03:34:12 PM
credit karma is good to pickup c"v bad issues on your CR. No idea how they make up the score per person. not even close to being accurate
Title: Re: credit score
Post by: noturbizniss on August 27, 2015, 03:40:06 PM
credit karma is good to pickup c"v bad issues on your CR. No idea how they make up the score per person. not even close to being accurate
+100. As you can see from the FICO charts above even with the new AU cards coming in between November and May  the score went down very little. I actually called to get them removed becuase I saw the CK score drop and becuase my AAOA went down. 
The question is, with a score in the area of 800, would a lender still be worried about so many new accounts and AAOA being low?
Title: Re: credit score
Post by: nobiggy on August 27, 2015, 04:03:15 PM
is credit karma accurate in general? I opened 3 personal charge cards from AMEX 2 months ago and it hasn't showed up yet.
Title: Re: credit score
Post by: Chapshnell on August 27, 2015, 04:05:32 PM
+100. As you can see from the FICO charts above even with the new AU cards coming in between November and May  the score went down very little. I actually called to get them removed becuase I saw the CK score drop and becuase my AAOA went down. 
The question is, with a score in the area of 800, would a lender still be worried about so many new accounts and AAOA being low?

Barclays doesnt care about your score when you have a zillion new accts. Chase is close but not as strict
Title: Re: credit score
Post by: noturbizniss on August 27, 2015, 04:23:57 PM
Barclays doesnt care about your score when you have a zillion new accts. Chase is close but not as strict
I know. I actually got denied new credit from barclays because of the new au accounts.
I was actually referring to mortgage lenders or finances for cars and the like.
Title: Re: credit score
Post by: caliheat on August 27, 2015, 09:15:38 PM
I know. I actually got denied new credit from barclays because of the new au accounts.
I was actually referring to mortgage lenders or finances for cars and the like.
IME with both mortgage and cars, they look more for any active disputes, continued carried balances or other open balances.
Although everything gets taken into consideration as a whole, especially when it comes to mortgage lenders.
Title: Re: credit score
Post by: noturbizniss on August 27, 2015, 10:00:31 PM
Perhaps the reason my score didn't go down too much was becuase my total credit limit tripled or so with all the "new" accounts.
Title: Re: credit score
Post by: Marco Polo on August 28, 2015, 08:30:17 AM
Perhaps the reason my score didn't go down too much was becuase my total credit limit tripled or so with all the "new" accounts.
Could be.
Title: Re: credit score
Post by: jameswacht on August 30, 2015, 04:34:40 PM
is it a problem to have a large balance on your statement when its a personal charge card? does it count towards the percentage of credit line use?
Title: Re: credit score
Post by: PETERP on August 30, 2015, 05:29:23 PM
is it a problem to have a large balance on your statement when its a personal charge card? does it count towards the percentage of credit line use?



Yes .it becomes a% of your utilization
rate . But does not mean it's a
problem if small % of total CL
Title: Re: credit score
Post by: noturbizniss on August 31, 2015, 06:41:08 AM
is it a problem to have a large balance on your statement when its a personal charge card? does it count towards the percentage of credit line use?
It's good in the long run as the cl of a charge card is the highest balance reported. So let a 25k balance post and you've essentially added a 25k cl
Title: Re: credit score
Post by: PETERP on August 31, 2015, 02:29:35 PM
It's good in the long run as the cl of a charge card is the highest balance reported. So let a 25k balance post and you've essentially added a 25k cl

I have intentionally maxed out one of my cards over the years for this reason . But 1 card out of approx 18 cards that I had at the time.
Title: Re: credit score
Post by: jameswacht on September 01, 2015, 09:21:18 PM
Yes .it becomes a% of your utilization
rate . But does not mean it's a
problem if small % of total CL
I have a 100k cl how bad will the effect be on my credit score if I max out completely for one statement?
Title: Re: credit score
Post by: Brian93 on September 01, 2015, 09:32:16 PM
I have a 100k cl how bad will the effect be on my credit score if I max out completely for one statement?
+1 same question
Title: Re: credit score
Post by: caliheat on September 01, 2015, 09:42:02 PM
I have a 100k cl how bad will the effect be on my credit score if I max out completely for one statement?
I've seen it drop between 60-100 points.
Title: Re: credit score
Post by: jameswacht on September 01, 2015, 09:45:29 PM
I've seen it drop between 60-100 points.
Does it have a long term effect? If I keep a low credit utilization for the subsequent months will the effect be repaired? Is it as bad as a late payment that stays for a long time on your CR?
Title: Re: credit score
Post by: TimT on September 01, 2015, 09:46:52 PM
Does it have a long term effect? If I keep a low credit utilization for the subsequent months will the effect be repaired? Is it as bad as a late payment that stays for a long time on your CR?
When you pay it up it goes back up. Using your CL is not the same as a late payment.
Title: Re: credit score
Post by: jameswacht on September 01, 2015, 09:48:56 PM
When you pay it up it goes back up.
So your saying there is Np having large balances on your statement as long as you pay it up? Than what's the difference between payment on time and low credit utilization which are the 2 big factors effecting ones credit?
Title: Re: credit score
Post by: TimT on September 01, 2015, 09:51:50 PM
So your saying there is Np having large balances on your statement as long as you pay it up? Than what's the difference between payment on time and low credit utilization which are the 2 big factors effecting ones credit?
Low utilization keeps your score high. Having large balances when the statement prints hurts the score, even if you pay it up by the due date.
Title: Re: credit score
Post by: Brian93 on September 01, 2015, 09:54:33 PM
Low utilization keeps your score high. Having large balances when the statement prints hurts the score, even if you pay it up by the due date.
But how long will it stay low if you pay it off right away?
Title: Re: credit score
Post by: jameswacht on September 01, 2015, 09:55:25 PM
Low utilization keeps your score high. Having large balances when the statement prints hurts the score, even if you pay it up by the due date.
So if it hurts your credit to carry large balances what does it take to rectify that? I'm able to make a few thousand dollars off a deal by maxing out my cl is it worth it?
Title: Re: credit score
Post by: AJK on September 01, 2015, 09:57:20 PM
Nope, hasn't been any real activity in terms of churning or spending. Nor any AUs added.

I guess that's a bit comforting, but it still disturbs me when I see this:

(https://i.gyazo.com/061dab76bc0b030997a2e942bbc83404.png)

Espcially if, presumably, CK is using the same algorithm between weeks.

And now, a week later, we're back  ::)

(https://i.gyazo.com/f5a258c4fa93a2231a64e833ec6ba19f.png)
Title: Re: credit score
Post by: TimT on September 01, 2015, 10:03:42 PM
So if it hurts your credit to carry large balances what does it take to rectify that? I'm able to make a few thousand dollars off a deal by maxing out my cl is it worth it?
Paying it off rectifies it. I personally haven't tried it but people have reported it going back up the next month. (I don't remember if it went up all the way the next month or slowly)
Title: Re: credit score
Post by: jameswacht on September 01, 2015, 10:05:11 PM
Paying it off rectifies it. I personally haven't tried it but people have reported it going back up the next month. (I don't remember if it went up all the way the next month or slowly)
Thanks for your help! Looks like to max out one month ain't too big a deal
Title: Re: credit score
Post by: TimT on September 01, 2015, 10:08:38 PM
Thanks for your help! Looks like to max out one month ain't too big a deal
I'm not sure if maxing out 100k is the same as maxing out 10k or not. An expert in maxing out will need to chime in on that one. :)
Do you need to do it all on 1 card ? Can't you divide that 100k up between a bunch of cards ?
Title: Re: credit score
Post by: jameswacht on September 01, 2015, 10:13:24 PM
I'm not sure if maxing out 100k is the same as maxing out 10k or not. An expert in maxing out will need to chime in on that one. :)
Do you need to do it all on 1 card ? Can't you divide that 100k up between a bunch of cards ?
My 100k cl is amongst all my cards together. Credit utilization from my understanding doesn't work based off individual accounts it's calculated based off your total cl among all your accounts. Correct me of I'm wrong
Title: Re: credit score
Post by: TimT on September 01, 2015, 10:14:12 PM
My 100k cl is amongst all my cards together. Credit utilization from my understanding doesn't work based off individual accounts it's calculated based off your total cl among all your accounts. Correct me of I'm wrong
it goes according to each card's CL & total CL.
Title: Re: credit score
Post by: TimT on September 01, 2015, 10:16:00 PM
Aha. Ok here comes the follow up question. Is it a big deal to max out both?
A big deal ? It'll knock the score down. And the banks might not like it too much
Title: Re: credit score
Post by: jameswacht on September 01, 2015, 10:17:15 PM
A big deal ? It'll knock the score down.
for how long if u keep the credit utilization low?
Title: Re: credit score
Post by: noturbizniss on September 01, 2015, 10:18:28 PM
for how long if u keep the credit utilization low?
Yes, but again if you pay off the balance and the next statement closes with no balance then your good to go.
Title: Re: credit score
Post by: TimT on September 01, 2015, 10:20:04 PM
Yes, but again if you pay off the balance and the next statement closes with no balance then your good to go.
Any difference if its a 5k CL or 500k CL that was maxed ?
Title: Re: credit score
Post by: noturbizniss on September 01, 2015, 10:52:57 PM
Any difference if its a 5k CL or 500k CL that was maxed ?
Iinm it's the percentage. Anyone with knowledge?
Title: Re: credit score
Post by: caliheat on September 02, 2015, 02:36:32 AM
Does it have a long term effect? If I keep a low credit utilization for the subsequent months will the effect be repaired? Is it as bad as a late payment that stays for a long time on your CR?
IME, the score doesn't just go back after a subsequent payment, it can take a few months to get back to square one.
Title: Re: credit score
Post by: ChaimMoskowitz on September 02, 2015, 02:36:00 PM
And now, a week later, we're back  ::)

(https://i.gyazo.com/f5a258c4fa93a2231a64e833ec6ba19f.png)
CK is 100% useless. How can I phrase this so everyone understands?  :)
Title: Re: credit score
Post by: ChaimMoskowitz on September 02, 2015, 02:38:21 PM
Paying it off rectifies it. I personally haven't tried it but people have reported it going back up the next month. (I don't remember if it went up all the way the next month or slowly)
It is now believed it takes many months to get back to its original level. Most of it will be recovered immediately when paid off.

Didn't see this:
IME, the score doesn't just go back after a subsequent payment, it can take a few months to get back to square one.
Title: Re: credit score
Post by: noturbizniss on September 02, 2015, 02:42:28 PM
CK is 100% useless. How can I phrase this so everyone understands?  :)
I think most of us understand, and really use it only for viewing the report. However it is still a gut punch to see a huge drop in a score, even when we all know it is meaningless. Hell, if Dan ever gets around to implementing a tool that actually calculates your DansDeals Poppyseed® FAKO score (http://forums.dansdeals.com/index.php?topic=46544.msg961373#msg961373) we will likely have the same reaction.
Title: Re: credit score
Post by: TimT on September 02, 2015, 03:19:36 PM
It is now believed it takes many months to get back to its original level. Most of it will be recovered immediately when paid off.
Thanks for the data point. Do you know the answer to this ?
Any difference if its a 5k CL or 500k CL that was maxed ?
Title: Re: credit score
Post by: ChaimMoskowitz on September 02, 2015, 03:20:47 PM
Thanks for the data point. Do you know the answer to this ?
No.
Title: Re: credit score
Post by: Hamavin on September 06, 2015, 04:01:01 PM
How bad is it to close a statement with 16k out of 18k used? should I make myself nuts to payoff before statement closes?...its a barclay card..
Title: Re: credit score
Post by: benjie1305 on September 06, 2015, 04:04:40 PM
How bad is it to close a statement with 16k out of 18k used? should I make myself nuts to payoff before statement closes?...its a barclay card..

Card doesnt matter. Its still 89% utilization on that card.
Title: Re: credit score
Post by: Hamavin on September 06, 2015, 04:05:31 PM
89% utilization is very bad?
Title: Re: credit score
Post by: TimT on September 06, 2015, 04:09:44 PM
89% utilization is very bad?
High utilization is not good for the score.
Title: Re: credit score
Post by: Hamavin on September 06, 2015, 04:12:33 PM
Oish even if pay in full before due date?
Title: Re: credit score
Post by: TimT on September 06, 2015, 04:13:00 PM
Oish even if pay in full before due date?
It goes according to when the statement prints.
Title: Re: credit score
Post by: PETERP on September 06, 2015, 04:16:40 PM
High utilization is not good for the score.

How much of your total CL across all banks is it ?
Title: Re: credit score
Post by: ChaimMoskowitz on September 06, 2015, 04:18:45 PM
I often have cards maxed out. Depending on your credit file it might not be that big of a deal.
Title: Re: credit score
Post by: PETERP on September 06, 2015, 04:20:22 PM
I often have cards maxed out. Depending on your credit file it might not be that big of a deal.

+1. If done right can help .
Title: Re: credit score
Post by: Josef.koney on September 06, 2015, 04:29:30 PM
I often have cards maxed out. Depending on your credit file it might not be that big of a deal.

+1. If done right can help .
Could you explain?
Title: Re: credit score
Post by: PETERP on September 06, 2015, 04:50:50 PM
Could you explain?

I have way over 150k total CL and occasionally
max out one of my cards . I started this game with
A 757 credit score and I bounce between
780 and 825 nowadays
Title: Re: credit score
Post by: DMYD on September 06, 2015, 05:03:28 PM
I also max out my cards, it is bad for now but will be much higher after, banks see that you owed 200k+ a month and pad it back every month so that's a good thing.
Title: Re: credit score
Post by: Hamavin on September 06, 2015, 07:50:37 PM
I also max out my cards, it is bad for now but will be much higher after, banks see that you owed 200k+ a month and pad it back every month so that's a good thing.
Gotcha but how long do you havta wait? Also what percent is no prob...under 50 percent?
Title: Re: credit score
Post by: TimT on September 06, 2015, 08:03:45 PM
The higher the utilization the more it affects the score.
Title: Re: credit score
Post by: Hamavin on September 06, 2015, 08:06:54 PM
Gotcha but do you think if I leave it at %90 utilization it will be worth it in 6 months?
Title: Re: credit score
Post by: TimT on September 06, 2015, 08:09:16 PM
Define "worth it".  It'll take a hit, when you pay it up it starts going up again.
Title: Re: credit score
Post by: Hamavin on September 06, 2015, 08:14:19 PM
Sorry what I meant was will it go higher then originally?
Title: Re: credit score
Post by: Ydad on September 16, 2015, 10:09:24 PM
Hope this is the right thread. I applied for two amex cards 4 days ago one was approved and one was pending. Called amex today to get the second one approved. Now I checked my credit report and they pulled my credit again. Is there anything to do about this? Or I gotta eat the second pull...
Title: Re: credit score
Post by: Chapshnell on September 16, 2015, 11:02:43 PM
Hope this is the right thread. I applied for two amex cards 4 days ago one was approved and one was pending. Called amex today to get the second one approved. Now I checked my credit report and they pulled my credit again. Is there anything to do about this? Or I gotta eat the second pull...

call the CB & tell them its a duplicate.. have them remove it
Title: Re: credit score
Post by: Ydad on September 16, 2015, 11:04:07 PM
call the CB & tell them its a duplicate.. have them remove it
And they will do that even four days apart? Great! Thanks!
Title: Re: credit score
Post by: ChaimMoskowitz on September 17, 2015, 12:25:48 AM
call the CB & tell them its a duplicate.. have them remove it
You can get it removed without lying.
Title: Re: credit score
Post by: Centro on September 17, 2015, 12:34:45 AM
You can get it removed without lying.
Why post without elaborating?
Title: Re: credit score
Post by: ChaimMoskowitz on September 17, 2015, 12:40:12 AM
Why post without elaborating?
If someone posts 2+3=6 and I say that is wrong you expect me to elaborate?
Title: Re: credit score
Post by: PETERP on September 17, 2015, 02:17:49 AM
You can get it removed without lying.

Would you kindly elaborate. I had similar situation , and would appreciate easiest resolution.
Title: Re: credit score
Post by: ChaimMoskowitz on September 17, 2015, 02:21:47 AM
Would you kindly elaborate. I had similar situation , and would appreciate easiest resolution.
Tell them you applied for a CC and they pulled your credit report twice. Can they please delete one of them.
Title: Re: credit score
Post by: PETERP on September 17, 2015, 02:30:18 AM
Tell them you applied for a CC and they pulled your credit report twice. Can they please delete one of them.

Even though it was two cards? Cool !
Title: Re: credit score
Post by: ChaimMoskowitz on September 17, 2015, 02:37:19 AM
Even though it was two cards? Cool !
Remember ever card you apply for with amex gets a credit pull. If you apply for ten cards they pull your credit ten times. So the card in question had two hard pulls for the one card.
Title: Re: credit score
Post by: noturbizniss on September 17, 2015, 09:24:48 AM
Remember ever card you apply for with amex gets a credit pull. If you apply for ten cards they pull your credit ten times. So the card in question had two hard pulls for the one card.
please elaborate on the concept of a credit pull.  :P
Title: Re: credit score
Post by: ChaimMoskowitz on September 17, 2015, 09:38:44 AM
please elaborate on the concept of a credit pull.  :P
Ask tomorrow!
Title: Re: credit score
Post by: Ydad on September 17, 2015, 09:45:24 AM
call the CB & tell them its a duplicate.. have them remove it
Thanx @chapshnell. Just called Experian. Totally painless, 3 minute phone call and they removed it!
Title: Re: credit score
Post by: Ydad on September 17, 2015, 09:49:28 AM
Tell them you applied for a CC and they pulled your credit report twice. Can they please delete one of them.
How is that different from a duplicate credit pull? By the way that's exactly what I told them, "I applied for a credit card and it seems they pulled my credit twice", and they removed it.
Title: Re: credit score
Post by: ChaimMoskowitz on September 17, 2015, 09:59:22 AM
How is that different from a duplicate credit pull? By the way that's exactly what I told them, "I applied for a credit card and it seems they pulled my credit twice", and they removed it.
Saying it was duplicate is not being honest. Saying they pulled twice for the same card is exactly what happened. You ended up getting it removed without having to lie.
Title: Re: credit score
Post by: etech0 on September 17, 2015, 10:02:26 AM
Saying it was duplicate is not being honest. Saying they pulled twice for the same card is exactly what happened. You ended up getting it removed without having to lie.
Didn't he say it was two cards?
Title: Re: credit score
Post by: Ydad on September 17, 2015, 10:05:11 AM
Didn't he say it was two cards?
Yes but I applied for both of them on the 12th and on the 16th they pulled again for the 2nd one. Maybe we should move this to the ethical thread...
Title: Re: credit score
Post by: ChaimMoskowitz on September 17, 2015, 10:07:52 AM
Didn't he say it was two cards?
Both cards received a pull on the 12th. The card in question received a second pull on the 16th.
Title: Re: credit score
Post by: etech0 on September 17, 2015, 10:16:26 AM
Both cards received a pull on the 12th. The card in question received a second pull on the 16th.
Aha
Title: Re: credit score
Post by: Ydad on September 17, 2015, 11:16:41 AM
Both cards received a pull on the 12th. The card in question received a second pull on the 16th.
I'm actually not %100 sure that is true. The second app showed up right away with a message to call for verification. Though you could argue that the pull had already been done for the first card so that essentially means that the second card "had" that pull.
Title: Re: credit score
Post by: TimT on September 17, 2015, 11:18:49 AM
I'm actually not %100 sure that is true. The second app showed up right away with a message to call for verification. Though you could argue that the pull had already been done for the first card so that essentially means that the second card "had" that pull.
If its pending its been pulled
Title: Re: credit score
Post by: Ydad on September 17, 2015, 11:20:07 AM
If its pending its been pulled
I see.
Title: Re: credit score
Post by: ChaimMoskowitz on September 17, 2015, 11:21:58 AM
I see.
This is why you always call the same day to get approved. The individual credit pulls will be merged into one by the CRA.
Title: Re: credit score
Post by: joshro on September 17, 2015, 02:00:52 PM

This is why you always call the same day to get approved. The individual credit pulls will be merged into one by the CRA.
Not so simple with multiple apps from Amex. I was told I have to wait 5 days for a decision on the second app.
Title: Re: credit score
Post by: ChaimMoskowitz on September 17, 2015, 02:51:40 PM
I was told I have to wait 5 days for a decision on the second app.
I was told that once also right before they approved the second BC card.
Title: Re: credit score
Post by: CS91 on September 17, 2015, 03:49:28 PM
Remember ever card you apply for with amex gets a credit pull. If you apply for ten cards they pull your credit ten times. So the card in question had two hard pulls for the one card.

Wait, so that means when I did a 3BM, they pulled my score 3 times, and unless I call to get them merged, there will be 3 pulls on my report?
Title: Re: credit score
Post by: TimT on September 17, 2015, 03:57:57 PM
Same day merges into 1 automatically
Title: Re: credit score
Post by: PETERP on September 17, 2015, 04:09:53 PM
Tell them you applied for a CC and they pulled your credit report twice. Can they please delete one of them.

Succinctly explained . Thanks
Title: Re: credit score
Post by: CS91 on September 17, 2015, 04:16:42 PM
Same day merges into 1 automatically

But if one of them was pending for a few days before approval, then that caused a 2nd pull, right?
Title: Re: credit score
Post by: ChaimMoskowitz on September 17, 2015, 04:18:26 PM
Same day merges into 1 automatically
...if they are coded exactly the same. IIRC a former member explained pretty clearly why this happens.
Title: Re: credit score
Post by: Ydad on September 17, 2015, 04:18:43 PM
But if one of them was pending for a few days before approval, then that caused a 2nd pull, right?
That's what happened by me, see upthread.
Title: Re: credit score
Post by: TimT on September 17, 2015, 04:19:11 PM
If it caused a 2nd pull you call & have it removed as discussed.
Title: Re: credit score
Post by: D93 on September 17, 2015, 04:30:38 PM
...if they are coded exactly the same. IIRC a former member explained pretty clearly why this happens.
FTFY
Title: Re: credit score
Post by: CS91 on September 18, 2015, 12:30:17 AM
If it caused a 2nd pull you call & have it removed as discussed.

Would Amex tell me how many pulls they did? I know they pulled from Experian so can't use Credit Karma to check how many pulls there were...
Title: Re: credit score
Post by: TimT on September 18, 2015, 12:32:11 AM
Would Amex tell me how many pulls they did? I know they pulled from Experian so can't use Credit Karma to check how many pulls there were...
Why not ?
Title: Re: credit score
Post by: CS91 on September 18, 2015, 12:08:20 PM
Why not ?

Which department is the right one to reach out to? I find that every time I call Amex, I get bounced from dept to dept.
Title: Re: credit score
Post by: ChaimMoskowitz on September 18, 2015, 12:51:59 PM
Would Amex tell me how many pulls they did? I know they pulled from Experian so can't use Credit Karma to check how many pulls there were...
Then use http://www.creditsesame.com/
Title: Re: credit score
Post by: CS91 on September 18, 2015, 01:05:26 PM
Then use http://www.creditsesame.com/

It says I need to pay for Experian. Only giving me Transunion...
Title: Re: credit score
Post by: ChaimMoskowitz on September 18, 2015, 01:09:37 PM
It says I need to pay for Experian. Only giving me Transunion...
You can sign up for free and it is a FACO EX score but it will tell you the amount of inquires.
Title: Re: credit score
Post by: David Smith on September 18, 2015, 01:11:45 PM
Anyone hear of IDprotect? I think I get it free from one of my banks, is it worth it to sign up?
Title: Re: credit score
Post by: CS91 on September 18, 2015, 01:18:38 PM
You can sign up for free and it is a FACO EX score but it will tell you the amount of inquires.

I signed up and all it's giving me is a score for Transunion, and for EX and EQ it's blocked and it's telling me to pay to get those scores.

Also, just called Amex and they said they did 3 pulls (I did a 3BM on 08/13 - two instantly approved, and the third was approved on 8/18). They said they pulled my score twice on 8/13 and then another time on 8/18 (one for each app). I asked them to delete two of them but they said no because there is always one pull for every app. Anyone else ever get this from them when they called?
Title: Re: credit score
Post by: ChaimMoskowitz on September 18, 2015, 01:21:03 PM
I signed up and all it's giving me is a score for Transunion, and for EX and EQ it's blocked and it's telling me to pay to get those scores.
Just pulled mine and it is EX.
Title: Re: credit score
Post by: PETERP on September 18, 2015, 01:53:57 PM
Just pulled mine and it is EX.

Using creditsesame.com ? 
Title: Re: credit score
Post by: Thingywingy on September 22, 2015, 01:45:01 PM
My Amex Fico is showing a 29 point higher score than on Barclays. Who's right?
Title: Re: credit score
Post by: PETERP on September 22, 2015, 01:47:38 PM
My Amex Fico is showing a 29 point higher score than on Barclays. Who's right?

Dates ?
Title: Re: credit score
Post by: Thingywingy on September 22, 2015, 01:56:17 PM
Amex is of 8/15
Barclay shows as of 8/27
Barclay chart shows my score improving since June, yet never reached the Amex score of 29 points above current Barclay score.
Title: Re: credit score
Post by: caliheat on September 22, 2015, 02:09:54 PM
My Amex Fico is showing a 29 point higher score than on Barclays. Who's right?
Amex is EX and Barclays is TU
Title: Re: credit score
Post by: Thingywingy on September 22, 2015, 02:19:26 PM
Amex is EX and Barclays is TU
That is the Credit agency they use when processing an application. If they are showing your "FICO" score, they should be the same on both.
Title: Re: credit score
Post by: PETERP on September 22, 2015, 02:39:57 PM
That is the Credit agency they use when processing an application. If they are showing your "FICO" score, they should be the same on both.

Assuming update on same date .
Title: Re: credit score
Post by: TimT on September 22, 2015, 03:08:46 PM
That is the Credit agency they use when processing an application. If they are showing your "FICO" score, they should be the same on both.
They have different methods of determining the score.
Title: Re: credit score
Post by: VintageWillow on September 22, 2015, 03:24:57 PM
It is also the CB they use to generate the FICO score.  You have a different FICO for each of the CB's since your reports are very rarely identical.  Amex uses EX for both applications and for their score tracker and Barclay's uses TU.
Title: Re: credit score
Post by: ChaimMoskowitz on September 22, 2015, 06:13:35 PM
That is the Credit agency they use when processing an application. If they are showing your "FICO" score, they should be the same on both.
There are many different flavors of FICO. Does all ice cream taste the same?  ;)
Title: Re: credit score
Post by: PETERP on September 22, 2015, 06:49:35 PM
There are many different flavors of FICO. Does all ice cream taste the same?  ;)

And on different days?  FICO Score is not a widget .
Title: Re: credit score
Post by: caliheat on September 22, 2015, 07:45:53 PM
That is the Credit agency they use when processing an application. If they are showing your "FICO" score, they should be the same on both.
-1
Title: Re: credit score
Post by: CS91 on September 24, 2015, 10:10:02 AM
Just called Amex and they said they did 3 pulls (I did a 3BM on 08/13 - two instantly approved, and the third was approved on 8/18). They said they pulled my score twice on 8/13 and then another time on 8/18 (one for each app). I asked them to delete two of them but they said no because there is always one pull for every app. Anyone else ever get this from them when they called?

BUMP
Title: Re: credit score
Post by: D93 on September 24, 2015, 10:16:02 AM
BUMP

Of course they make a separate inquiry for every card, but if it's all done on same day it will merge, so just check your report to see exactly how many inquires it shows.
Title: Re: credit score
Post by: CS91 on September 24, 2015, 10:21:27 AM
Of course they make a separate inquiry for every card, but if it's all done on same day it will merge, so just check your report to see exactly how many inquires it shows.

Ah, okay. So the 2 that we're approved on the same day should merge, and then I should call to get the pull from a few days later dropped. Right?
Title: Re: credit score
Post by: Ydad on September 24, 2015, 10:32:59 AM
Ah, okay. So the 2 that we're approved on the same day should merge, and then I should call to get the pull from a few days later dropped. Right?
Call Experian to get the pull removed, not Amex.
Title: Re: credit score
Post by: pixi on September 24, 2015, 11:35:50 AM
What's the reason when doing 2BM  it has to be different browsers?
Title: Re: credit score
Post by: David Smith on September 24, 2015, 11:38:45 AM
What's the reason when doing 2BM  it has to be different browsers?
So you can submit applications as close together as possible, to help instant approval chances, in my understanding.
Title: Re: credit score
Post by: pixi on September 24, 2015, 11:40:35 AM
So you can submit applications as close together as possible, to help instant approval chances, in my understanding.
I know,  I just want to know the reason why 2 browsers is better then opening 2 tabs in the same browser.
Title: Re: credit score
Post by: D93 on September 24, 2015, 11:40:49 AM
What's the reason when doing 2BM  it has to be different browsers?

It doesn't have to be
Title: Re: credit score
Post by: D93 on September 24, 2015, 11:41:10 AM
So you can submit applications as close together as possible, to help instant approval chances, in my understanding.

Nice theory, albeit made up.
Title: Re: credit score
Post by: pixi on September 24, 2015, 11:42:33 AM
It doesn't have to be
Well,  actually it does have to be 2 browsers,  the definition of 2BM  is 2 browser method.
Title: Re: credit score
Post by: David Smith on September 24, 2015, 11:43:03 AM
Nice theory, albeit made up.
Completely made up. I got that feeling from ddf. I got instant approvals with different and same browser's, so I have no clue.
Title: Re: credit score
Post by: pixi on September 24, 2015, 11:43:36 AM
Completely made up. I got that feeling from ddf. I got instant approvals with different and same browser's, so I have no clue.
All for the same bank?
Title: Re: credit score
Post by: pixi on September 24, 2015, 11:44:50 AM
I applied once for a few cc 2 of then was with the same browser It went pending  because it was duplicated application even though it was for 2 other cards.  I'm not sure this is the reason,  that's why  asking.
Title: Re: credit score
Post by: David Smith on September 24, 2015, 12:00:54 PM
Called up experian to remove duplicate pull. Quick and painless. Thanks for the assistance!
Title: Re: credit score
Post by: ChaimMoskowitz on September 24, 2015, 12:10:12 PM
Nice theory, albeit made up.
More like carry over because it did use to help.
Title: Re: credit score
Post by: etech0 on September 24, 2015, 12:14:30 PM
What's the reason when doing 2BM  it has to be different browsers?
From what I recall, it's so the apps don't get merged as duplicates
Title: Re: credit score
Post by: noturbizniss on September 24, 2015, 03:32:57 PM
What's the reason when doing 2BM  it has to be different browsers?
2 tabs in the same window share cookies so if yo hit next on one tab then next on the other, then go back to hit next on the first, the first will either return an error or submit the app from the second one.  as D93 said,the MBM method has consistentely been shown to have no impact on approving instant approvals
Title: Re: credit score
Post by: pixi on September 24, 2015, 03:34:41 PM
2 tabs in the same window share cookies so if yo hit next on one tab then next on the other, then go back to hit next on the first, the first will either return an error or submit the app from the second one.  as D93 said,the MBM method has consistentely been shown to have no impact on approving instant approvals
So useing the same browser on 2 different computers or so shouldn't  be a problem.  Right?
Title: Re: credit score
Post by: noturbizniss on September 24, 2015, 03:35:21 PM
So useing the same browser on 2 different computers or so shouldn't  be a problem.  Right?
shouldn't be.
Title: Re: credit score
Post by: Ydad on September 24, 2015, 03:35:37 PM
So useing the same browser on 2 different computers or so shouldn't  be a problem.  Right?
I have done that successfully
Title: Re: credit score
Post by: PETERP on September 24, 2015, 03:35:50 PM
2 tabs in the same window share cookies so if yo hit next on one tab then next on the other, then go back to hit next on the first, the first will either return an error or submit the app from the second one.  as D93 said,the MBM method has consistentely been shown to have no impact on approving instant approvals

The MBM method MAY have been helpful  5 years ago , but makes no difference nowadays.
Title: Re: credit score
Post by: pixi on September 24, 2015, 03:36:33 PM
The MBM method MAY have been helpful  5 years ago , but makes no difference nowadays.
Explain!
Title: Re: credit score
Post by: PETERP on September 24, 2015, 03:38:36 PM
Explain!

Technology was slower then , and there was different coding IME . Never got dupe application errors !
Title: Re: credit score
Post by: David Smith on September 24, 2015, 03:55:16 PM
So essentially, there is no point in trying to submit applications in as quick succession as possible. (Is credit application before charge application true?)
Title: Re: credit score
Post by: benjie1305 on September 24, 2015, 03:56:08 PM
So essentially, there is no point in trying to submit applications in as quick succession as possible. (Is credit application before charge application true?)

Correct.
Title: Re: credit score
Post by: pixi on September 24, 2015, 04:01:29 PM
So essentially, there is no point in trying to submit applications in as quick succession as possible. (Is credit application before charge application true?)
As long it's in the same day
Title: Re: credit score
Post by: ChaimMoskowitz on September 24, 2015, 04:02:27 PM
Don't forget the using a 2bm does not hurt anything. So with the small chance it might help then why not use it?
Title: Re: credit score
Post by: noturbizniss on September 24, 2015, 04:07:44 PM
Don't forget the using a 2bm does not hurt anything. So with the small chance it might help then why not use it?
since most of us rarely get instant approvals anymore, and mbm doesn't change those chances, my feeling is that it's easier on recon to only have one pending app to discuss then to have to call about 4. That MAY lead to more questions.
Title: Re: credit score
Post by: David Smith on September 24, 2015, 04:10:31 PM
since most of us rarely get instant approvals anymore, and mbm doesn't change those chances, my feeling is that it's easier on recon to only have one pending app to discuss then to have to call about 4. That MAY lead to more questions.
So apply on separate days?!? How are you avoiding pending apps? Btw amex still auto approves, no?
Title: Re: credit score
Post by: ChaimMoskowitz on September 24, 2015, 04:13:10 PM
since most of us rarely get instant approvals anymore, and mbm doesn't change those chances, my feeling is that it's easier on recon to only have one pending app to discuss then to have to call about 4. That MAY lead to more questions.
If I am applying for multiple cards how does doing a "bm" hurt? You want to call after each app?
Title: Re: credit score
Post by: noturbizniss on September 24, 2015, 04:16:13 PM
So apply on separate days?!? How are you avoiding pending apps? Btw amex still auto approves, no?
then you get multiple pulls.  idea is apply, get pending status, call recon get approved, rinse and repeat.so every call has only one pending application. Sure they may see you were just approved for others but hopefully that won't be asked. Is that worse than having 4 pending apps? I don't know.
When I last MBM'd over a year ago I called amex for 5 pending apps, and got approved by india for all 5 at once. so who knows.
Title: Re: credit score
Post by: noturbizniss on September 24, 2015, 04:17:07 PM
If I am applying for multiple cards how does doing a "bm" hurt? You want to call after each app?
yup. that's the theory i've seen floating around. Like I said above, I haven't applied in over a year, so the MBM logic was still strong then
Title: Re: credit score
Post by: pixi on September 24, 2015, 04:20:34 PM
since most of us rarely get instant approvals anymore.
we still do get instant approval,  you just gotta know how to play the game.
Title: Re: credit score
Post by: David Smith on September 24, 2015, 04:21:38 PM
then you get multiple pulls.  idea is apply, get pending status, call recon get approved, rinse and repeat.so every call has only one pending application. Sure they may see you were just approved for others but hopefully that won't be asked. Is that worse than having 4 pending apps? I don't know.
When I last MBM'd over a year ago I called amex for 5 pending apps, and got approved by india for all 5 at once. so who knows.
I was aware of the multiple pulls, that's why I was surprised. Reconsideration works instantly five times in one day? My last app was instant approved three out of four, and the fourth approved without calling five days later. The call to experian way probably faster than amex would have been. I don't even know if they can approve two cc's in five days.
Title: Re: credit score
Post by: ChaimMoskowitz on September 24, 2015, 04:22:41 PM
I did a 3bm and received 2 instant approvals. I can't know if the same thing would have happened if I did one at a time.
Title: Re: credit score
Post by: @Yehuda on September 24, 2015, 04:45:31 PM
I did a 3bm and received 2 instant approvals. I can't know if the same thing would have happened if I did one at a time.
From everything I've been reading, it made no difference. The computers don't get "tricked" because you click submit within 5 seconds of the last app.
Title: Re: credit score
Post by: noturbizniss on September 25, 2015, 09:20:10 AM
For the record I just checked credit karma, and my score went up 80 friggin points. I had utilization go from 67% on one card to 5% and also had a card opened in 1975 removed somehow from my report. Just goes to show you how FAKO it is.
Title: Re: credit score
Post by: ChaimMoskowitz on September 25, 2015, 09:23:33 AM
It case someone has missed this.

CK IS 100% USELESS!
Title: Re: credit score
Post by: noturbizniss on September 25, 2015, 09:30:30 AM
It case someone has missed this.

CK IS 100% 99% USELESS!
-1%
FTFY. It's good for seeing your credit report. The score is useless.
Title: Re: credit score
Post by: ChaimMoskowitz on September 25, 2015, 09:34:13 AM
-1%
FTFY. It's good for seeing your credit report. The score is useless.
I don't think you understood me correctly.
CK IS 100% USELESS!
ETA: Seeing your report is only useful if the report is accurate. This is not always the case with CK.
Title: Re: credit score
Post by: Sport on September 25, 2015, 09:36:04 AM
It case someone has missed this.

CK IS 100% USELESS!
+100 I have a +70 point discrepancy between ck and my fico.
Title: Credit Report for American Citizen Abroad
Post by: TorontoGuy on September 25, 2015, 12:24:58 PM
I am an ACA(American Citizen Abroad) and when I applied for my SSC (Social Securiy Card) I gave them my Canadian address. How can I get a credit report?
Title: Re: credit score
Post by: pixi on September 25, 2015, 12:51:51 PM
It case someone has missed this.

CK IS 100% USELESS!
The score they show isn't from TransUnion and Equifax?
Title: Re: credit score
Post by: ChaimMoskowitz on September 25, 2015, 12:53:41 PM
The score they show isn't from TransUnion and Equifax?
It is not a FICO score.
Title: Re: credit score
Post by: pixi on September 25, 2015, 12:56:40 PM
It is not a FICO score.
I know.  so you are telling me that the score TransUnion or Equifax gives are useless as well.  Right?
Title: Re: credit score
Post by: noturbizniss on September 25, 2015, 12:57:39 PM
I know.  so you are telling me that the score TransUnion or Equifax gives are useless as well.  Right?
no. The ones you get from the CB's are usually FICO scores. They'll say what they are.
Title: Re: credit score
Post by: ChaimMoskowitz on September 25, 2015, 12:58:16 PM
I know.  so you are telling me that the score TransUnion or Equifax gives are useless as well.  Right?
They both have FICO and FAKO scores. The FAKO scores like CK are useless.
Title: Re: credit score
Post by: David Smith on September 25, 2015, 01:40:35 PM
They both have FICO and FAKO scores. The FAKO scores like CK are useless.
Score is garbage, report can be helpful (although not 100%accurate always).
Title: Re: credit score
Post by: pixi on September 25, 2015, 01:43:09 PM
They both have FICO and FAKO scores. The FAKO scores like CK are useless.
So the scores what CK  gives isn't from TransUnion and Equifax even though they are saying it is?
Title: Re: credit score
Post by: ChaimMoskowitz on September 25, 2015, 01:46:31 PM
So the scores what CK  gives isn't from TransUnion and Equifax even though they are saying it is?
They are but FAKO's. They are based on your TU and EQ reports.
Title: Re: credit score
Post by: VintageWillow on September 25, 2015, 01:55:24 PM
The skores they give you are based on the information in your TU and EQ credit report.  The skore model they use is called Vantage.  The skores that the CRAs give are also FAKO unless you are using Credit Check Total or something like that that explicitly states that they are FICO scores.
Title: Re: credit score
Post by: pixi on September 25, 2015, 01:59:14 PM
The skores they give you are based on the information in your TU and EQ credit report.  The skore model they use is called Vantage.  The skores that the CRAs give are also FAKO unless you are using Credit Check Total or something like that that explicitly states that they are FICO scores.
Wellcom to DDF.  It's scores not skores
Title: Re: credit score
Post by: ChaimMoskowitz on September 25, 2015, 02:09:18 PM
Wellcom to DDF.  It's scores not skores
Focus on the substance not spell check.  ;)
Title: Re: credit score
Post by: pixi on September 25, 2015, 02:10:56 PM
Focus on the substance not spell check.  ;)
I guess your in a good mood today.  I still remember how you acted a while ago when someone didn't post with the proper grammar.
Title: Re: credit score
Post by: noturbizniss on September 25, 2015, 02:11:03 PM
Wellcom to DDF.  It's scores not skores
Th CK score is probably accurate to call a skore :-)
The skores they give you are based on the information in your TU and EQ credit report.  The skore model they use is called Vantage.  The skores that the CRAs give are also FAKO unless you are using Credit Check Total or something like that that explicitly states that they are FICO scores.
-1/3 (at least). With Ex when signing up for $1 trial they give FICO 8. I think TU and EQ also give it with trial
Title: Re: credit score
Post by: noturbizniss on September 25, 2015, 02:11:39 PM
I guess your you're in a good mood today.  I still remember how you acted a while ago when someone didn't post with the proper grammar.
FTFY
Title: Re: credit score
Post by: ChaimMoskowitz on September 25, 2015, 02:13:33 PM
I guess your in a good mood today.  I still remember how you acted a while ago when someone didn't post with the proper grammar.
You sure it was me? With my grammar I usually keep my mouth shut about that stuff.
Title: Re: credit score
Post by: pixi on September 25, 2015, 02:14:17 PM
FTFY
Title: Re: credit score
Post by: pixi on September 25, 2015, 02:16:57 PM
You sure it was me? With my grammar I usually keep my mouth shut about that stuff.
Pretty much.  If I remember good it was in the red card thread in the good old days
Title: Re: credit score
Post by: ChaimMoskowitz on September 25, 2015, 02:28:57 PM
Pretty much.  If I remember good it was in the red card thread in the good old days
Not saying you are wrong but a link would be nice to see why I took that route.
Title: Re: credit score
Post by: VintageWillow on September 25, 2015, 03:08:36 PM
I use the term "skore" when referring to a FAKO and "score" when referring to a FICO.  Helps me keep my dyslexic mind in order.
Title: Re: credit score
Post by: pixi on September 25, 2015, 03:10:05 PM
I use the term "skore" when referring to a FAKO and "score" when referring to a FICO.  Helps me keep my dyslexic mind in order.
Title: Re: credit score
Post by: jameswacht on September 29, 2015, 10:44:29 PM
if u call experian will they consolidate a few chase hard pulls that are a few days apart into one pull?
Title: Re: credit score
Post by: PETERP on September 29, 2015, 11:19:34 PM
Pretty much.  If I remember well,  good it was in the red card thread in the good old days
    FTFY  :)
Title: Re: credit score
Post by: noturbizniss on September 29, 2015, 11:21:37 PM
if u call experian will they consolidate a few chase hard pulls that are a few days apart into one pull?
Not if they were legit. If it was a cc app but they delayed it, then they may, but def not if you just ask.
Title: Re: credit score
Post by: tjak on October 07, 2015, 02:31:41 PM
https://www.experian.com/consumer/cac/InvalidateSession.do?code=DISPUTE

That's the link to get your EX report for free forever once you have a report number.

I'm looking for an appropriate wiki to put it in so I can easily find it when I need it.  Any ideas?
when I try using this I get this msg
Quote
We were unable to honor your request as you have exceeded the maximum number of views allowed for this report number. To order a new copy, visit annualcreditreport.com, experian.com/help or call 1 888 EXPERIAN.
did this work around come to an end?
Title: Re: credit score
Post by: Ydad on October 07, 2015, 02:58:31 PM
when I try using this I get this msg  did this work around come to an end?
That worked without having to check every ~90 days?
Title: Re: credit score
Post by: tjak on October 07, 2015, 02:59:20 PM

That worked without having to check every ~90 days?
No.
Title: Re: credit score
Post by: Ydad on October 07, 2015, 03:00:08 PM
Then try www.Experian.com/view
Title: Re: credit score
Post by: noturbizniss on October 07, 2015, 04:09:23 PM
Then try www.Experian.com/view
those all seem to be dead.
Title: credit score
Post by: Ydad on October 07, 2015, 05:35:59 PM
those all seem to be dead.
As far as experian goes you can always claim you had a credit denial within the last 60 days. They don't check the length of time... But I don't know about the ethics of that..
Title: Re: credit score
Post by: CS91 on October 07, 2015, 05:52:56 PM
Just realized that Chase pulled TU and EX for a single application. Is this normal, or should I get one of them removed?
Title: Re: credit score
Post by: D93 on October 07, 2015, 06:32:20 PM
Just realized that Chase pulled TU and EX for a single application. Is this normal, or should I get one of them removed?
Which state?
Title: Re: credit score
Post by: CS91 on October 07, 2015, 07:04:57 PM
Which state?

I live in PA.
Title: Re: credit score
Post by: D93 on October 07, 2015, 07:07:07 PM
I live in PA.

It's normal for Chase to pull TU and EX.
Title: Re: credit score
Post by: TimT on October 07, 2015, 07:09:56 PM
I live in PA.
http://forums.dansdeals.com/index.php?topic=6373.0
See wiki
Title: Re: credit score
Post by: ChaimMoskowitz on October 07, 2015, 07:30:21 PM
As far as experian goes you can always claim you had a credit denial within the last 60 days. They don't check the length of time... But I don't know about the ethics of that..
If your ethics think it is OK to lie if this situation then go for it.  :)
Title: Re: credit score
Post by: CS91 on October 07, 2015, 07:58:18 PM
http://forums.dansdeals.com/index.php?topic=6373.0
See wiki

It's normal for Chase to pull TU and EX.

Got it. Thanks!
Title: Re: credit score
Post by: yochiek93 on October 07, 2015, 08:18:55 PM
As far as experian goes you can always claim you had a credit denial within the last 60 days. They don't check the length of time... But I don't know about the ethics of that..
for that we have an ethics (http://forums.dansdeals.com/index.php?topic=12784.2070) thread without reading through it im sure this question was asked.
Title: Re: credit score
Post by: tjak on October 08, 2015, 09:52:46 PM

As far as experian goes you can always claim you had a credit denial within the last 60 days. They don't check the length of time... But I don't know about the ethics of that..
Does it need to be a denial? I'm reading the paper from an approved card and it tells me under federal law I have 60 days to obtain a report free of charge.
Title: Re: credit score
Post by: David Smith on October 08, 2015, 10:13:58 PM
Does it need to be a denial? I'm reading the paper from an approved card and it tells me under federal law I have 60 days to obtain a report free of charge.
Nope. If your credit report was used in any fashion for the credit card (such as a factor in determining your credit limit) you are entitled to a copy of your report. This includes basically any credit application.
Title: Re: credit score
Post by: Ydad on October 08, 2015, 10:25:10 PM
Does it need to be a denial? I'm reading the paper from an approved card and it tells me under federal law I have 60 days to obtain a report free of charge.
That definitely works. But like I said this is all ethics. Experian doesn't check at all. I wonder if they even can...
Title: Re: credit score
Post by: ChaimMoskowitz on October 09, 2015, 12:34:23 AM
If your credit report was used in any fashion for the credit card (such as a factor in determining your credit limit) you are entitled to a copy of your report. This includes basically any credit application.
Link or source?
Title: Re: credit score
Post by: Chapshnell on October 09, 2015, 12:37:53 AM
Govt rule iirc
Title: Re: credit score
Post by: ChaimMoskowitz on October 09, 2015, 12:40:08 AM
Govt rule iirc
That they have to provide a copy of your CR when no AA was taken?
Title: Re: credit score
Post by: a mirrer on October 09, 2015, 04:43:47 AM
That they have to provide a copy of your CR when no AA was taken?
IINM if you think that they should have given you a bigger credit line then that is considered AA
Title: Re: credit score
Post by: ChaimMoskowitz on October 09, 2015, 06:39:39 AM
IINM if you think that they should have given you a bigger credit line then that is considered AA
I like your way of thinking but it doesn't work that way.
Title: Re: credit score
Post by: a mirrer on October 09, 2015, 07:08:17 AM
I like your way of thinking but it doesn't work that way.
i got this together with my approval for the spg personal
Title: Re: credit score
Post by: ChaimMoskowitz on October 09, 2015, 07:15:03 AM
i got this together with my approval for the spg personal
It might be because of the interest rate they are charging you.
Title: Re: credit score
Post by: Tywin on October 09, 2015, 05:58:23 PM
It might be because of the interest rate they are charging you.
+1
Title: Re: credit score
Post by: Tywin on October 09, 2015, 06:00:48 PM
That definitely works. But like I said this is all ethics. Experian doesn't check at all. I wonder if they even can...
This has been my experience.  I don't think Experian checks.
Title: Re: credit score
Post by: Hidden on October 12, 2015, 03:10:21 PM
Does Experian's view your report again work for anyone?
stopped working for me :'(
Title: Re: credit score
Post by: David Smith on October 12, 2015, 03:11:41 PM
Does Experian's view your report again work for anyone?
stopped working for me :'(
Working for me, but I'm within 60 days of a dispute.
Title: Re: credit score
Post by: Hidden on October 12, 2015, 03:13:35 PM
Working for me, but I'm within 60 days of a dispute.
So am i
Title: Re: credit score
Post by: noturbizniss on October 12, 2015, 03:15:28 PM
Does Experian's view your report again work for anyone?
stopped working for me :'(
hasnt worked for me since july
Title: Re: credit score
Post by: Hidden on October 12, 2015, 03:16:48 PM
My old link started redirecting to new page that asks for email and that's when the trouble started
Title: Re: credit score
Post by: Freddie on October 13, 2015, 02:14:50 PM
Discover just sent me a letter, they closed my wife's old Discover card for inactivity since she hasn't used it in years.

Will this show negatively on her report (and mine as an AU) since the bank closed the card?
Title: Re: credit score
Post by: ChaimMoskowitz on October 13, 2015, 02:29:37 PM
Discover just sent me a letter, they closed my wife's old Discover card for inactivity since she hasn't used it in years.

Will this show negatively on her report (and mine as an AU) since the bank closed the card?
No. If it did no one would ever give me a card again.  :)
Title: Re: credit score
Post by: Freddie on October 13, 2015, 02:30:18 PM
No. If it did no one would ever give me a card again.  :)
Ok, good to know! Thanks!
Title: Re: credit score
Post by: yitrap on October 13, 2015, 02:32:10 PM

No. If it did no one would ever give me a card again.  :)
Do I remember you saying the same regarding amex closing you down during a F/R?
Title: Re: credit score
Post by: ChaimMoskowitz on October 13, 2015, 02:45:57 PM
Do I remember you saying the same regarding amex closing you down during a F/R?
I say so many things how would I know. Amex closed cards did not have anything to do with the FR. It had no effect on me getting new Amex cards with one of them being the same as one of them they closed. Of course that one was closed also after some well deserved abuse done to it.  :)
Title: Re: credit score
Post by: pixi on October 19, 2015, 08:27:56 AM
Does the percentage of the utilization depend in the credit line of each individual credit card limit,  or over all all together?
Title: Re: credit score
Post by: benjie1305 on October 19, 2015, 08:32:02 AM
Does the percentage of the utilization depend in the credit line of each individual credit card limit,  or over all all together?

Credit utilization ratio applies for each card you have individually (don’t use too much of your credit on any card) and across all of your cards collectively..
Title: Re: credit score
Post by: pixi on October 19, 2015, 08:33:21 AM
Credit utilization ratio applies for each card you have individually (don’t use too much of your credit on any card) and across all of your cards collectively..
Ouch!  One of my credit card closed with a hight balance,  I forgot to pay it off before the cycle ended,  is there anything I can do?
Title: Re: credit score
Post by: Josef.koney on October 19, 2015, 08:36:16 AM
Once we're talking about this again... does the utilization on a charge card differ from a credit card?
Title: Re: credit score
Post by: noturbizniss on October 19, 2015, 08:38:45 AM
Once we're talking about this again... does the utilization on a charge card differ from a credit card?
Based on highest closing balance you've had on the card
Title: Re: credit score
Post by: noturbizniss on October 19, 2015, 08:39:14 AM
Ouch!  One of my credit card closed with a hight balance,  I forgot to pay it off before the cycle ended,  is there anything I can do?
Not apply for more credit till next statement?
Title: Re: credit score
Post by: Josef.koney on October 19, 2015, 08:41:19 AM
Based on highest closing balance you've had on the card
But not for the monthly utilization I take it?
Title: Re: credit score
Post by: noturbizniss on October 19, 2015, 09:19:03 AM
But not for the monthly utilization I take it?
Not following.
If statement in first month closes at 1k then that's what the report shows as credit limit. If next month th it closes ta 20k then that's your new limit.
Title: Re: credit score
Post by: ChaimMoskowitz on October 19, 2015, 09:21:46 AM
Not following.
If statement in first month closes at 1k then that's what the report shows as credit limit. If next month th it closes ta 20k then that's your new limit.
So if in month one and two my statement closes with a $10 balance they will look at that card as 100% utilization?
Title: Re: credit score
Post by: Josef.koney on October 19, 2015, 09:23:57 AM
Not following.
If statement in first month closes at 1k then that's what the report shows as credit limit. If next month th it closes ta 20k then that's your new limit.
And then if I close the account then I'll be 20k less credit line (problem for my score?) Or is that only for the percentage of credit I use every month?
Title: Re: credit score
Post by: doovid d on October 19, 2015, 09:53:39 AM
Would anyone know the probability of me getting approved for a credit card (especialy chase cc )with a credit score of 640 i just  leased a car and my score dropped from 740 to the current one
Title: Re: credit score
Post by: noturbizniss on October 19, 2015, 10:17:31 AM
So if in month one and two my statement closes with a $10 balance they will look at that card as 100% utilization?
That's my understanding. Haven't used charge cards much lately so I can't comment on my own experience.
Title: Re: credit score
Post by: a mirrer on October 19, 2015, 01:06:51 PM
So if in month one and two my statement closes with a $10 balance they will look at that card as 100% utilization?
but it doesn't pull your score down like when a credit card closes with 100% utilization
Title: Re: credit score
Post by: noturbizniss on October 19, 2015, 01:16:11 PM
but it doesn't pull your score down like when a credit card closes with 100% utilization
what are you basing that on?
Title: Re: credit score
Post by: a mirrer on October 19, 2015, 01:30:27 PM
what are you basing that on?
personal experience i once had a credit card close at 75% utilization and it pulled my score down by 30-40 points and charge cards never did that sort of damage
Title: Re: credit score
Post by: tzifanya54 on October 19, 2015, 01:32:47 PM
Would anyone know the probability of me getting approved for a credit card (especialy chase cc )with a credit score of 640 i just  leased a car and my score dropped from 740 to the current one
Never leased a car. I gotta ask though that sounds like a large drop. Is that standard for leasing a car to have your score drop by 100?
Title: Re: credit score
Post by: yochiek93 on October 19, 2015, 01:38:58 PM
Never leased a car. I gotta ask though that sounds like a large drop. Is that standard for leasing a car to have your score drop by 100?
I'll report back my dad about to take a lease
Title: Re: credit score
Post by: tzifanya54 on October 19, 2015, 01:41:08 PM
I'll report back my dad about to take a lease
K thanks. People do it every day, something doesen't add up!
Title: Re: credit score
Post by: a mirrer on October 19, 2015, 01:59:43 PM
Never leased a car. I gotta ask though that sounds like a large drop. Is that standard for leasing a car to have your score drop by 100?
my guess is that he's checking credit karma
Title: Re: credit score
Post by: ChaimMoskowitz on October 19, 2015, 02:09:21 PM
personal experience i once had a credit card close at 75% utilization and it pulled my score down by 30-40 points and charge cards never did that sort of damage
That would make sense.
Title: Re: credit score
Post by: tzifanya54 on October 19, 2015, 02:14:08 PM
That would make sense.
Really? The damage is that great for one months worth of high utilization??
Title: Re: credit score
Post by: ydf on October 19, 2015, 02:14:36 PM
personal experience i once had a credit card close at 75% utilization and it pulled my score down by 30-40 points and charge cards never did that sort of damage
That would make sense.
+1 ime
Title: Re: credit score
Post by: ydf on October 19, 2015, 02:16:47 PM
Really? The damage is that great for one months worth of high utilization??
30% of your credit is based on utilization no? Cmiiw
Title: Re: credit score
Post by: tzifanya54 on October 19, 2015, 02:28:38 PM
30% of your credit is based on utilization no? Cmiiw
My point was the one month on one card, aspect.
Title: Re: credit score
Post by: a mirrer on October 19, 2015, 02:44:43 PM
Really? The damage is that great for one months worth of high utilization??
yup for that month until the next statement closed
Title: Re: credit score
Post by: shlonx on October 20, 2015, 10:09:40 PM
Quick question: this whole inyan of spending 33% of your credit etc. , is that percentage a maximum?
I.e. If I just utilize 14% of my credit, is that better than using 30%? Worse? The same?
Title: Re: credit score
Post by: yochiek93 on October 20, 2015, 10:11:19 PM
Quick question: this whole inyan of spending 33% of your credit etc. , is that percentage a maximum?
I.e. If I just utilize 14% of my credit, is that better than using 30%? Worse? The same?
33% is a maximum%, the less you use the better
Title: Re: credit score
Post by: pixi on October 20, 2015, 10:11:56 PM
33% is a maximum%, the less you use the better
The best is if you can use under 10%
Title: Re: credit score
Post by: shlonx on October 20, 2015, 10:14:14 PM
Okay, thanks guys.
Title: Re: credit score
Post by: pixi on October 20, 2015, 10:15:00 PM
The best is if you can use under 10%
And even better of you close with a $2 balance ( on amex)
Title: Re: credit score
Post by: TimT on October 20, 2015, 10:15:34 PM
Okay, thanks guys.
The less you owe the better.
Title: Re: credit score
Post by: pixi on October 20, 2015, 10:16:35 PM
The less you owe the better.
But owe something
Title: Re: credit score
Post by: dudi on October 20, 2015, 10:48:15 PM
MIL was telling me that she calls up CC companys sometimes to prospone the payment due date if her check is coming in late etc. Would that effect her credit score?
Title: Re: credit score
Post by: David Smith on October 20, 2015, 10:53:23 PM
MIL was telling me that she calls up CC companys sometimes to prospone the payment due date if her check is coming in late etc. Would that effect her credit score?
If the payments not due, it doesn't post. Why doesn't she just make the minimum payments? (I'm sure she's not thinking utilization or anything like that.)
Title: Re: credit score
Post by: yochiek93 on October 20, 2015, 10:54:51 PM
If the payments not due, it doesn't post. Why doesn't she just make the minimum payments? (I'm sure she's not thinking utilization or anything like that.)
Why would anyone want to pay interest
Title: Re: credit score
Post by: dudi on October 20, 2015, 11:18:04 PM
If the payments not due, it doesn't post. Why doesn't she just make the minimum payments? (I'm sure she's not thinking utilization or anything like that.)
If payment due is for example 1000$ and the minimum is 35$ if she pays only 35$ it won't post on her report?
Title: Re: credit score
Post by: yochiek93 on October 20, 2015, 11:25:13 PM
If payment due is for example 1000$ and the minimum is 35$ if she pays only 35$ it won't post on her report?
It sure will
Title: Re: credit score
Post by: noturbizniss on October 20, 2015, 11:44:06 PM
If payment due is for example 1000$ and the minimum is 35$ if she pays only 35$ it won't post on her report?
But not as negative or late. Just usage.
It sure will
Title: Re: credit score
Post by: yochiek93 on October 27, 2015, 02:40:37 PM
Never leased a car. I gotta ask though that sounds like a large drop. Is that standard for leasing a car to have your score drop by 100?

I'll report back my dad about to take a lease

K thanks. People do it every day, something doesen't add up!
There was only a slight drop, not that much
Title: Re: credit score
Post by: caliheat on October 28, 2015, 11:19:43 AM
There was only a slight drop, not that much
I just leased a car and my credit went up that month, not down..
Title: Re: credit score
Post by: yochiek93 on October 28, 2015, 11:24:39 AM
I just leased a car and my credit went up that month, not down..
Interesting because its a pull
Title: Re: credit score
Post by: caliheat on October 28, 2015, 11:31:27 AM
Interesting because its a pull
Yes, but many other factors influence score.
In my case, a collection falling off, longer good history etc.
Title: Re: credit score
Post by: yochiek93 on October 28, 2015, 12:43:45 PM
Yes, but many other factors influence score.
In my case, a collection falling off, longer good history etc.
That's definitely true so good for you
Title: Re: credit score
Post by: mendy from lakewood on October 28, 2015, 12:50:09 PM
anyone know what credit score i would need to get approved for a car lease (altima,camry,accord)
Title: Re: credit score
Post by: David Smith on October 29, 2015, 10:40:31 AM
Anyone know if charge cards with a preset limit count as available credit regarding utilization?
Title: Re: credit score
Post by: yochiek93 on October 29, 2015, 12:34:35 PM
Anyone know if charge cards with a preset limit count as available credit regarding utilization?
Iirc it doesn't because its just a cap... Unlike a credit card
Title: Re: credit score
Post by: ChaimMoskowitz on October 29, 2015, 12:46:02 PM
Anyone know if charge cards with a preset limit count as available credit regarding utilization?
This was just answered in another thread but I can't find it.  :-[
Title: Re: credit score
Post by: benjie1305 on October 29, 2015, 12:50:07 PM
This was just answered in another thread but I can't find it.  :-[

Offering my helping hand. here (http://forums.dansdeals.com/index.php?topic=55887.msg1291362;topicseen#msg1291362)

:) hope its the one you meant.
Title: Re: credit score
Post by: ChaimMoskowitz on October 29, 2015, 12:52:14 PM
:) hope its the one you meant.
Bingo!
Title: Re: credit score
Post by: David Smith on October 29, 2015, 01:12:54 PM
This was just answered in another thread but I can't find it.  :-[

Offering my helping hand. here (http://forums.dansdeals.com/index.php?topic=55887.msg1291362;topicseen#msg1291362)

:) hope its the one you meant.
Thanks. I had followed that other thread with interest, but all that was discussed there was charge cards with no preset limit, unless i missed something. I'm wondering about cards with a preset limit (they imposed limits after my fr). Does the limit get reported to the CB's? Does it make a difference regarding its status as a charge card? I admittedly didn't look up the credit board links, so this may have been discussed there. I'm gonna do that now.
Title: Re: credit score
Post by: ChaimMoskowitz on October 29, 2015, 01:16:10 PM
I'm gonna do that now.
Let us know what you find.  :)
Title: Re: credit score
Post by: David Smith on October 29, 2015, 01:17:16 PM
Let us know what you find.  :)
It's a whole new language for me.   Locs?
Title: Re: credit score
Post by: ChaimMoskowitz on October 29, 2015, 01:19:36 PM
It's a whole new language for me.
You are not getting any sympathy form me.  :P
Title: Re: credit score
Post by: David Smith on October 29, 2015, 01:20:11 PM
You are not getting any sympathy form me. 
Title: Re: credit score
Post by: David Smith on October 29, 2015, 01:31:57 PM
Let us know what you find.  :)
Some scary info there (at least for me). A must read. I didn't realize letting a $5 balance report with 10 cards is much worse than letting $5000 report with one.
(The most interesting thing i learned? That Friday isn't just a DDF thing.   I'm so out of it sometimes.)
Title: Re: credit score
Post by: ChaimMoskowitz on October 29, 2015, 01:49:14 PM
Some scary info there (at least for me). A must read. I didn't realize letting a $5 balance report with 10 cards is much worse than letting $5000 report with one.
What is nice is we have one of the experts from there posting here. If he can convince some of his buddies to give this place a try it would be a real benefit for everyone.
Title: Re: credit score
Post by: David Smith on October 29, 2015, 01:50:02 PM
What is nice is we have one of the experts from there posting here. If he can convince some of his buddies to give this place a try it would be a real benefit for everyone.
I didn't see much about charge cards, though.
Title: Re: credit score
Post by: ChaimMoskowitz on October 29, 2015, 01:50:37 PM
The most interesting thing i learned? That Friday isn't just a DDF thing.
ROFLMAO!
Title: Re: credit score
Post by: David Smith on October 29, 2015, 01:51:54 PM
ROFLMAO!
BTW their emojis are a heck of a lot better than Tapatalk's.
Title: Re: credit score
Post by: David Smith on October 29, 2015, 01:59:47 PM
I just paid off all my chase cards, which leaves about $7 across 3 cards left. I'm supposed to cut down from that too, no?
Title: Re: credit score
Post by: ChaimMoskowitz on October 29, 2015, 02:01:37 PM
I just paid off all my chase cards, which leaves about $7 across 3 cards left. I'm supposed to cut down from that too, no?
Yes. $2 balance on one card and one card only!
Title: Re: credit score
Post by: David Smith on October 29, 2015, 02:02:16 PM
Yes. $2 balance on one card and one card only!
The $3 for Discover is confirmed? (I just checked up my amex ex fico and went up just one lousy point.   I've got work to do.)
Title: Re: credit score
Post by: benjie1305 on October 29, 2015, 02:12:41 PM
I can only advise in regards to Credit scores and models to check out the CBs a bit more in depth. Some great knowledge exists there that will give a very good insight into the credit score world as CM and Mendelssohn have shown and explained.
Title: Re: credit score
Post by: ChaimMoskowitz on October 29, 2015, 02:16:45 PM
I can only advise in regards to Credit scores and models to check out the CBs a bit more in depth. Some great knowledge exists there that will give a very good insight into the credit score world as CM and Mendelssohn have shown and explained.
I am in no way in the same class.
Title: Re: credit score
Post by: benjie1305 on October 29, 2015, 02:18:08 PM
I am in no way in the same class.

Not ranking the mentioned ones, merely mentioning the ones who have shown to venture around the CBs.
Title: Re: credit score
Post by: Mendelssohn on October 29, 2015, 02:49:16 PM
You guys are getting it. $2 on 1 card (or $3 in Discover) with the rest reporting $0.  $2 is recommended because it is the smallest balance (except Discover) that is almost guaranteed to not get credited to $0. If your reports are not completely clean, it won't make much of a difference. How much this helps depends on a lot of factors in your profile, but you will get max points from utilization this way.

You can thank BobWang from CB for the research. Nobody outside of FICO understands the scoring models better than he does.
Title: Re: credit score
Post by: ChaimMoskowitz on October 29, 2015, 02:54:29 PM
You can thank BobWang from CB for the research. Nobody outside of FICO understands the scoring models better than he does.
How do we get BW to start posting here?
Title: Re: credit score
Post by: srap on October 31, 2015, 10:12:54 PM
ROFLMAO!
Now, now...clean language.
Title: Re: credit score
Post by: Luvtotravel on November 03, 2015, 12:33:24 AM
i checked my credit report and see that while i applied for three amex cards using 3bm, my credit was pulled on three consecutive days, im figuring one each day that a card was approved. how do i fight this?
Title: Re: credit score
Post by: D93 on November 03, 2015, 12:43:35 AM
i checked my credit report and see that while i applied for three amex cards using 3bm, my credit was pulled on three consecutive days, im figuring one each day that a card was approved. how do i fight this?
Call EX
Title: Re: credit score
Post by: CS91 on November 03, 2015, 08:56:52 AM
Call EX

Just had that a bit ago. Called EX and they took the "extra" ones off no problem.
Title: Re: credit score
Post by: Luvtotravel on November 03, 2015, 11:20:46 AM
Just had that a bit ago. Called EX and they took the "extra" ones off no problem.
tx. ill do that
im truly a noob to the checking credit game i always just coasted along paying my cards on time until i was met by a rude awakening... whats the difference between credit usage and credit utilization ratio?
Title: Re: credit score
Post by: CS91 on November 03, 2015, 02:00:06 PM
tx. ill do that
im truly a noob to the checking credit game
Make sure to ask them to send you a report once the change has been made so you can double check it. They should waive the charge and do it for free.
Title: Re: credit score
Post by: David Smith on November 03, 2015, 02:01:24 PM
Make sure to ask them to send you a report once the change has been made so you can double check it. They should waive the charge and do it for free.
They normally do that automatically, no?
Title: Re: credit score
Post by: CS91 on November 03, 2015, 02:01:54 PM
They normally do that automatically, no?

Based on what the rep that I spoke to said, no. But he could've been wrong.
Title: Re: credit score
Post by: D93 on November 03, 2015, 02:07:06 PM
Anyone ever have any luck getting one of these infamous Citi double pulls removed?
Title: Re: credit score
Post by: ChaimMoskowitz on November 03, 2015, 02:12:11 PM
Anyone ever have any luck getting one of these infamous Citi double pulls removed?
What CRA?
Title: Re: credit score
Post by: D93 on November 03, 2015, 02:12:45 PM
What CRA?
EX
Title: Re: credit score
Post by: ChaimMoskowitz on November 03, 2015, 02:17:23 PM
EX
Should be a piece of cake.
Title: Re: credit score
Post by: Adam101 on November 03, 2015, 02:35:01 PM
How often does FICO update?
Title: Re: credit score
Post by: ChaimMoskowitz on November 03, 2015, 02:51:08 PM
How often does FICO update?
I would guess every time something gets reported.
Title: Re: credit score
Post by: a mirrer on November 03, 2015, 03:01:37 PM
Should be a piece of cake.
-1 IME because they are coded differently one is citibank and one is citi cards
Title: Re: credit score
Post by: tzifanya54 on November 03, 2015, 03:02:48 PM
-1 IME because they are coded differently one is citibank and one is citi cards
Does every app from citi result in 2 pulls like that?
Title: Re: credit score
Post by: a mirrer on November 03, 2015, 03:04:03 PM
Does every app from citi result in 2 pulls like that?
IME it was for a personal and biz on the same day
Title: Re: credit score
Post by: D93 on November 03, 2015, 03:05:24 PM
Does every app from citi result in 2 pulls like that?
No
Title: Re: credit score
Post by: Aaaron on November 04, 2015, 12:58:36 PM
My wife just got a letter that her Citi card (her first and only card) was closed due to inactivity.  They won't let her reopen without applying.  She's an AU on most of my cards, she's on our mortgage and her car loan.  How will this affect her credit and is there anything to do at this point?  Would a new Citi card "reactivate" her credit history length?  She was in the mid to upper 700s last we checked.
Title: Re: credit score
Post by: Mendelssohn on November 04, 2015, 04:07:41 PM
My wife just got a letter that her Citi card (her first and only card) was closed due to inactivity.  They won't let her reopen without applying.  She's an AU on most of my cards, she's on our mortgage and her car loan.  How will this affect her credit and is there anything to do at this point?  Would a new Citi card "reactivate" her credit history length?  She was in the mid to upper 700s last we checked.

Ideally for FICO scoring she needs 5+ cards open in her own name. Her score may not change, but some issuers don't like to approve with no open primary cards.

You can't regain the history with a new unfortunately. You can try contacting the Citi Exec Office and trying to get the card reopened that way.

To avoid inactivity in the future, at least buy a 50 cent Amazon GC every few months.
Title: Re: credit score
Post by: CS91 on November 04, 2015, 04:15:42 PM
Aren't the "Open Dates" for Amex on a report supposed to be the date when I got my first Amex? Just got the ED recently and it shows the date when I actually opened it and not 2012 which is when I got my first Amex. Also says the date for when I got my AU card for my wife's account. Is this normal?
Title: Re: credit score
Post by: Mendelssohn on November 04, 2015, 04:22:52 PM
Aren't the "Open Dates" for Amex on a report supposed to be the date when I got my first Amex? Just got the ED recently and it shows the date when I actually opened it and not 2012 which is when I got my first Amex. Also says the date for when I got my AU card for my wife's account. Is this normal?

Amex stopped backdating new cards last Spring.

All Amex AU accounts report the date opened from the date the AU was added. If you add an AU to a 20 year old Amex, it reports like a new account.
Title: Re: credit score
Post by: Aaaron on November 04, 2015, 04:24:40 PM
Ideally for FICO scoring she needs 5+ cards open in her own name. Her score may not change, but some issuers don't like to approve with no open primary cards.

You can't regain the history with a new unfortunately. You can try contacting the Citi Exec Office and trying to get the card reopened that way.

To avoid inactivity in the future, at least buy a 50 cent Amazon GC every few months.

Ouch, but thanks.  I'll have her try again to get it reopened.  In the meantime I guess it's time to get her in the game properly.  She was using it fairly regularly but must have let that lapse recently.
Title: Re: credit score
Post by: CS91 on November 04, 2015, 04:35:28 PM
Amex stopped backdating new cards last Spring.

All Amex AU accounts report the date opened from the date the AU was added. If you add an AU to a 20 year old Amex, it reports like a new account.
Didn't know. Now who knows when I'll be eligible for a Chase card again.
Title: Re: credit score
Post by: tzifanya54 on November 04, 2015, 08:47:18 PM
My wife just got a letter that her Citi card (her first and only card) was closed due to inactivity.  They won't let her reopen without applying.  She's an AU on most of my cards, she's on our mortgage and her car loan.  How will this affect her credit and is there anything to do at this point?  Would a new Citi card "reactivate" her credit history length?  She was in the mid to upper 700s last we checked.
After how many years of inactivaty was this? I've had cards that sat untouched for 2-3 years with them, and they are still open.. (Yes I know I technically should use them)
Title: Re: credit score
Post by: Aaaron on November 04, 2015, 09:40:40 PM
I think under 1 year..  I'll have to check, but I even thought it was less than 6 months.
Title: Re: credit score
Post by: tzifanya54 on November 04, 2015, 10:32:12 PM
I think under 1 year..  I'll have to check, but I even thought it was less than 6 months.
Weird... They never bothered me about mine.
Title: Re: credit score
Post by: Luvtotravel on November 04, 2015, 11:41:05 PM
while reading up now on increasing credit score i came across dans post about paying off bill before statement prints. how do i request  that?  over the phone? should i ask for date that statement closes or statement prints or is that the same thing?
Title: Re: credit score
Post by: CS91 on November 04, 2015, 11:45:10 PM
while reading up now on increasing credit score i came across dans post about paying off bill before statement prints. how do i request  that?  over the phone? should i ask for date that statement closes or statement prints or is that the same thing?

When you login online, you can see when your next statement will close. Just manually submit a payment before that date.
Title: Re: credit score
Post by: David Smith on November 04, 2015, 11:49:20 PM
This month was my first $3 on one card month. In the past i let balances post on multiple cards. Hopefully to many more.
Title: Re: credit score
Post by: yochiek93 on November 04, 2015, 11:51:19 PM
This month was my first $3 on one card month. In the past i let balances post on multiple cards. Hopefully to many more.
Best wishes
Title: Re: credit score
Post by: David Smith on November 04, 2015, 11:53:18 PM
Best wishes
Thank you.
Title: Re: credit score
Post by: Mendelssohn on November 05, 2015, 12:08:34 AM
This month was my first $3 on one card month. In the past i let balances post on multiple cards. Hopefully to many more.

What were your FICOs before?
Title: Re: credit score
Post by: David Smith on November 05, 2015, 12:11:55 AM
What were your FICOs before?
I don't pay for reports, so i only know ex (amex) and tu (discover), but neither has updated yet. Mid 750's.
Title: Re: credit score
Post by: Mendelssohn on November 05, 2015, 12:19:56 AM
I don't pay for reports, so i only know ex (amex) and tu (discover), but neither has updated yet. Mid 750's.

DCU will give you a free EQ 04 which is the generation of scores used for mortgages.  They are much more sensitive to the number of cards reporting a balance. The max score is only 818 FYI.

Don't expect a 90 point jump, but your scores should improve. How many cards were reporting balances last month?
Title: Re: credit score
Post by: David Smith on November 05, 2015, 12:22:04 AM
DCU will give you a free EQ 04 which is the generation of scores used for mortgages.  They are much more sensitive to the number of cards reporting a balance. The max score is only 818 FYI.

Don't expect a 90 point jump, but your scores should improve. How many cards were reporting balances last month?
Last month was only 4, actually. My AAoA is atrocious. (I have some time till i actually go mortgage shopping, i just like thinking long term.)
Title: Re: credit score
Post by: Mendelssohn on November 05, 2015, 12:33:37 AM
Last month was only 4, actually. My AAoA is atrocious. (I have some time till i actually go mortgage shopping, i just like thinking long term.)

It's worth joining DCU for the free FICO. At least you would know 1 mortgage score.
Title: Re: credit score
Post by: David Smith on November 05, 2015, 12:35:57 AM
It's worth joining DCU for the free FICO. At least you would know 1 mortgage score.
By dcu, you mean digital credit union?
Title: Re: credit score
Post by: Mendelssohn on November 05, 2015, 12:38:56 AM
By dcu, you mean digital credit union?

Yes. They give you the free score the last Friday of the month.
Title: Re: credit score
Post by: David Smith on November 05, 2015, 12:39:22 AM
Yes. They give you the free score the last Friday of the month.
I hate to ask this, but is joining a hard pull?
Title: Re: credit score
Post by: Mendelssohn on November 05, 2015, 12:41:33 AM
I hate to ask this, but is joining a hard pull?

Yep, EQ.
Title: Re: credit score
Post by: David Smith on November 05, 2015, 12:42:37 AM
Yep, EQ.
(I know, i shouldn't sweat the pull, but still....)
Title: Re: credit score
Post by: D93 on November 05, 2015, 12:43:22 AM
(I know, i shouldn't sweat the pull, but still....)
Even if you wanna sweat the pull, you care about EQ?!
Title: Re: credit score
Post by: pixi on November 05, 2015, 12:54:35 AM
I had DCU  I wanted to save myself money on a secure card so I applied for a DCU  card which was free,  I regretted it very much,  they have very bad costumer service,  the pulled my credit 3 times,  each additional user they pulled 3 times as well,  it's very difficult to manage the card.  I hated it.  I'd recommend not to touch DCU .
Title: Re: credit score
Post by: Luvtotravel on November 05, 2015, 01:34:09 AM
When you login online, you can see when your next statement will close. Just manually submit a payment before that date.
what if i want all my statements to close on the same date so that i should be able to keep track of it all?
Title: Re: credit score
Post by: David Smith on November 05, 2015, 01:38:29 AM
what if i want all my statements to close on the same date so that i should be able to keep track of it all?
+1. I think I'm gonna call the companies and ask for that.
Title: Re: credit score
Post by: Mendelssohn on November 05, 2015, 04:41:53 AM
I had DCU  I wanted to save myself money on a secure card so I applied for a DCU  card which was free,  I regretted it very much,  they have very bad costumer service,  the pulled my credit 3 times,  each additional user they pulled 3 times as well,  it's very difficult to manage the card.  I hated it.  I'd recommend not to touch DCU .

Having a checking account for a free FICO score doesn't mean that you really need to use them. I highly recommend them only for the free FICO.
Title: Re: credit score
Post by: ChaimMoskowitz on November 05, 2015, 06:48:47 AM
what if i want all my statements to close on the same date so that i should be able to keep track of it all?
+1. I think I'm gonna call the companies and ask for that.
Be careful because some CC companies report mid-cycle or at the end of the month instead of statement close date.
Title: Re: credit score
Post by: ChaimMoskowitz on November 05, 2015, 06:49:26 AM
Having a checking account for a free FICO score doesn't mean that you really need to use them. I highly recommend them only for the free FICO.
Are they also easy to get a high CL or CLI's for their CC's?
Title: Re: credit score
Post by: Mendelssohn on November 05, 2015, 08:24:33 AM
Are they also easy to get a high CL or CLI's for their CC's?

Not really.  Search "rosefactor" on CB.   ;D

They also report the balance as of the last day of the month, not the statement date.

Despite all that, getting a free EQ 04 FICO is worth having a checking account.
Title: Re: credit score
Post by: David Smith on November 05, 2015, 09:16:13 AM
So would asking them to move the  statement date to the first of the month be OK? I hate juggling bills.
Title: Re: credit score
Post by: yochiek93 on November 05, 2015, 09:17:54 AM


I hate juggling bills.

With you on that
Title: Re: credit score
Post by: Mendelssohn on November 05, 2015, 10:27:59 AM
So would asking them to move the  statement date to the first of the month be OK? I hate juggling bills.

Their CCs aren't worth having. 

I have one that I never use.  I buy a 50 cent Amazon GC every 3 months and pay it off as soon as it posts.
Title: Re: credit score
Post by: David Smith on November 05, 2015, 10:32:54 AM
Their CCs aren't worth having. 

I have one that I never use.  I buy a 50 cent Amazon GC every 3 months and pay it off as soon as it posts.
I don't mean dcu cards, i mean all of my credit cards. I have closing dates scattered all over the place, which is annoying if you can't fall back onto auto pay.
Title: Re: credit score
Post by: Mendelssohn on November 05, 2015, 10:38:22 AM
I don't mean dcu cards, i mean all of my credit cards. I have closing dates scattered all over the place, which is annoying if you can't fall back onto auto pay.

I have no issue tracking 20+ cards.  Use an Excel spreadsheet.  I do that, but honestly don't even need it to remember.
Title: Re: credit score
Post by: etech0 on November 05, 2015, 10:45:01 AM
I have no issue tracking 20+ cards.  Use an Excel spreadsheet.  I do that, but honestly don't even need it to remember.
What system to use you to remind you when each card is closing, so you can pay it off before that happens?
Title: Re: credit score
Post by: Mendelssohn on November 05, 2015, 10:49:55 AM
What system to use you to remind you when each card is closing, so you can pay it off before that happens?

My noggin. 
Title: Re: credit score
Post by: srap on November 05, 2015, 10:51:34 AM
My noggin.
Another hint as to why CM admires you  :)   Your posts are eyeopening.  TY.
Title: Re: credit score
Post by: etech0 on November 05, 2015, 11:00:25 AM
My noggin.
:D
Title: Re: credit score
Post by: ChaimMoskowitz on November 05, 2015, 04:04:24 PM
I don't mean dcu cards, i mean all of my credit cards. I have closing dates scattered all over the place, which is annoying if you can't fall back onto auto pay.
Don't everyone only use one card (OK maybe 2)?  ???
Title: Re: credit score
Post by: Scmcodes on November 05, 2015, 04:50:23 PM
Citi identity monitor gives you all 3 fico scores for free.
do u have a link for it?
Title: Re: credit score
Post by: Mendelssohn on November 05, 2015, 05:29:58 PM
Don't everyone only use one card (OK maybe 2)?  ???

Most of my spending is on 4 cards, but I heavily MS a bunch of other cards.
Title: Re: credit score
Post by: Mendelssohn on November 05, 2015, 05:31:55 PM
do u have a link for it?

I think that was discontinued for new members.

Either way, they didn't/don't provide FICO scores.
Title: Re: credit score
Post by: etech0 on November 05, 2015, 08:14:13 PM
Most of my spending is on 4 cards, but I heavily MS a bunch of other cards.
Hmmm... which four? (If you don't mind my asking)
Title: Re: credit score
Post by: eli1571 on November 05, 2015, 08:16:56 PM
I think under 1 year..  I'll have to check, but I even thought it was less than 6 months.
Citi closed my first  card after 3 Years of inactivity, I didn't use it as I had newer cards with better  PPD. Tried all departments to get it reopened nothing helped, (although  by me it wasn't my whole history just knocked.off  about a year )
Title: Re: credit score
Post by: Mendelssohn on November 06, 2015, 12:41:28 AM
Hmmm... which four? (If you don't mind my asking)

Amex PRG, Amex SPG, Chase IP and Freedom.

I'm not carrying my Freedom this quarter but usually do.
Title: Re: credit score
Post by: etech0 on November 06, 2015, 11:27:46 AM
Amex PRG, Amex SPG, Chase IP and Freedom.

I'm not carrying my Freedom this quarter but usually do.
Nice! Can I guess: PRG for groceries/gas/travel, IP for office supplies, SPG for everything else?

Why not the EDP or BCP?
Title: Re: credit score
Post by: David Smith on November 06, 2015, 11:31:21 AM
Why not the EDP or BCP?
+1
Title: Re: credit score
Post by: Mendelssohn on November 06, 2015, 03:24:18 PM
Nice! Can I guess: PRG for groceries/gas/travel, IP for office supplies, SPG for everything else?

Why not the EDP or BCP?

With the airline credit on the PRG, I consider the AF equal to the EDP. The grocery cap on the EDP is only $6K. What am I supposed to do the other 364 days?

If you spend in the $40s with the PRG in the bonus categories you surpass the earning of the EDP. I'm way above the breakeven point.

My PRG is also backdated to 1992, so I don't want to close it.
Title: Re: credit score
Post by: David Smith on November 06, 2015, 04:09:01 PM
With the airline credit on the PRG, I consider the AF equal to the EDP. The grocery cap on the EDP is only $6K. What am I supposed to do the other 364 days?

If you spend in the $40s with the PRG in the bonus categories you surpass the earning of the EDP. I'm way above the breakeven point.

My PRG is also backdated to 1992, so I don't want to close it.
Why don't you have an OBC then?
Title: Re: credit score
Post by: Mendelssohn on November 06, 2015, 04:28:49 PM
Why don't you have an OBC then?

I just haven't gotten one yet. I also like that the PRG is uncapped. $50K is not enough.

I have 3 cards backdated to 1992 that are still open though and don't plan on closing them.  I'm also house hunting, so no new cards for me until that's done.
Title: Re: credit score
Post by: David Smith on November 06, 2015, 04:40:43 PM
I just haven't gotten one yet. I also like that the PRG is uncapped. $50K is not enough.

I have 3 cards backdated to 1992 that are still open though and don't plan on closing them.  I'm also house hunting, so no new cards for me until that's done.
Until $53,500 obc is pretty decent, no? $2535 back.
Title: Re: credit score
Post by: Mendelssohn on November 06, 2015, 05:03:11 PM
Until $53,500 obc is pretty decent, no? $2535 back.

I will get one eventually. Like I said, mortgage first.
Title: Re: credit score
Post by: PillanSmye on November 06, 2015, 09:36:30 PM
The $3 for Discover is confirmed? (I just checked up my amex ex fico and went up just one lousy point.   I've got work to do.)

Why leave $3 on Disco?  Leave $2 on Disco and $2 on another card.

Disco will write off the $2.  So they are paying you $24/yr to hold their card.  One of the few cards that pays YOU an AF.   ;D
Title: Re: credit score
Post by: PillanSmye on November 06, 2015, 09:38:22 PM
How often does FICO update?

FICO is a snap shot of time.  Every time your report gets pulled your FICO score is "updated" to that particular moment.
Title: Re: credit score
Post by: PillanSmye on November 06, 2015, 09:41:51 PM
I had DCU  I wanted to save myself money on a secure card so I applied for a DCU  card which was free,  I regretted it very much,  they have very bad costumer service,  the pulled my credit 3 times,  each additional user they pulled 3 times as well,  it's very difficult to manage the card.  I hated it.  I'd recommend not to touch DCU .

DCU also offers some of the best auto loans.  New, used and refinance.

Your experience of being triple pulled for DCU is the first I have heard about it.
Title: Re: credit score
Post by: etech0 on November 07, 2015, 06:23:11 PM
With the airline credit on the PRG, I consider the AF equal to the EDP. The grocery cap on the EDP is only $6K. What am I supposed to do the other 364 days?

If you spend in the $40s with the PRG in the bonus categories you surpass the earning of the EDP. I'm way above the breakeven point.

My PRG is also backdated to 1992, so I don't want to close it.
I didn't realize the PRG was uncapped. Good for you! :)
Title: Re: credit score
Post by: PillanSmye on November 08, 2015, 12:49:10 AM
PRG also gives a 15000 MR bonus if you spend over $30K.

It was supposed to end this year, but I still got mine.
Title: Re: credit score
Post by: yochiek93 on November 08, 2015, 12:53:51 AM
I didn't realize the PRG was uncapped. Good for you! :)
Like all charge cards
Title: Re: credit score
Post by: David Smith on November 08, 2015, 01:39:33 AM
Like all charge cards
What does being a charge card have to do with bonus category being uncapped?
Title: Re: credit score
Post by: PillanSmye on November 08, 2015, 03:36:52 AM
What does being a charge card have to do with bonus category being uncapped?
Nothing really.  Not that it matters because it is actually a false statement.  The Business Gold Rewards has caps on both the 3X and 2X categories
Title: Re: credit score
Post by: D93 on November 08, 2015, 05:14:08 AM
PRG also gives a 15000 MR bonus if you spend over $30K.

It was supposed to end this year, but I still got mine.
When did you sign up for the PRG?
Title: Re: credit score
Post by: PillanSmye on November 08, 2015, 05:17:08 AM
When did you sign up for the PRG?
November 2014 (November 1995  ;)  )
Title: Re: credit score
Post by: Mendelssohn on November 08, 2015, 07:26:42 AM
PRG also gives a 15000 MR bonus if you spend over $30K.

It was supposed to end this year, but I still got mine.

I got my 15K as well.

I opened my PRG Feb 2014 (1992).
Title: Re: credit score
Post by: D93 on November 08, 2015, 07:28:20 AM
November 2014 (November 1995  ;)  )
I got my 15K as well.

I opened my PRG Feb 2014.
That seems to be the reason, AFAIK anyone that opened their PRG after January 2015 did not receive the 15k/$30k bonus.
Title: Re: credit score
Post by: Aron27 on November 08, 2015, 07:32:51 AM
That seems to be the reason, AFAIK anyone that opened their PRG after January 2015 did not receive the 15k/$30k bonus.
Like me..
Title: Re: credit score
Post by: Zalc on November 10, 2015, 02:41:28 PM
Sorry if this was answered above, I couldn't find it.

I'd like to start having each card report $0 with 1 at the minimum needed to print on the statement.

I have all my cards split between 2 due dates each month (so I always have a portion of credit that isn't cycling in the next few days).

Do I have 1 card from each group report a balance when that group's statements cycle?

Or is it 1 card every 30 days?

Thanks!
Title: Re: credit score
Post by: ChaimMoskowitz on November 10, 2015, 02:56:17 PM
1 card with $2 ($3 for discover) reporting at one time.
Title: Re: credit score
Post by: Zalc on November 10, 2015, 03:28:01 PM
1 card with $2 ($3 for discover) reporting at one time.
So say I have 5 cards that close on the 7th and 5 on the 23rd.

I would have 1 card in each group report a $2 balance (3 for discover) when closing and the other 4 $0, and do this twice a month?
Title: Re: credit score
Post by: ChaimMoskowitz on November 10, 2015, 03:34:42 PM
Just pick 7th or the 23rd to use. I pick the 7th so one card I will have report with $2. I will pay that off and for the second month have another card from the 7th group report. You can then either alternate between the cards or rotate in that group. You can then just switch to the other group with some overlap (2 cards reporting) for 1 month. I think I have this right.  :)
Title: Re: credit score
Post by: Zalc on November 10, 2015, 05:50:09 PM
I will pay that off and for the second month have another card from the 7th group report. You can then either alternate between the cards or rotate in that group.
It's better to change up which card carries the balance?
Title: Re: credit score
Post by: benjie1305 on November 10, 2015, 05:56:56 PM
It's better to change up which card carries the balance?

Should not.
Title: Re: credit score
Post by: etech0 on November 10, 2015, 08:56:42 PM
Should not.
so then why
alternate between the cards or rotate in that group
?
Title: Re: credit score
Post by: PillanSmye on November 10, 2015, 10:50:05 PM
You want a SINGLE card to be reporting a $2 balance on your credit reports at all times.  Doesn't matter if it is the same card every month.

You do NOT want to use a Chase card, because when you PIF Chase they will force a mid-cycle update to the CRA's (one of Chase's most awesome features IMO, just doesn't help for the FICO geeking method).

You do NOT want to use a Disco card and leave $3, because then you are giving up the $24 Disco pays you every year to have their card.  Always leave $2 on your Disco card before the statement cuts, so Disco will write it off and report a $0 balance.
Title: Re: credit score
Post by: Zalc on November 10, 2015, 10:56:33 PM


You want a SINGLE card to be reporting a $2 balance on your credit reports at all times.  Doesn't matter if it is the same card every month.

You do NOT want to use a Chase card, because when you PIF Chase they will force a mid-cycle update to the CRA's (one of Chase's most awesome features IMO, just doesn't help for the FICO geeking method).
"At all times" = one card within every 30 day period?

PIF = pay in full?
If so, will PIF on one chase card refresh other chase cards still carrying a balance?

Tia!

Title: Re: credit score
Post by: Square on November 10, 2015, 11:03:53 PM
FICO geeking method
Is this the $2 trick or something else?
Title: Re: credit score
Post by: PillanSmye on November 10, 2015, 11:08:29 PM
"At all times" = one card within every 30 day period?

PIF = pay in full?
If so, will PIF on one chase card refresh other chase cards still carrying a balance?

Tia!

At all times means at all times.  Your FICO scores don't go off months, or 30 days periods or anything else.  FICO scores are a snapshot of that exact moment in time.

What you do on one Chase card has nothing to do with how another Chase card reports.
Title: Re: credit score
Post by: PillanSmye on November 10, 2015, 11:09:30 PM
Is this the $2 trick or something else?
Yes, the $2 trick
Title: Re: credit score
Post by: Zalc on November 11, 2015, 10:12:23 AM


At all times means at all times.  Your FICO scores don't go off months, or 30 days periods or anything else.  FICO scores are a snapshot of that exact moment in time.
I think I get it!
At all times = At any time, because it will get updated at any time.

I'm assuming my FICO updates on soft pulls as well?



Title: Re: credit score
Post by: etech0 on November 11, 2015, 10:56:25 AM
Always leave $2 on your Disco card before the statement cuts, so Disco will write it off and report a $0 balance.
And Discover doesn't get annoyed if you do this consistently?
Title: Re: credit score
Post by: PillanSmye on November 11, 2015, 11:03:19 AM
I think I get it!
At all times = At any time, because it will get updated at any time.

I'm assuming my FICO updates on soft pulls as well?
Of course.  Your CC issuers aren't hard pulling you to supply you a monthly FICO.

You dont have a FICO score attached to your reports.  A new score is generated whenever your report is pulled.  And that score is representative of that particular moment in time.

If you get your score at 12:30, and then an issuer reports a maxed out card at 12:31, your score will be different if pulled again at 12:32
Title: Re: credit score
Post by: Zalc on November 11, 2015, 11:48:46 AM



Thank you for your help!
Title: Re: credit score
Post by: rots5 on November 11, 2015, 01:03:54 PM
make sense that my score just took a 30 point hit from a car loan app?
Title: Re: credit score
Post by: Mendelssohn on November 11, 2015, 11:46:34 PM
make sense that my score just took a 30 point hit from a car loan app?

Where did you get the score?
Title: Re: credit score
Post by: David Smith on November 11, 2015, 11:52:23 PM
10 point jump after 1 card reporting $3, however, score updated two days before four new accounts hit report, so that'll cause a hit.
Title: Re: credit score
Post by: CS91 on November 12, 2015, 12:41:44 AM
At all times means at all times.  Your FICO scores don't go off months, or 30 days periods or anything else.  FICO scores are a snapshot of that exact moment in time.

What you do on one Chase card has nothing to do with how another Chase card reports.
So basically, everyone that does this $2/$3 trick is sending in a payment each time they swipe their card? I thought people just pay off the whole balance a day or two before the statement closes...
Title: Re: credit score
Post by: yochiek93 on November 12, 2015, 12:48:42 AM
So basically, everyone that does this $2/$3 trick is sending in a payment each time they swipe their card? I thought people just pay off the whole balance a day or two before the statement closes...
+1 thought the same
Title: Re: credit score
Post by: Zalc on November 12, 2015, 12:52:51 AM
So basically, everyone that does this $2/$3 trick is sending in a payment each time they swipe their card? I thought people just pay off the whole balance a day or two before the statement closes...
Not at all.

The way I understood it: Most banks only update the report when the statement prints (and chase updates whenever you pay).

Therefore when your credit pulls, the puller will only see your latest statement amount on all your cards.

So you can still have a balance on multiple cards while only letting one card show a balance on your report.

Question: Are there any banks that update balances before your statements that I should keep an eye on?
Title: Re: credit score
Post by: CS91 on November 12, 2015, 12:55:20 AM
Not at all.

The way I understood it: Most banks only update the report when the statement prints (and chase updates whenever you pay).

Therefore when your credit pulls, the puller will only see your latest statement amount on all your cards.

So you can still have a balance on multiple cards whole only letting one card show a balance on your report.

Question: Are there any banks that update balances before your statements that I should keep an eye on?

So basically, if I set all my cards to close on the 15th of the month, and on the 13th I pay all of them off in full except for one and leave $2 (not Discover) outstanding on that one card, I'll be doing the $2/$3 trick successfully? I know it's been discussed here in length but would love to get a clear answer from someone who does this on a consistent basis because I'm trying to really raise my score before I apply to refinance my student loans in a few months...
Title: Re: credit score
Post by: Mendelssohn on November 12, 2015, 04:13:54 AM
So basically, if I set all my cards to close on the 15th of the month, and on the 13th I pay all of them off in full except for one and leave $2 (not Discover) outstanding on that one card, I'll be doing the $2/$3 trick successfully? I know it's been discussed here in length but would love to get a clear answer from someone who does this on a consistent basis because I'm trying to really raise my score before I apply to refinance my student loans in a few months...

Yes.
Title: Re: credit score
Post by: PillanSmye on November 12, 2015, 08:51:41 AM
Not at all.

The way I understood it: Most banks only update the report when the statement prints (and chase updates whenever you pay).

Therefore when your credit pulls, the puller will only see your latest statement amount on all your cards.

So you can still have a balance on multiple cards while only letting one card show a balance on your report.

Question: Are there any banks that update balances before your statements that I should keep an eye on?
  That's exactly it.  The issuers furnish information to the CRA's.  Generally, this is when your statement cuts.

Chase will also furnish account info to the CRA's when you PIF.

DCU furnishes their info on the 1st of the month.

BofA likes to report everything.  They will furnish new info often immediately if you get a CLI, PC a card, make a big charge, or get close to your credit limits.

Title: Re: credit score
Post by: D93 on November 12, 2015, 09:08:09 AM
For some reason Chase (in PA, if it matters) doesn't report less than a $5 balance on my reports.
Title: Re: credit score
Post by: Mendelssohn on November 12, 2015, 09:10:55 AM
  That's exactly it.  The issuers furnish information to the CRA's.  Generally, this is when your statement cuts.

Chase will also furnish account info to the CRA's when you PIF.

DCU furnishes their info on the 1st of the month.

BofA likes to report everything.  They will furnish new info often immediately if you get a CLI, PC a card, make a big charge, or get close to your credit limits.

DCU is the last day of the month.
Title: Re: credit score
Post by: CS91 on November 12, 2015, 09:13:52 AM
For some reason Chase (in PA, if it matters) doesn't report less than a $5 balance on my reports.

So if the card that I'm leaving a balance on is a Chase card, I should leave $5?
Title: Re: credit score
Post by: D93 on November 12, 2015, 09:15:21 AM
So if the card that I'm leaving a balance on is a Chase card, I should leave $5?

Have you ever left less than $5 on a Chase card? If yes, take a look at your reports and see if they reported it.
Title: Re: credit score
Post by: Mendelssohn on November 12, 2015, 09:16:16 AM
So if the card that I'm leaving a balance on is a Chase card, I should leave $5?

If that's how it works for you, yes.

The goal is to get the smallest amount possible to report on a single card.  $2 is reliable for most cards since smaller amounts are quite frequently credited to $0.  Obviously this varies by issuer, and you need to figure out what works.

If you do this, you get the most points possible from FICO for the utilization portion of your score.
Title: Re: credit score
Post by: CS91 on November 12, 2015, 09:41:06 AM
Have you ever left less than $5 on a Chase card?

I've never done that. I never let the statement close with a high balance, so if I'm MSing on a card, I'll pay most of it before the statement, but never less than $5.
Title: Re: credit score
Post by: Mendelssohn on November 12, 2015, 11:18:56 AM
Chase is not an ideal card to use anyway since they often report mid-cycle if you pay your account.

As already mentioned, your FICO scores are generated the moment a score is requested, so having a card update mid-cycle to $0 is not desirable.
Title: Re: credit score
Post by: CS91 on November 12, 2015, 11:22:52 AM
Chase is not an ideal card to use anyway since they often report mid-cycle if you pay your account.

As already mentioned, your FICO scores are generated the moment a score is requested, so having a card update mid-cycle to $0 is not desirable.

Ok so if I use an Amex card to leave a $2 balance, what should I do with my Chase cards? Just submit one payment for the full balance a couple of days before statement closes?
Title: Re: credit score
Post by: yochiek93 on November 12, 2015, 12:07:55 PM
Chase is not an ideal card to use anyway since they often report mid-cycle if you pay your account.

As already mentioned, your FICO scores are generated the moment a score is requested, so having a card update mid-cycle to $0 is not desirable.
So what exactly should be done to get the most out of the $2 trick
Title: Re: credit score
Post by: Mendelssohn on November 12, 2015, 01:07:14 PM
Assuming clean reports, $2 on a card that will not update to $0 mid cycle when paid.

You want this reporting every day of the month.
Title: Re: credit score
Post by: yochiek93 on November 12, 2015, 01:11:07 PM
Assuming clean reports, $2 on a card that will not update to $0 mid cycle when paid.

You want this reporting every day of the month.
But if chase is randomly reporting.... Then how can you always make sure that you only have $2 and that's all?
Title: Re: credit score
Post by: CS91 on November 12, 2015, 01:11:42 PM
But if chase is randomly reporting.... Then how can you always make sure that you only have $2 and that's all?

Happy to see I'm not the only one that is super confused.  :D
Title: Re: credit score
Post by: noturbizniss on November 12, 2015, 01:27:45 PM
How do negative balances impact the scores?
Title: Re: credit score
Post by: etech0 on November 12, 2015, 01:39:39 PM
So I need to set it up so that right when I pay the $2, another statement posts with $2?
Title: Re: credit score
Post by: D93 on November 12, 2015, 01:41:16 PM
How do negative balances impact the scores?

On my reports - Amex reports negative balances as $0
Title: Re: credit score
Post by: Mendelssohn on November 12, 2015, 02:38:19 PM
It's real simple. Don't use Chase for this. Some of you are complicating this unnecessarily.

Negative balances report as $0.
Title: Re: credit score
Post by: CS91 on November 12, 2015, 02:40:30 PM
It's real simple. Don't use Chase for this. Some of you are complicating this unnecessarily.

What's confusing me (and probably others) is when/how often Chase card balances should be paid off. Should they just be paid once a month, in full, several days before statement closes? Or, should they be paid off in full every time a charge posts to the account?
Title: Re: credit score
Post by: Mendelssohn on November 12, 2015, 02:43:27 PM
Chase doesn't report balances mid cycle. They report payment in full mid cycle.
Title: Re: credit score
Post by: CS91 on November 12, 2015, 02:44:10 PM
Chase doesn't report balances mid cycle. They report payment in full mid cycle.

Still don't know what the answer to my question is...
Title: Re: credit score
Post by: ari2955 on November 12, 2015, 03:40:19 PM
Still don't know what the answer to my question is...

Chase will only report at statement closing or mid cycle if you pay in full

So if you're using a chase card for this game, never pay it in full, always leave at least $2 and you'll be good.
Title: Re: credit score
Post by: yochiek93 on November 12, 2015, 03:43:43 PM
Chase will only report at statement closing or mid cycle if you pay in full

So if you're using a chase card for this game, never pay it in full, always leave at least $2 and you'll be good.
So then why are people saying not to use chase?
Title: Re: credit score
Post by: Mendelssohn on November 12, 2015, 03:51:29 PM
Chase will only report at statement closing or mid cycle if you pay in full

So if you're using a chase card for this game, never pay it in full, always leave at least $2 and you'll be good.

No. Don't use Chase for this. At some point it will update to $0 which is NOT what you want.

As I said, don't make it difficult.
Title: Re: credit score
Post by: yitrap on November 12, 2015, 03:53:56 PM
So if my Chase card closed at a high balance I could pay in full and get it to report mid-cycle at $0?
Title: Re: credit score
Post by: Mendelssohn on November 12, 2015, 03:54:47 PM
Yes.
Title: Re: credit score
Post by: yitrap on November 12, 2015, 03:56:06 PM
Cool trick :)
Title: Re: credit score
Post by: etech0 on November 12, 2015, 03:56:43 PM
So I need to set it up so that right when I pay the $2, another statement posts with $2?
bump
Title: Re: credit score
Post by: Mendelssohn on November 12, 2015, 03:58:50 PM
bump

Again, don't use Chase. I'm going to stop answering that question as I have already been clear.
Title: Re: credit score
Post by: D93 on November 12, 2015, 04:06:19 PM
Maybe the mods should merge this thread with this one (http://forums.dansdeals.com/index.php?topic=49416.0).
Title: Re: credit score
Post by: etech0 on November 12, 2015, 04:21:26 PM
Again, don't use Chase. I'm going to stop answering that question as I have already been clear.
Ah, I didn't realize that using another bank would fix that problem.

So if you're not using chase, you can always use the same card for the $2 one. CMIIW
Title: Re: credit score
Post by: Mendelssohn on November 12, 2015, 05:03:08 PM
Correct. Use another issuer and PIF after the statement cuts.
Title: Re: credit score
Post by: etech0 on November 12, 2015, 05:55:19 PM
Correct. Use another issuer and PIF after the statement cuts.
Great - thanks so much for your explanations and patience!!

One more question: I'm assuming that this only applies to primary cards, is that correct? In other words, if I have an AU card on someone else's account, the amount they owe won't have any bearing on the $2 trick.
Title: Re: credit score
Post by: Mendelssohn on November 12, 2015, 05:59:39 PM
Your AU cards should report $0.
Title: Re: credit score
Post by: etech0 on November 12, 2015, 06:02:18 PM
Your AU cards should report $0.
Do you mean I should get them to report $0, or that they automatically do?
TIA
Title: Re: credit score
Post by: Mendelssohn on November 12, 2015, 06:05:49 PM
You need to pay them to $0 before the statements cut. That counts in utilization.
Title: Re: credit score
Post by: D93 on November 12, 2015, 06:17:30 PM
You need to pay them to $0 before the statements cut. That counts in utilization.

Tell me about it.... I was an AU on a card closing with $20k a month, after I had it removed from my report my score shot way up :)
Title: Re: credit score
Post by: etech0 on November 12, 2015, 06:22:01 PM
You need to pay them to $0 before the statements cut. That counts in utilization.
So basically I have to get rid of my AU card on my parent's CC, in order to do the $2 trick.

Okay, thanks!
Title: Re: credit score
Post by: Mendelssohn on November 12, 2015, 06:38:23 PM
So basically I have to get rid of my AU card on my parent's CC, in order to do the $2 trick.

Okay, thanks!

Yep.
Title: Re: credit score
Post by: PillanSmye on November 12, 2015, 09:09:13 PM
But if chase is randomly reporting.... Then how can you always make sure that you only have $2 and that's all?

Who said Chase is "randomly" reporting? 

Chase reports when your statement cuts, and if you PIF.  There is nothing "random" about it.
Title: Re: credit score
Post by: etech0 on November 12, 2015, 09:12:34 PM
Who said Chase is "randomly" reporting? 

Chase reports when your statement cuts, and if you PIF.  There is nothing "random" about it.
And, if your Chase statements always cut with $0 balance, it doesn't matter if they randomly update.

IOW, (if I understand correctly), any amount of 'debt' you have (ie: what you owe the CC company) will never get sent to your credit report until there's a statement for it. If you pay it off before the statement closes, as far as your credit report goes, you never owed it.
Title: Re: credit score
Post by: Mendelssohn on November 12, 2015, 09:17:04 PM
And, if your Chase statements always cut with $0 balance, it doesn't matter if they randomly update.

IOW, (if I understand correctly), any amount of 'debt' you have (ie: what you owe the CC company) will never get sent to your credit report until there's a statement for it. If you pay it off before the statement closes, as far as your credit report goes, you never owed it.

Payment history is reported.
Title: Re: credit score
Post by: etech0 on November 12, 2015, 09:19:21 PM
Payment history is reported.
Aha. But that's unrelated to the $2 trick?
Title: Re: credit score
Post by: PillanSmye on November 12, 2015, 09:23:46 PM
Maybe the mods should merge this thread with this one (http://forums.dansdeals.com/index.php?topic=49416.0).

No, that thread gives me a headache.
Title: Re: credit score
Post by: PillanSmye on November 12, 2015, 09:25:06 PM
And, if your Chase statements always cut with $0 balance, it doesn't matter if they randomly update.

It doesn't matter if they randomly update, because they don't randomly update.
Title: Re: credit score
Post by: PillanSmye on November 12, 2015, 09:26:55 PM


You should spend some time on CB reading about how CRA's and the entire system works.

After you have a basic grasp, do a search for the Master Graphs thread and look through it.
Title: Re: credit score
Post by: yochiek93 on November 12, 2015, 09:27:29 PM
Who said Chase is "randomly" reporting? 

Chase reports when your statement cuts, and if you PIF.  There is nothing "random" about it.
Maybe you misunderstood what I meant by random what I meant was could be more then once in a month
Title: Re: credit score
Post by: Marko Rubio on November 12, 2015, 09:34:25 PM
this $2 trick sounds awesome I just have 1 question will all my cc that are closing with a $0 balance still update my payment history? don't I need to leave a small balance on each card when statement close to update my payment history each month on all cards?
Title: Re: credit score
Post by: yochiek93 on November 12, 2015, 09:36:00 PM
this $2 trick sounds awesome I just have 1 question will all my cc that are closing with a $0 balance still update my payment history? don't I need to leave a small balance on each card when statement close to update my payment history each month on all cards?
Payment history is reported.
trying to fix up your credit? ;)
Title: Re: credit score
Post by: Marko Rubio on November 12, 2015, 09:38:50 PM

but I remember mendelshon saying somewhere (I think on other thread) that "most" banks will update payment history so its most not all, any idea which banks do and which not?
Title: Re: credit score
Post by: PillanSmye on November 12, 2015, 09:45:26 PM
If you use a card during the month, then the account has activity and a statement gets generated, whether you have a balance when the statement is cut or not.

Many banks will generate a statement on a $0 balance account even without activity.

You can trick store cards issued by the likes of Comenity and Synchrony, as well as a lot of credit unions into generating statements and reporting to the CRA's by pushing $1 from your checking account to the card account.  Even though you have a $1 credit, this will show up as activity, force them to generate a statement, force them to report.  Comenity and Sync will mail you a refund check, credit unions will either carry the $1 credit, or transfer the credit out to your share account.
Title: Re: credit score
Post by: ari2955 on November 12, 2015, 09:48:04 PM
Tell me about it.... I was an AU on a card closing with $20k a month, after I had it removed from my report my score shot way up :)
Did getting yourself removed from their account enough to stop the reporting? Or did you need to dispute the account from your credit report?
Title: Re: credit score
Post by: PillanSmye on November 12, 2015, 09:55:47 PM
Did getting yourself removed from their account enough to stop the reporting? Or did you need to dispute the account from your credit report?

That's hit or miss.  Sometimes AU's will just disappear when closed.  Sometimes they will stick.

If you want it gone, a simple letter to the CRA's stating you were not financially liable for this account will get it gone.
Title: Re: credit score
Post by: etech0 on November 12, 2015, 10:00:56 PM
You should spend some time on CB reading about how CRA's and the entire system works.

After you have a basic grasp, do a search for the Master Graphs thread and look through it.
It's on my todo list :)

Thanks!
Title: Re: credit score
Post by: Zalc on November 12, 2015, 10:12:50 PM
Will removing a old AU card hurt my AAOA?

It is several years older than my oldest individual account.

If not, I'd like to take it off as the person responsible always lets it close with a balance. Makes sense?
Title: Re: credit score
Post by: ari2955 on November 12, 2015, 10:15:59 PM
That's hit or miss.  Sometimes AU's will just disappear when closed.  Sometimes they will stick.

If you want it gone, a simple letter to the CRA's stating you were not financially liable for this account will get it gone.
Thanks!

You should spend some time on CB reading about how CRA's and the entire system works.

After you have a basic grasp, do a search for the Master Graphs thread and look through it.
I would also be interested in this. Mind pointing me to a specific thread on CB to start (CB just looks scary to me, I get lost on that site..  :-\)
Title: Re: credit score
Post by: PillanSmye on November 12, 2015, 10:32:31 PM
Will removing a old AU card hurt my AAOA?

It is several years older than my oldest individual account.

If not, I'd like to take it off as the person responsible always lets it close with a balance. Makes sense?

The best thing to do would be to get the AU card to report a $0 balance one month, then close the card.  If you get lucky, the card would stay on your credit files with a $0 balance for 10 years.
Title: Re: credit score
Post by: David Smith on November 12, 2015, 10:42:42 PM
The best thing to do would be to get the AU card to report a $0 balance one month, then close the card.  If you get lucky, the card would stay on your credit files with a $0 balance for 10 years.
That's a great idea. You don't just know the game, you're smart too. Glad you're on the forums!
Title: Re: credit score
Post by: Zalc on November 12, 2015, 10:47:49 PM
The best thing to do would be to get the AU card to report a $0 balance one month, then close the card.  If you get lucky, the card would stay on your credit files with a $0 balance for 10 years.
Thank you!

It's a bank of america card, would you happen to know how they treat closed AU?

If it would get removed, I think the hit to AAOA would overrule the gain from this...
Title: Re: credit score
Post by: D93 on November 13, 2015, 02:30:09 AM
Did getting yourself removed from their account enough to stop the reporting? Or did you need to dispute the account from your credit report?

The same day I removed myself as an AU, I disputed the account with the CB's, and the CB's removed it - TU 3 days later and EX 3 weeks later. (the account wasn't showing on my EQ)
Title: Re: credit score
Post by: PillanSmye on November 13, 2015, 02:50:14 AM
It's a bank of america card, would you happen to know how they treat closed AU?

If it would get removed, I think the hit to AAOA would overrule the gain from this...

Really not sure.  I don't know if the banks remove the AU listings, or the CRA's (when they disappear themselves without a dispute).  So I am not sure if different banks handle it differently.  I suppose its very possible that some banks automatically request deletion of the trade line for an AU account after it is closed.

I've never been an AU, so my experience/research on them has only gone so deep... 

Title: Re: credit score
Post by: PillanSmye on November 13, 2015, 03:10:33 AM
I cleaned up the wiki and added some new ones.

It's important to know what the score is you are looking at.  Citi for example doesn't give a standard EQ FICO 08 with an 850 range.  They supply an EQ Bankcard enhanced score with a 900 range.
Title: Re: credit score
Post by: David Smith on November 13, 2015, 03:23:05 AM
I cleaned up the wiki and added some new ones.

It's important to know what the score is you are looking at.  Citi for example doesn't give a standard EQ FICO 08 with an 850 range.  They supply an EQ Bankcard enhanced score with a 900 range.
Thanks.
Title: Re: credit score
Post by: noturbizniss on November 13, 2015, 06:48:16 AM
When preparing to mortgage shop What's the best act no offer to get? Myfico? Who gives all scores, or at least the ones mortgage lenders use?
Title: Re: credit score
Post by: Mendelssohn on November 13, 2015, 07:04:55 AM
When preparing to mortgage shop What's the best act no offer to get? Myfico? Who gives all scores, or at least the ones mortgage lenders use?

MF gives 04 scores as part if the other scores you get.

DCU for EQ and PSECU for EX.
Title: Re: credit score
Post by: noturbizniss on November 13, 2015, 07:09:46 AM
MF gives 04 scores as part if the other scores you get.

DCU for EQ and PSECU for EX.
And Myfico gives all 3 bureaus right?
Title: Re: credit score
Post by: Mendelssohn on November 13, 2015, 07:14:25 AM
And Myfico gives all 3 bureaus right?

Yes.
Title: Re: credit score
Post by: noturbizniss on November 13, 2015, 07:17:26 AM
Yes.
Thanks much! Do you have an alert set for this board?
Title: Re: credit score
Post by: Mendelssohn on November 13, 2015, 07:19:38 AM
No. I'm up early drinking my coffee. ;)
Title: Re: credit score
Post by: benjie1305 on November 13, 2015, 07:38:21 AM
No. I'm up early drinking my coffee. ;)

+1 to that.

I think we should look into a Credit Board. But then again, CB already exists.  :D
Title: Re: credit score
Post by: Mendelssohn on November 13, 2015, 08:04:34 AM
CB is by far the best. Don't even think about MF. There's a lot of misinformation there, and because of the relationship with FICO, not all topics are allowed.
Title: Re: credit score
Post by: noturbizniss on November 13, 2015, 08:43:41 AM
CB is by far the best. Don't even think about MF. There's a lot of misinformation there, and because of the relationship with FICO, not all topics are allowed.
Ive dabbled on CB but it's so huge and daunting
Title: Re: credit score
Post by: noturbizniss on November 13, 2015, 08:49:54 AM
As far as scores and CR go, is it confirmed that I can carry huge balances on business cards and it has no impact?
Title: Re: credit score
Post by: coralsnake on November 13, 2015, 09:16:28 AM
As far as scores and CR go, is it confirmed that I can carry huge balances on business cards and it has no impact?
Doesnt report so can't have an impact whatsoever. Except for Crap1.
Title: Re: credit score
Post by: ydf on November 17, 2015, 09:27:03 PM
does using my card and paying it every month make my score better then just having the card open and not using it? meaning to ask does it pay to rather split my purchases every month to all my cards and pay it off then rather using 1 card (and do the $2 trick) and not using my other cards?
Title: Re: credit score
Post by: Marko Rubio on November 17, 2015, 09:38:16 PM
does using my card and paying it every month make my score better then just having the card open and not using it? meaning to ask does it pay to rather split my purchases every month to all my cards and pay it off then rather using 1 card (and do the $2 trick) and not using my other cards?
would anyone know the answer on this question? I also wana know do I gain anything of having activity every month on every card?
Title: Re: credit score
Post by: David Smith on November 17, 2015, 09:41:01 PM
would anyone know the answer on this question? I also wana know do I gain anything of having activity every month on every card?
Only need to have balance report in one card for credit score purposes. Don't let to many months go by with zero activity on a card, or it may get shut.
Title: Re: credit score
Post by: Marko Rubio on November 17, 2015, 09:45:06 PM
Only need to have balance report in one card for credit score purposes. Don't let to many months go by with zero activity on a card, or it may get shut.
right that's $2 trick, but the $2 is using your card every month as usual, u are just paying every card to $0 except 1 card u leave a $2 balance, is it the same thing if I don't use at all all cards every month I just use 1 card for all purchases and I pay it off (except $2) before closing date?
Title: Re: credit score
Post by: TimT on November 17, 2015, 09:49:34 PM
right that's $2 trick, but the $2 is using your card every month as usual, u are just paying every card to $0 except 1 card u leave a $2 balance, is it the same thing if I don't use at all all cards every month I just use 1 card for all purchases and I pay it off (except $2) before closing date?
No need to use every card every month. Use it from time to time to keep it active.
Title: Re: credit score
Post by: ydf on November 17, 2015, 09:51:58 PM
No need to use every card every month. Use it from time to time to keep it active.
thanks, but don't I gain anything from using multiple cards every month and pay it before closing date then using just 1 card for everything?
Title: Re: credit score
Post by: yochiek93 on November 17, 2015, 09:59:15 PM
thanks, but don't I gain anything from using multiple cards every month and pay it before closing date then using just 1 card for everything?
You can get 5x in certain instances....
Title: Re: credit score
Post by: ydf on November 17, 2015, 10:01:14 PM
You can get 5x in certain instances....
thanks, but talking about affect on scoring?
Title: Re: credit score
Post by: David Smith on November 17, 2015, 10:02:07 PM
thanks, but don't I gain anything from using multiple cards every month and pay it before closing date then using just 1 card for everything?
Credit score wise, no difference. You may have other reasons that you want to use multiple cards. As you may have noticed, some people here have more than one credit card.....
Title: Re: credit score
Post by: ydf on November 17, 2015, 10:03:47 PM
Credit score wise, no difference. You may have other reasons that you want to use multiple cards. As you may have noticed, some people here have more than one credit card.....
but how does it look on your report if u don't use it at all? I assume they cant show payment history
Title: Re: credit score
Post by: David Smith on November 17, 2015, 10:05:52 PM
but how does it look on your report if u don't use it at all? I assume they cant show payment history
It looks like you used $2 out of xxxxx amount of s available credit, and that your  payment was current for that month. Zero activity on all cards looks like you were inactive that month.
Title: Re: credit score
Post by: yochiek93 on November 17, 2015, 10:06:14 PM
but how does it look on your report if u don't use it at all? I assume they cant show payment history
So use all your cards
Title: Re: credit score
Post by: ydf on November 17, 2015, 10:09:47 PM
It looks like you used $2 out of xxxxx amount of s available credit, and that your  payment was current for that month. Zero activity on all cards looks like you were inactive that month.
but afaik they show payment activity for each card separate, that's how I read the credit report I see by each card separate saying that green boxes payment ok, is it not that way?
Title: Re: credit score
Post by: David Smith on November 17, 2015, 10:13:47 PM
but afaik they show payment activity for each card separate, that's how I read the credit report I see by each card separate saying that green boxes payment ok, is it not that way?
Even with zero activity on that card you will get a green box.
Title: Re: credit score
Post by: ydf on November 17, 2015, 10:15:56 PM
Even with zero activity on that card you will get a green box.
thanks so much, I thought its updating for every card based on the payment on that card every month
Title: Re: credit score
Post by: WAM on November 18, 2015, 11:43:51 AM
If I went over my credit limit by $6 and it reported to the cb, does it hurt either my score, or an AU's score? It was an Amex BCE, credit limit was $600.
Title: Re: credit score
Post by: Mendelssohn on November 18, 2015, 12:43:16 PM
If I went over my credit limit by $6 and it reported to the cb, does it hurt either my score, or an AU's score? It was an Amex BCE, credit limit was $600.

Anything 90%+ is considered a maxed out card and will definitely drop scores substantially. 

Unless you have a super thick file with a lot of open accounts, expect a large drop.
Title: Re: credit score
Post by: Mendelssohn on November 18, 2015, 12:45:08 PM
but afaik they show payment activity for each card separate, that's how I read the credit report I see by each card separate saying that green boxes payment ok, is it not that way?

The "OK" is the status, but actual payment history is reported as well.  Most creditors will update with an "OK" whether you use the card or not, but some such as Comenity, do not.
Title: Re: credit score
Post by: WAM on November 18, 2015, 01:17:03 PM
Anything 90%+ is considered a maxed out card and will definitely drop scores substantially. 

Unless you have a super thick file with a lot of open accounts, expect a large drop.
I mean, other than the util %, does it have any long term effect?
Title: Re: credit score
Post by: Mendelssohn on November 18, 2015, 01:38:22 PM
I mean, other than the util %, does it have any long term effect?

It is possible that you may be placed on a different FICO scorecard for a few months, but that's about it. 

I would never recommend ever letting a card report 90%+ though.
Title: Re: credit score
Post by: WAM on November 18, 2015, 01:53:34 PM
It is possible that you may be placed on a different FICO scorecard for a few months, but that's about it. 

I would never recommend ever letting a card report 90%+ though.
Doesn't paying it off make it go away?
Title: Re: credit score
Post by: Mendelssohn on November 18, 2015, 01:57:34 PM
Doesn't paying it off make it go away?

That's not how rebucketing always works.

It's possible to get rebucketed for a certain change and then when your reports return to normal, have a lag time of up to a few months before you get moved back.

Remember, FICO scores are not a snapshot in time.

FICO scores are a snapshot in time based on your current scorecard.
Title: Re: credit score
Post by: WAM on November 18, 2015, 02:39:10 PM
That's not how rebucketing always works.

It's possible to get rebucketed for a certain change and then when your reports return to normal, have a lag time of up to a few months before you get moved back.

Remember, FICO scores are not a snapshot in time.

FICO scores are a snapshot in time based on your current scorecard.
So, if I'm not planning on applying for credit in the next few months, I shouldn't worry too much because it doesn't have a direct long term hit on my credit? Can there be collateral damage, such as another creditor slashing my CL?
Title: Re: credit score
Post by: RefuaFan on November 18, 2015, 02:54:52 PM
I want to help my brother raise his credit score. He's almost 23 and has 1 credit/debit card from his bank (not sure, might be just debit?).

1. Adding him as an AU with his social on one or more cards will still start helping his credit, or did that change?

1b. Is there a hard pull for him when I add him to cards as an AU?

2. Will adding him as an AU effect my score at all?

Separate question: Since business cards only impact your score with the balance that's left past 1 month of posting, do you need to have a balance of 0 the next month? Say I had a balance of $600 in May, and pay it fully during June, but build a balance of $400 in June. When June posts, that $400 balance is looked at separately from May's $600, or do they just see it like you've still got a balance the next month?

Thanks!
Title: Re: credit score
Post by: David Smith on November 18, 2015, 02:58:40 PM
Yes, no, no, no.
Title: Re: credit score
Post by: RefuaFan on November 18, 2015, 03:14:48 PM
Yes, no, no, no.

I assume the Business card "no" = months are totally separate? Thanks!
Title: Re: credit score
Post by: yochiek93 on November 18, 2015, 03:19:49 PM
I assume the Business card "no" = months are totally separate? Thanks!
Yup
Title: Re: credit score
Post by: yochiek93 on November 18, 2015, 03:19:57 PM
I assume the Business card "no" = months are totally separate? Thanks!
Yup
Title: Re: credit score
Post by: Mendelssohn on November 18, 2015, 03:23:23 PM
So, if I'm not planning on applying for credit in the next few months, I shouldn't worry too much because it doesn't have a direct long term hit on my credit? Can there be collateral damage, such as another creditor slashing my CL?

Correct on long term impact.

It's always possible that creditors will take AA if you have a maxed out card, but as long as you pay it off by next month, it's unlikely.
Title: Re: credit score
Post by: Mendelssohn on November 18, 2015, 03:58:41 PM
I want to help my brother raise his credit score. He's almost 23 and has 1 credit/debit card from his bank (not sure, might be just debit?).

1. Adding him as an AU with his social on one or more cards will still start helping his credit, or did that change?

1b. Is there a hard pull for him when I add him to cards as an AU?

2. Will adding him as an AU effect my score at all?

Separate question: Since business cards only impact your score with the balance that's left past 1 month of posting, do you need to have a balance of 0 the next month? Say I had a balance of $600 in May, and pay it fully during June, but build a balance of $400 in June. When June posts, that $400 balance is looked at separately from May's $600, or do they just see it like you've still got a balance the next month?

Thanks!

Just because a creditor doesn't ask for a SSN doesn't mean that it won't report.

Some people have trouble getting non spousal AUs to report, especially on EQ.

If you have a couple of older cards (non Amex) that always report a $0 balance, add him to those.

He can always try the pre approval tool with Amex, Chase, Citi, BOA, US Bank, Discover and Cap1.

Cap1 and Discover will usually approve with no open accounts reporting.  Amex and Chase have been know to approve (instant only) with only AUs reporting.
Title: Re: credit score
Post by: avrumy22 on November 18, 2015, 05:11:04 PM
Not sure what went wrong but I had my wife as an AU for over 6 months and then got denied for having too many cards opened within 2 years. So basically opening AU's killed it for her.
(had 3 in her name).



Title: Re: credit score
Post by: TimT on November 18, 2015, 05:12:01 PM
Not sure what went wrong but I had my wife as an AU for over 6 months and then got denied for having too many cards opened within 2 years. So basically opening AU's killed it for her.
(had 3 in her name).
Chase ?
Title: Re: credit score
Post by: Mendelssohn on November 18, 2015, 05:16:55 PM
Not sure what went wrong but I had my wife as an AU for over 6 months and then got denied for having too many cards opened within 2 years. So basically opening AU's killed it for her.
(had 3 in her name).

Yep, Chase includes AU accounts in their tally.
Title: Re: credit score
Post by: David Smith on November 18, 2015, 05:54:04 PM
Not sure what went wrong but I had my wife as an AU for over 6 months and then got denied for having too many cards opened within 2 years. So basically opening AU's killed it for her.
(had 3 in her name).
Remove from report, ask Chase recon to recheck, and then dispute double pull with EX.
Title: Re: credit score
Post by: LS90 on November 18, 2015, 06:17:57 PM
Remove from report, ask Chase recon to recheck, and then dispute double pull with EX.

Is there any downside to removing an AU and deleting the account from the report besides loss of credit line?
Title: Re: credit score
Post by: yochiek93 on November 18, 2015, 06:19:57 PM
Is there any downside to removing an AU and deleting the account from the report besides loss of credit line?
Credit history
Title: Re: credit score
Post by: Mendelssohn on November 18, 2015, 06:27:00 PM
If your credit scores are being propped up by AUs your scores could go down.
Title: Re: credit score
Post by: WAM on November 18, 2015, 06:37:38 PM
If your credit scores are being propped up by AUs your scores could go down.
There's a ton for me to learn, I always thought that AU's don't affect the primary cardholder.
Title: Re: credit score
Post by: cholent on November 18, 2015, 06:42:21 PM
There's a ton for me to learn, I always thought that AU's don't affect the primary cardholder.
They don't. He meant if her score was being propped up by being an au on your card, her scores will go down... iiuc
Title: Re: credit score
Post by: Mendelssohn on November 18, 2015, 07:16:57 PM
They don't. He meant if her score was being propped up by being an au on your card, her scores will go down... iiuc

Correct.

No impact on primary.
Title: Re: credit score
Post by: WAM on November 18, 2015, 07:19:02 PM
Correct.

No impact on primary.

They don't. He meant if her score was being propped up by being an au on your card, her scores will go down... iiuc
Thanks, that had my head spinning.

IOW, if the credit line (because she has enough other credit) and credit history (because her aaoa is old enough to combat that) on these cards weren't affecting her score, then her score won't go down, otherwise it will.
Did I get that right? Are there other factors?
Title: Re: credit score
Post by: avrumy22 on November 18, 2015, 07:49:48 PM
Chase ?

Amex AU's. Applied for Chase freedom
Title: Re: credit score
Post by: TimT on November 18, 2015, 07:55:58 PM

The au's are on her CR. Chase considers that new accounts.
Title: Re: credit score
Post by: David Smith on November 19, 2015, 12:47:00 AM
I thought that applying for two amex revolves, getting double pulled, and disputing one was SOP, but I'm seeing on credit boards that disputing inquiries is not recommended. Is that at all relevant to this, or that's just completely disputing inquiries, as apposed to requesting them consolidated?
Title: Re: credit score
Post by: Cappy on November 19, 2015, 02:14:23 AM
I thought that applying for two amex revolves, getting double pulled, and disputing one was SOP, but I'm seeing on credit boards that disputing inquiries is not recommended. Is that at all relevant to this, or that's just completely disputing inquiries, as apposed to requesting them consolidated?

Hey David,

First off, 2 Amex Revolvers usually end up resulting in a single HP...

You don't request for them to be consolidated. If you're hit with 2 HP, you're out of luck.

Don't ever dispute legitimate inquiries....

If you ever get denied for that SPECIFIC reason, it's always going to be a different reason. I.E. New accounts...

Good luck :)

Title: Re: credit score
Post by: D93 on November 19, 2015, 02:19:49 AM
Hey David,

First off, 2 Amex Revolvers usually end up resulting in a single HP...
Incorrect, when they put the 2nd revolver on the "5 day hold", it always results in a 2nd pull.

Quote
You don't request for them to be consolidated. If you're hit with 2 HP, you're out of luck.

Don't ever dispute legitimate inquiries....

If you ever get denied for that SPECIFIC reason, it's always going to be a different reason. I.E. New accounts...

Good luck :)

What's the issue with calling EX and having one removed, they just consolidate it on the spot, they don't open a "dispute"?
Title: Re: credit score
Post by: PillanSmye on November 19, 2015, 03:25:48 AM
Incorrect, when they put the 2nd revolver on the "5 day hold", it always results in a 2nd pull.

this^^^

Quote
What's the issue with calling EX and having one removed, they just consolidate it on the spot, they don't open a "dispute"?

That is more of a CB thing.  Remember, CB is geared towards the credit challenged/credit rebuilders.  So the mantras are:  1.   Do not call CRA's.  2.  Do not dispute inquiries. 

That's more to limit collateral damage to people who won't take the time to read and educate themselves than it is for people who know more.  If CB were suggesting you could call AMEX, then some poor soul would read that and think it's ok to call a CRA and dispute charge-offs, collections accounts, JDB etc.  Those people need to be making written disputes, getting a paper trail and catch the companies slipping in their timeframes, validations/verifications or lying.  People would also be calling to dispute INQ's for their app sprees, car shopping or whatever else.  They wind up getting fraud alerts, which makes getting credit harder and can lead to new accounts getting frozen or shutdown as well.

I've had my EX special handler erase lots of INQ's.   ;)
Title: Re: credit score
Post by: D93 on November 19, 2015, 03:28:51 AM
That is more of a CB thing.  Remember, CB is geared towards the credit challenged/credit rebuilders.  So the mantras are:&n