Topic Wiki

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 576696 times)

Offline mmgfarb

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Re: credit score
« Reply #3340 on: December 28, 2016, 12:26:33 AM »
🤦‍♂️
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Offline JTZ

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Re: credit score
« Reply #3341 on: December 28, 2016, 03:45:47 AM »
Or too busy?
To busy, can I get the cliff notes?  :)
Any links on how many different buckets there are and what they are?
"LESS IS MORE" It is the cumulative effect that kills deals!!! How many times do I have to say this?  >:(

Offline jsk173

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Re: credit score
« Reply #3342 on: December 28, 2016, 03:54:39 AM »
I'm not going in a circle.  My position is in the same place.  I stated an increase in utilization does not absolutely guarantee a decrease in score.

I know someone who the $2 trick doesn't work for, but if they let $1K report they get a score boost.  So for them it is the $1K trick.  This person has about $1mm in available revolving credit and is well versed in CC's, FICO etc.  So it's not "theoretically possible", but in fact is a reality for certain profiles.

Did you read any of the links I supplied?  Or too busy?

For someone with $1M in available credit, $1,000 essentially is the "$2 trick."

A person with $1M in available CC credit probably has a lot of credit limits of $50,000+, which aren't included in FICO utilization calculations.

Offline David Smith

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Re: credit score
« Reply #3343 on: December 28, 2016, 05:17:07 AM »
For someone with $1M in available credit, $1,000 essentially is the "$2 trick."

A person with $1M in available CC credit probably has a lot of credit limits of $50,000+, which aren't included in FICO utilization calculations.
These 2 statements are contradictory, no?
Who do you think you are fooling? You think you are going to pull a quick one on your Creator? Good luck with that.
JTZ

Offline JTZ

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Re: credit score
« Reply #3344 on: December 28, 2016, 05:18:42 AM »
These 2 statements are contradictory, no?
:)
"LESS IS MORE" It is the cumulative effect that kills deals!!! How many times do I have to say this?  >:(

Offline PillanSmye

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Re: credit score
« Reply #3345 on: December 28, 2016, 12:21:19 PM »
To busy, can I get the cliff notes?  :)
Any links on how many different buckets there are and what they are?

In most practical applications, the tree may have one to five levels, and the number of tree leaves or segments may range between 1 and 20.   The tree looks just like a decision tree (e.g., one produced by classification and regression tree technology), although it is typically much shallower, and different methods are used to construct the tree. The scorecard segmentation tree is very interpretable,  For example, the FICOŽ score is based on a segmentation tree with about 20 leaves. In general, the depth of the segmentation tree depends on the amount of data available, the complexity of interactions displayed in the fitted relationship, and a multitude of operational considerations.

That's the info they throw us  So out of a seemingly infinite number of segments,  they make ~20 active.  Of course,  they don't differentiate if this is FICO 04, FICO 08,  FICO 09 etc.   They don't tell if they tweak it on the go (such as did the active segmentations get changed after the financial meltdown).  And we also know that the systems are customized for each CRA even if they are all claiming FICO 08 -  EX, EQ and TU all are unique in their own little ways.

Offline jsk173

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Re: credit score
« Reply #3346 on: December 28, 2016, 05:09:58 PM »
These 2 statements are contradictory, no?

No. The point of the second sentence was that the so-called "$2 trick" won't work if the only reported balance appears on a card that doesn't count for utilization purposes.

(A person with $1M in CC CL probably isn't doing the "$2 trick" at all, but the example was someone with $1M in CC CL whose FICO increased after a small increase in utilization, which is essentially the same discussion.)
« Last Edit: December 28, 2016, 05:13:26 PM by jsk173 »

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Re: credit score
« Reply #3347 on: December 28, 2016, 08:43:04 PM »
What's the easiest way to get rid of some closed charge cards from your credit report?

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Re: credit score
« Reply #3348 on: December 29, 2016, 09:07:27 AM »
What's the easiest way to get rid of some closed charge cards from your credit report?
bump

Offline shulem92

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Re: credit score
« Reply #3349 on: December 29, 2016, 10:13:25 AM »
bump
No need to bump within the same day!
Also u didn't provide enough details why it should come off your report. If u don't have a reason, then ur just gonna have to sit tight for 7 years

Offline JTZ

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Re: credit score
« Reply #3350 on: December 29, 2016, 10:19:01 AM »
then ur just gonna have to sit tight for 7 years
...at the very minimum. I have some at 9 years still there.
"LESS IS MORE" It is the cumulative effect that kills deals!!! How many times do I have to say this?  >:(

Offline noturbizniss

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Re: credit score
« Reply #3351 on: December 29, 2016, 11:20:01 AM »
No need to bump within the same day!
Also u didn't provide enough details why it should come off your report. If u don't have a reason, then ur just gonna have to sit tight for 7 years
-1. he can get himself a new identity. I understand that the black market is quite stocked with these.
READ THE DARN WIKI!!!!

Chuck Norris...
...can still do FT method
...READS THE WIKI!!!

Offline PillanSmye

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Re: credit score
« Reply #3352 on: December 29, 2016, 02:01:14 PM »
What's the easiest way to get rid of some closed charge cards from your credit report?

More info

Are they charged-off negative accounts?  Are they AU's for AMEX charge cards?  Are they personally liable AMEX charge cards?

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Re: credit score
« Reply #3353 on: December 29, 2016, 02:03:08 PM »
More info

Are they charged-off negative accounts?  Are they AU's for AMEX charge cards?  Are they personally liable AMEX charge cards?
personal charge cards that were open for a month or 2

Offline mmgfarb

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Re: credit score
« Reply #3354 on: December 29, 2016, 02:04:59 PM »
personal charge cards that were open for a month or 2
Why do you need them off?
"JS [is] a fetid cesspool of unvarnished linguistic manure, with lots of useless drivel and post-padding." -Moishebatchy

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Re: credit score
« Reply #3355 on: December 29, 2016, 02:07:53 PM »
Why do you need them off?
cause on credit reports it says 20 new accounts! and 'i think' that new accounts aren't good for the score. maybe i'm wrong.
am i?

Offline PillanSmye

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Re: credit score
« Reply #3356 on: December 29, 2016, 02:16:56 PM »
personal charge cards that were open for a month or 2
Well, that's the consequences of card churning.  I personally wouldn't mess with properly reporting personally liable cards.  You risk fraud alerts and other unintended consequences.

Offline jsk173

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Re: credit score
« Reply #3357 on: December 29, 2016, 02:23:53 PM »
Unless there was fraud involved, you're not getting them deleted. And making a fraudulent fraud claim can and most likely will wreak havoc with your credit reports and/or banking relationship(s).

Offline JTZ

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Re: credit score
« Reply #3358 on: December 29, 2016, 02:32:34 PM »
cause on credit reports it says 20 new accounts! and 'i think' that new accounts aren't good for the score. maybe i'm wrong.
am i?
Look at the bright side. In five years you will 20 aged accounts.
"LESS IS MORE" It is the cumulative effect that kills deals!!! How many times do I have to say this?  >:(

Offline jsk173

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Re: credit score
« Reply #3359 on: December 29, 2016, 02:42:18 PM »
Which would be great if it wasn't rumored that closed accounts are likely to be weighed less, and maybe not at all, in an upcoming revision by FICO.