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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 828578 times)

Offline thaber

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Re: credit score
« Reply #3100 on: August 29, 2016, 01:19:12 PM »
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Offline Triple Canopy

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Re: credit score
« Reply #3101 on: August 29, 2016, 01:24:36 PM »
Quote from: thaber on August 29, 2016, 01:19:12 PM
my boss, basically plagarized this:
http://www.forbes.com/sites/robertberger/2016/08/28/fico-9-what-you-need-to-know-about-the-latest-credit-score/#67df9bdc4ddc

the article says banks are slowly adopting FICO 9. I know for mortgages most are still on older versions.
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Offline JTZ

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Re: credit score
« Reply #3102 on: August 29, 2016, 01:35:58 PM »
Quote from: thaber on August 29, 2016, 01:19:12 PM
my boss, basically plagarized this:
http://www.forbes.com/sites/robertberger/2016/08/28/fico-9-what-you-need-to-know-about-the-latest-credit-score/#67df9bdc4ddc
"Despite all the excitement surrounding FICO 9, it’s not the most widely used FICO formula. That honor still belongs to the earlier version, FICO 8, according to Fair Isaac."
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"LESS IS MORE" It is the cumulative effect that kills deals!!! How many times do I have to say this?  >:(

Offline thaber

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Re: credit score
« Reply #3103 on: August 29, 2016, 02:20:33 PM »
Quote from: JTZ on August 29, 2016, 01:35:58 PM
"Despite all the excitement surrounding FICO 9, it’s not the most widely used FICO formula. That honor still belongs to the earlier version, FICO 8, according to Fair Isaac."
Apparently "FICO 2 is the standard for the property management industry. " according to the company that runs our apps. interesting
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Offline Amexpoints

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Re: credit score
« Reply #3104 on: August 29, 2016, 07:44:16 PM »
Typically how many points should one's Fico score drop when applying for a single credit card and the same for canceling one?

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Offline Triple Canopy

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Re: credit score
« Reply #3105 on: August 29, 2016, 07:48:14 PM »
Quote from: Amexpoints on August 29, 2016, 07:44:16 PM
Typically how many points should one's Fico score drop when applying for a single credit card and the same for canceling one?

There's no way to predict this. However, cancelling a card will only effect your score if that card had a big credit limit and now your overall utilization ratio is raised because your overall limit is now lower. Opening up a card usually doesn't hurt more than a few points.

Are you getting a mortgage soon? If not, no need to go crazy on every single point.
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Offline Amexpoints

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Re: credit score
« Reply #3106 on: August 29, 2016, 07:51:37 PM »
Quote from: Triple Canopy on August 29, 2016, 07:48:14 PM
There's no way to predict this. However, cancelling a card will only effect your score if that card had a big credit limit and now your overall utilization ratio is raised because your overall limit is now lower. Opening up a card usually doesn't hurt more than a few points.

Are you getting a mortgage soon? If not, no need to go crazy on every single point.

I closed an amex charge card and applied for a chase card and my score dropped about 45 points
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Offline Zalc

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Re: credit score
« Reply #3107 on: August 29, 2016, 08:02:25 PM »
Quote from: Amexpoints on August 29, 2016, 07:51:37 PM

I closed an amex charge card and applied for a chase card and my score dropped about 45 points
What was you high balance on the Amex?
(That is used as the credit limit at times)

How far did it drop you AAoA?
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Offline Triple Canopy

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Re: credit score
« Reply #3108 on: August 29, 2016, 08:05:57 PM »
Quote from: Amexpoints on August 29, 2016, 07:51:37 PM

I closed an amex charge card and applied for a chase card and my score dropped about 45 points

where did you get that score?
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Offline Amexpoints

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Re: credit score
« Reply #3109 on: August 29, 2016, 08:06:56 PM »
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Offline Amexpoints

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Re: credit score
« Reply #3110 on: August 29, 2016, 08:08:10 PM »
Quote from: Zalc on August 29, 2016, 08:02:25 PM
What was you high balance on the Amex?
(That is used as the credit limit at times)

How far did it drop you AAoA?
About $3500
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Offline Zalc

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Re: credit score
« Reply #3111 on: August 29, 2016, 08:09:45 PM »
Quote from: Amexpoints on August 29, 2016, 08:08:10 PM
About $3500
Was that a large percentage of your total credit?

Did you have any largish statements post?

It's strange that it dropped that much...
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Offline Amexpoints

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Re: credit score
« Reply #3112 on: August 29, 2016, 08:12:23 PM »
Quote from: Zalc on August 29, 2016, 08:09:45 PM
Was that a large percentage of your total credit?

Did you have any largish statements post?

It's strange that it dropped that much...
Most of my cards are charge cards so I don't know.
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Offline Triple Canopy

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Re: credit score
« Reply #3113 on: August 29, 2016, 08:16:40 PM »
It's very hard to troubleshoot without seeing the report, but these are like snowflakes and the scores don't always respond the same. Do you still have a card with Amex? What are your other balances vs. credit limits?

What score do you have now?
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Offline ya

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Re: credit score
« Reply #3114 on: August 29, 2016, 08:18:49 PM »
Quote from: Triple Canopy on August 29, 2016, 08:16:40 PM
It's very hard to troubleshoot without seeing the report, but these are like snowflakes and the scores don't always respond the same. Do you still have a card with Amex? What are your other balances vs. credit limits?

What score do you have now?
He mostly has charge cards that may be why.  Having debit on them with 0 credit limit
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Offline Triple Canopy

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Re: credit score
« Reply #3115 on: August 29, 2016, 08:24:46 PM »
Quote from: ya on August 29, 2016, 08:18:49 PM
He mostly has charge cards that may be why.  Having debit on them with 0 credit limit

FICO 8 ignores charge cards for utilization purposes. I'm pretty sure the score Amex gives you is FICO 8.
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Offline meme

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Re: credit score
« Reply #3116 on: September 02, 2016, 01:32:13 PM »
How is it that my experian score is basically the same as my other CB scores, despite the fact that it has 9 inquiries vs 3 or 4?
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Offline Triple Canopy

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Re: credit score
« Reply #3117 on: September 02, 2016, 01:33:05 PM »
Quote from: meme on September 02, 2016, 01:32:13 PM
How is it that my experian score is basically the same as my other CB scores, despite the fact that it has 9 inquiries vs 3 or 4?

Where are you getting your scores?
The score is much more complex and identical reports across all 3 CB won't always have the same score.
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Offline meme

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Re: credit score
« Reply #3118 on: September 02, 2016, 01:35:13 PM »
Quote from: Triple Canopy on September 02, 2016, 01:33:05 PM
Where are you getting your scores?
The score is much more complex and identical reports across all 3 CB won't always have the same score.
Experian from experian.com. Other two from credit karma
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Offline Triple Canopy

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Re: credit score
« Reply #3119 on: September 02, 2016, 03:29:08 PM »
Quote from: meme on September 02, 2016, 01:35:13 PM
Experian from experian.com. Other two from credit karma

None of those are FICO scores.
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