credit score

[Euclid]

Just signed up for Credit Karma now, so it's not showing me any changes, though CK only has TU and EQ it seems, not EX.
Checked via Chase CreditJourney which is Experian (VantageScore 3.0, not FICO) - and that score has been much more stable, didn't drop like my FICO.

I'm going to guess is that the FICO algorithm may have been tweaked and the cause is some account that previously was fine...

[ShimshonK]

I'm going to guess is that the FICO algorithm may have been tweaked and the cause is some account that previously was fine...

I can't think of any negative marks my credit profile should give off, but I guess I'll let it go.
It's just that I've noticed double digit changes more often than my perception of the accepted norms.

[churnbabychurn]

What does it mean when Equifax returns a score of zero?

Initially lender thought it meant credit was frozen but Equifax says it is not frozen..

This is for a high net worth individual with dozens of inquiries, loans and investments.

[Shmulie]

What does it mean when Equifax returns a score of zero?

Initially lender thought it meant credit was frozen but Equifax says it is not frozen..

This is for a high net worth individual with dozens of inquiries, loans and investments.

Did all of their credit history come up when they pulled it?

I have pulled credit on people thousands of times I've never seen a zero it's probably a mistake in the information being entered and they're actually getting a 9004 / 9003  (no credit found, not enough information)

[churnbabychurn]

Did all of their credit history come up when they pulled it?

I have pulled credit on people thousands of times I've never seen a zero it's probably a mistake in the information being entered and they're actually getting a 9004 / 9003  (no credit found, not enough information)

I don't know what came up.. they keep insisting must be frozen but Equifax says it ain't..

[Dovdovmoneytree]

I read elsewhere on DDF that returning a lease (when the lease term is up) can significantly lower your credit score? Is this accurate?? If yes; how can I avoid this? I actually intend to transfer my lease to ALgo, Vrooom etc who in turn buyout the car from the finance co. To me it would seem the opposite should be true. A loan (lease) is now closed. And it's not like a lease is a revolving line of credit so my utilization ratio is not going up.

Thanks!

[Samb]

I read elsewhere on DDF that returning a lease (when the lease term is up) can significantly lower your credit score? Is this accurate?? If yes; how can I avoid this? I actually intend to transfer my lease to ALgo, Vrooom etc who in turn buyout the car from the finance co. To me it would seem the opposite should be true. A loan (lease) is now closed. And it's not like a lease is a revolving line of credit so my utilization ratio is not going up.

Thanks!

It will effect your credit mix. As your losing a installment loan. But if you still have other open installment loans like a mortgage or another lease then the effect will be very minimum to nothing

[Dovdovmoneytree]

It will effect your credit mix. As your losing a installment loan. But if you still have other open installment loans like a mortgage or another lease then the effect will be very minimum to nothing

Thanks. I don't have a mortgage on my credit (any more) and no other lease. But several credit cards and student loan. Credit score is currently above 754. How significantly will this affect me? Any way I can try to offset it or avoid it? I am looking for a vehicle (to buy and finance) but don't have it just yet!

[avrohomgelb]

AFAR: Haven't missed a payment in 20 plus years. Missed 3 payments while sick with Corona. Is it possible to dispute? Who do I speak to?

[Dovdovmoneytree]

AFAR: Haven't missed a payment in 20 plus years. Missed 3 payments while sick with Corona. Is it possible to dispute? Who do I speak to?

I assume it hit your credit report?? How late? I believe the creditor can have it removed, although they are usually very hard about it. Perhaps with Covid they will be more understanding.

[CountValentine]

AFAR: Haven't missed a payment in 20 plus years. Missed 3 payments while sick with Corona. Is it possible to dispute? Who do I speak to?

Try a good will letter.

[bhoaem]

Relative missed a payment  on Wells Fargo CC. Statement closed on 10/08  Payment was due on 11/2.
Just pay and move on? Any reason to contact WF? (Fee is only $1)

Also correct me if I'm wrong. Late payment will not be reported if its paid within 30 days of the due date.

[Dovdovmoneytree]

Relative missed a payment  on Wells Fargo CC. Statement closed on 10/08  Payment was due on 11/2.
Just pay and move on? Any reason to contact WF? (Fee is only $1)

Also correct me if I'm wrong. Late payment will not be reported if its paid within 30 days of the due date.

Depends if your time is worth $1

Under 30 days late, it does not report at all.