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Credit Bureau Info:

Experian: 800-493-1058 With A Report Number

Experian: 714-830-7000 (Without A Report Number) Call and Press 0. You will get connected to the switchboard operator. Tell them you just called in and entered your report number and the automated system disconnected you. Ask them if they can get a human on the line for disputes. That's the only way you'll be able to get through to a live person at Experian without a Report Number.

Equifax: 800-846-5279

TransUnion: 800-916-8800


Comparison between FAKO from Credit karma and FICO from Barclays and Citi.


Cards that give you free monthly FICO's


AMEX personal cards = EX 08 Switched to FAKO (VantageScore 3.0)
Chase Slate = EX (either 08 or Bankcard enhanced)
PSECU = EX 04

Citi branded cards = EQ 08 Bankcard enhanced
Citi AA = EQ bankcard enhanced
DCU= EQ 04
PenFed = EQ NextGen
Elements Financial (Credit Union, score available for without opening CC) = EQ 5

Barclays = TU 08
Discover it = TU 08
Walmart (store or MC) = TU 08
« Last edited by Lev26 on April 13, 2022, 02:28:07 AM »

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Author Topic: credit score  (Read 841631 times)

Offline pixi

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Re: credit score
« Reply #2060 on: January 06, 2016, 06:37:40 PM »
Quote from: Mendelssohn on January 06, 2016, 06:28:37 PM
No.
CMIIR,  A inquiry hurts your score with just a few points and it goes back up within a month or 2, having another type of loan will help your score with more just then a few points.
so why isn't worth getting an installment loan?
« Last Edit: January 06, 2016, 06:44:33 PM by pixi »
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Offline Mendelssohn

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Re: credit score
« Reply #2061 on: January 06, 2016, 06:54:19 PM »
Quote from: pixi on January 06, 2016, 06:37:40 PM
CMIIR,  A inquiry hurts your score with just a few points and it goes back up within a month or 2, having another type of loan will help your score with more just then a few points.
so why isn't worth getting an installment loan?

Because getting an installment loan doesn't really help.

FICO 04 scores ignore installment loans if you have an open CC.

FICO 08 scores will award you points for a mature installment loan that is mostly paid off. Think old mortgage. Once paid off, you lose any points that you gained.
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Offline pixi

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Re: credit score
« Reply #2062 on: January 06, 2016, 06:55:53 PM »
Quote from: Mendelssohn on January 06, 2016, 06:54:19 PM
Because getting an installment loan doesn't really help.

FICO 04 scores ignore installment loans if you have an open CC.

FICO 08 scores will award you points for a mature installment loan that is mostly paid off. Think old mortgage. Once paid off, you lose any points that you gained.
So by not paying it off my score will still be awarded with extra points. 
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Offline Mendelssohn

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Re: credit score
« Reply #2063 on: January 06, 2016, 06:58:32 PM »
Quote from: pixi on January 06, 2016, 06:55:53 PM
So by not paying it off my score will still be awarded with extra points.

How do you intend to maintain a mature installment loan that is mostly paid off and avoid making payments?
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Offline pixi

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Re: credit score
« Reply #2064 on: January 06, 2016, 07:00:29 PM »
Quote from: Mendelssohn on January 06, 2016, 06:58:32 PM
How do you intend to maintain a mature installment loan that is mostly paid off and avoid making payments?
What do you consider a "mature" installment loan?
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Offline Mendelssohn

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Re: credit score
« Reply #2065 on: January 06, 2016, 07:03:13 PM »
Quote from: pixi on January 06, 2016, 07:00:29 PM
What do you consider a "mature" installment loan?

At least 24 months.
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Offline Mendelssohn

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Re: credit score
« Reply #2066 on: January 06, 2016, 07:06:55 PM »
Seriously, don't waste your time. It's not necessary and you can easily achieve FICOs in the 800s for both generations of FICO scores I mentioned with credit cards alone.
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Offline pixi

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Re: credit score
« Reply #2067 on: January 06, 2016, 07:13:57 PM »
Quote from: Mendelssohn on January 06, 2016, 07:03:13 PM
At least 24 months.
So a new installment loan wouldn't do that much?
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Offline Mendelssohn

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Re: credit score
« Reply #2068 on: January 06, 2016, 07:15:47 PM »
No.

Focus on building revolving credit and tweaking utilization. That will yield more points.
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Offline pixi

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Re: credit score
« Reply #2069 on: January 06, 2016, 07:17:52 PM »
Quote from: Mendelssohn on January 06, 2016, 07:15:47 PM
No.

Focus on building revolving credit and tweaking utilization. That will yield more points.
thanks
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Offline etech0

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Re: credit score
« Reply #2070 on: January 06, 2016, 07:41:36 PM »
Quote from: Mendelssohn on January 06, 2016, 07:06:55 PM
you can easily achieve FICOs in the 800s for both generations of FICO scores I mentioned with credit cards alone.
Is that possible even with a credit history that's only 4-5 years old?
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Offline David Smith

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Re: credit score
« Reply #2071 on: January 06, 2016, 07:43:27 PM »
Quote from: etech0 on January 06, 2016, 07:41:36 PM
Is that possible even with a credit history that's only 4-5 years old?
It's not so hard to have a credit profile older than you are.
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Offline pixi

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Re: credit score
« Reply #2072 on: January 06, 2016, 07:59:27 PM »
Quote from: David Smith on January 06, 2016, 07:43:27 PM
It's not so hard to have a credit profile older than you are.
By becoming a joint on a discover or boa card.  Right?
« Last Edit: January 06, 2016, 08:15:21 PM by pixi »
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Offline Zalc

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Re: credit score
« Reply #2073 on: January 06, 2016, 08:26:49 PM »
Quote from: David Smith on January 06, 2016, 07:43:27 PM
It's not so hard to have a credit profile older than you are.
How so?
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Offline pixi

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Re: credit score
« Reply #2074 on: January 06, 2016, 08:27:29 PM »
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Offline Zalc

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Re: credit score
« Reply #2075 on: January 06, 2016, 08:33:48 PM »
Quote from: pixi on January 06, 2016, 08:27:29 PM

So if a family member has a old BofA CC, I can become a joint account holder now and my CR will update with a multi-year history?

Will this this will give my score a huge jump seeing as my current oldest card is 2 years old?

Also, if the account is currently in good standing, does it matter what the balance on the account was in the past?

Will the other person's general CR affect mine or vice versa? Or only with regards to this particular account?

Sorry for the big list, I'm trying to wrap my head around this...
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Offline WAM

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Re: credit score
« Reply #2076 on: January 06, 2016, 10:34:50 PM »
Quote from: Zalc on January 06, 2016, 08:33:48 PM
So if a family member has a old BofA CC, I can become a joint account holder now and my CR will update with a multi-year history?

Will this this will give my score a huge jump seeing as my current oldest card is 2 years old?

Also, if the account is currently in good standing, does it matter what the balance on the account was in the past?

Will the other person's general CR affect mine or vice versa? Or only with regards to this particular account?

Sorry for the big list, I'm trying to wrap my head around this...


You will probably get an answer here, but creditboards.com has the answers to pretty much anything.
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Offline pixi

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Re: credit score
« Reply #2077 on: January 06, 2016, 10:46:32 PM »
Quote from: Zalc on January 06, 2016, 08:33:48 PM
So if a family member has a old BofA CC, I can become a joint account holder now and my CR will update with a multi-year history?

Will this this will give my score a huge jump seeing as my current oldest card is 2 years old?

Also, if the account is currently in good standing, does it matter what the balance on the account was in the past?

Will the other person's general CR affect mine or vice versa? Or only with regards to this particular account?

Sorry for the big list, I'm trying to wrap my head around this...
Make sure he doesn't spend more then 10-20-30 % of his credit line,  if he does then rather don't  become a joint it will only hurt you.
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Offline etech0

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Re: credit score
« Reply #2078 on: January 06, 2016, 10:56:15 PM »
Quote from: pixi on January 06, 2016, 10:46:32 PM
Make sure he doesn't spend more then 10-20-30 % of his credit line,  if he does then rather don't  become a joint it will only hurt you.
So basically you need a friend who's into credit score.
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Offline yochiek93

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Re: credit score
« Reply #2079 on: January 06, 2016, 10:59:52 PM »
Quote from: etech0 on January 06, 2016, 10:56:15 PM
So basically you need a friend who's into credit score.
Or family member that will listen to you
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