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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 »

Author Topic: credit score  (Read 910295 times)

Offline ChaimMoskowitz

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Re: Information about Credit Scores
« Reply #220 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.
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Offline Super Speed

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Re: Information about Credit Scores
« Reply #221 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


Offline ChaimMoskowitz

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Re: Information about Credit Scores
« Reply #222 on: July 27, 2014, 10:34:41 AM »
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Offline Super Speed

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Re: Information about Credit Scores
« Reply #223 on: July 27, 2014, 10:53:01 AM »
never had a score that low.
-1, you had to start somewhere ;)


Offline ChaimMoskowitz

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Re: Information about Credit Scores
« Reply #224 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.
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Offline nobiggy

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Re: Information about Credit Scores
« Reply #225 on: July 27, 2014, 10:57:20 AM »
so is 734 ok to apply for chase?

Offline Joe4007

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Re: Information about Credit Scores
« Reply #226 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...

Offline Joe4007

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Re: Information about Credit Scores
« Reply #227 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.

Offline nobiggy

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Re: Information about Credit Scores
« Reply #228 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.

Offline ChaimMoskowitz

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Re: Information about Credit Scores
« Reply #229 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.
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Offline Joe4007

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Re: Information about Credit Scores
« Reply #230 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.

Offline ChaimMoskowitz

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Re: Information about Credit Scores
« Reply #231 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.
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Offline Joe4007

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Re: Information about Credit Scores
« Reply #232 on: July 27, 2014, 11:46:23 AM »
not correct.
So someone with no history would have a 000?

Offline ChaimMoskowitz

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Re: Information about Credit Scores
« Reply #233 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.
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Offline Boruch999

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Re: Information about Credit Scores
« Reply #234 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.

Offline joey123

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Re: Information about Credit Scores
« Reply #235 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
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Offline Triple Canopy

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Re: Information about Credit Scores
« Reply #236 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+

Offline Triple Canopy

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Re: Information about Credit Scores
« Reply #237 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.

Offline joey123

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Re: Information about Credit Scores
« Reply #238 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
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Offline Triple Canopy

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Re: Information about Credit Scores
« Reply #239 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.