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 809463 times)

Offline meme

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Re: credit score
« Reply #2480 on: March 03, 2016, 11:22:16 AM »

Add some charge cards to the mix and it will be well worth it
Namely?

Offline yochiek93

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Re: credit score
« Reply #2481 on: March 03, 2016, 11:23:21 AM »

Offline meme

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Re: credit score
« Reply #2482 on: March 03, 2016, 11:26:10 AM »

Plat 150k offer...
I did that one already (for biz) but don't think did personal platinum yet, what's highest offer on that?

Offline Mendelssohn

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Re: credit score
« Reply #2483 on: March 03, 2016, 11:44:21 AM »
Hi Mendelssohn & PillanSmye,

First I wanted to say thank you for all the great info you've been sharing since you've arrived here, I've learned a lot!! and really appreciate you time and patience. I feel like sometimes you guys don't get enough positive feedback..

My understanding is, that for the most part a UW will ignore an AU account. Therefore I find the following case strange.

Relative of mine recently got approved for a mortgage with credit file as follows:

- 1 Primary cc account, 4 months old.

- 6 AU cc accounts, 3 of them 10+ years, the others short.

No other history other than the credit cards account.

EX 8 score of 770.

How does this make any sense?

I would say that the UW ignored the AUs, and the EX 08 score is irrelevant.  Mortages don't use FICO 8 scores.

Offline Mendelssohn

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Re: credit score
« Reply #2484 on: March 03, 2016, 11:44:54 AM »

Why do you think an UW will ignore the AU's on the CR?

Because they will for the most part, other than Chase 5/24.

Offline Mendelssohn

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Re: credit score
« Reply #2485 on: March 03, 2016, 11:54:08 AM »
I wasn't asking on this I was asking on this

Why do you think an UW looking at an application would give an approval based on AU accounts?  That doesn't mean anything.  The only time they really help, other than with FICO scores of course, is when you can get an automated computer approval.

Chase 5/24 is the only real exception, and it is a negative in that case.

Many mortgage UWs will ask that ALL AU account be removed before a mortgage.

Offline yochiek93

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Re: credit score
« Reply #2486 on: March 03, 2016, 11:56:03 AM »
Why do you think an UW looking at an application would give an approval based on AU accounts?  That doesn't mean anything.  The only time they really help, other than with FICO scores of course, is when you can get an automated computer approval.

Chase 5/24 is the only real exception, and it is a negative in that case.

Many mortgage UWs will ask that ALL AU account be removed before a mortgage.
Thanx

Offline Zalc

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Re: credit score
« Reply #2487 on: March 03, 2016, 12:17:59 PM »
Unfortunately no.
Can you guide as how to best do that? I can still try to do that retroactivally as I still keep all my statements....
Try looking here

Offline Mendelssohn

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Re: credit score
« Reply #2488 on: March 03, 2016, 12:22:55 PM »
Not that anyone will notice, but I corrected PSECU in the wiki (it was listed as PSEFU) for the free EX 04.

Offline yochiek93

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Re: credit score
« Reply #2489 on: March 03, 2016, 12:23:44 PM »
Not that anyone will notice, but I corrected PSECU in the wiki (it was listed as PSEFU) for the free EX 04.
Thanx

Offline ari2955

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Re: credit score
« Reply #2490 on: March 03, 2016, 05:57:27 PM »
I would say that the UW ignored the AUs, and the EX 08 score is irrelevant.  Mortages don't use FICO 8 scores.

Ok, if the UW ignored the AUs, than what did he/she base the approval on? the Primary cc that's 4 months old?

Offline Mendelssohn

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Re: credit score
« Reply #2491 on: March 03, 2016, 06:30:27 PM »
Ok, if the UW ignored the AUs, than what did he/she base the approval on? the Primary cc that's 4 months old?

Old CCs, installment loans, alternative credit, etc.  I'm not looking at the report, so I can't say otherwise.

You don't get approved for a mortgage based on AUs though. No way.

Offline curry30

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Re: credit score
« Reply #2492 on: March 03, 2016, 11:02:37 PM »
Does anyone know how long it takes for your credit score to update once you make big payments on your credit cards? Is it something immediate or does it take months to reflect?

Also do the banks see the same score you see? Or do they have a slightly different metric?

Offline Cappy

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Re: credit score
« Reply #2493 on: March 04, 2016, 12:08:36 AM »
Does anyone know how long it takes for your credit score to update once you make big payments on your credit cards? Is it something immediate or does it take months to reflect?

Also do the banks see the same score you see? Or do they have a slightly different metric?

Chase will report right away if you get your balance down to 0.

Discover can do it by request.

Offline Mendelssohn

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Re: credit score
« Reply #2494 on: March 04, 2016, 12:13:01 AM »
Other than Chase or Discover, you have to wait for the card issuer to report to the CRAs which generally happens once a month.  In most cases, it is after your statement closes.

Also, your score does not really ever "update" so to speak.  A FICO score is generated using a specific scoring model based on EX, EQ or TU reports at the points the score is requested.  You don't have a static credit score.  At the point the score is generated, you are compared to other people with similar profiles on a scorecard, or what we commonly refer to as scoring buckets.

If you know what score an issuer uses, you can sometimes get that score for yourself.  Keep in mind though that there are a lot of different generations and flavors of FICO scores and on top of that, many issuers also use internal scoring models in addition to FICOs.

Offline Cappy

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Re: credit score
« Reply #2495 on: March 04, 2016, 12:53:23 AM »
Speaking of scoring buckets...

We could use an advanced credit thread here on DDF

Offline Mendelssohn

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Re: credit score
« Reply #2496 on: March 04, 2016, 12:56:16 AM »
Speaking of scoring buckets...

We could use an advanced credit thread here on DDF

Uh, not really.  Walk before run.

Offline newdealseeker

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Re: credit score
« Reply #2497 on: March 04, 2016, 12:56:27 AM »

Offline Zalc

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Re: credit score
« Reply #2498 on: March 04, 2016, 01:07:31 AM »
Speaking of scoring buckets...

We could use an advanced credit thread here on DDF
I'd appreciate reading one, but would be too apprehensive ask anything there...

Offline curry30

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Re: credit score
« Reply #2499 on: March 04, 2016, 01:20:40 AM »
Chase will report right away if you get your balance down to 0.

Discover can do it by request.

So assuming you pay your chase bills to 0 everytime, theoretically your score should be going up because you have a better credit to debt ratio which is part of how the score is calculated?

Also if I want to apply for another chase card, for example, do they take your history banking with them into consideration with decisions to approve you as well? Or is it solely based on your credit score at the time of the application?

Other than Chase or Discover, you have to wait for the card issuer to report to the CRAs which generally happens once a month.  In most cases, it is after your statement closes.

Also, your score does not really ever "update" so to speak.  A FICO score is generated using a specific scoring model based on EX, EQ or TU reports at the points the score is requested.  You don't have a static credit score.  At the point the score is generated, you are compared to other people with similar profiles on a scorecard, or what we commonly refer to as scoring buckets.

If you know what score an issuer uses, you can sometimes get that score for yourself.  Keep in mind though that there are a lot of different generations and flavors of FICO scores and on top of that, many issuers also use internal scoring models in addition to FICOs.

Interesting. So in other words, you would say your credit score mostly changes everytime one of your credit card, loan, etc. statement closes? There is nothing you can really do to expedite an increase to your score if you don't have a statement closing for a short while?