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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 809361 times)

Offline ariIs

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Re: Information about Credit Scores
« Reply #180 on: May 23, 2014, 03:22:41 PM »
I don't think you will ever get an exact formula.
The reason being is that the credit bureaus keep their formulas secret. That's exactly why they can charge everyone else $$ for access to people's credit scores ;)

To answer some of your questions, to the best of my knowledge:

Missing a mortgate payment BTW is a big no-no. It stays on your report practically forever and impacts your score much more than late CC  payments.
I think the only worse thing for your credit score than a missed mortgage is a bankruptcy.

Mortgages and other secured loans (i.e. car loans) are also not calculated the same way as CCs with (debt / credit) = utilization formula. This makes sense, as it's not a credit line extended to you (i.e. you cannot borrow more on your mortgage), and it's secured by assets (your house).
Rather the monthly amount of the mortgage payment vs. your income matters.
I'm not sure however whether this latter point (monthly payment / income) makes it into your score or not.

Offline HDS

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Re: Information about Credit Scores
« Reply #181 on: May 23, 2014, 06:20:13 PM »
I don't think you will ever get an exact formula.
The reason being is that the credit bureaus keep their formulas secret. That's exactly why they can charge everyone else $$ for access to people's credit scores ;)

True, I thought some people might have a good sense of it, though.

The percentages that everyone knows is something, the way the equation is constructed is something more, but still less than the actual equation itself, you know?

Quote
To answer some of your questions, to the best of my knowledge:

Missing a mortgate payment BTW is a big no-no. It stays on your report practically forever and impacts your score much more than late CC  payments.
I think the only worse thing for your credit score than a missed mortgage is a bankruptcy.

This makes sense, and I have no plans to miss a mortgage payment. I was using it as an example of how I didn't know the relative weights of things.

Quote
Mortgages and other secured loans (i.e. car loans) are also not calculated the same way as CCs with (debt / credit) = utilization formula. This makes sense, as it's not a credit line extended to you (i.e. you cannot borrow more on your mortgage), and it's secured by assets (your house).
Rather the monthly amount of the mortgage payment vs. your income matters.
I'm not sure however whether this latter point (monthly payment / income) makes it into your score or not.

I don't think income is a part of it (the credit score) at all, though it certainly is taken into account on CC apps.

Offline Yehuda25

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Re: Information about Credit Scores
« Reply #182 on: May 25, 2014, 03:06:49 PM »
Income is not part of it, though I heard that fico is coming out with a new scoring model.
“To avoid criticism say nothing, do nothing, be nothing.”


― Aristotle

Offline Nitantnel

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Re: Information about Credit Scores
« Reply #183 on: May 25, 2014, 03:56:54 PM »
Intel is planning on making a credit score based on their quickbooks, not sure how exactly it works but they claim that it will be much better than the current model.

Offline mkenigsber001

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Credit Score
« Reply #184 on: May 27, 2014, 03:32:28 PM »
I'm about to apply for one of the chase ink cards to lock in the 60k. I also have a targeted amex gold offer for 50k. My only issue is that I'm about to trade in my car -all probably going to happen this week. Will the pulls from opening the two cards affect my rates for financing the car? I have excellent credit. TIA!

Offline Nitantnel

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Re: Credit Score
« Reply #185 on: May 27, 2014, 03:40:37 PM »
Of course a pull will effect your credit. Why not trade in the car before you apply?


Offline mkenigsber001

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Re: Credit Score
« Reply #186 on: May 27, 2014, 03:48:31 PM »
I guess I will - I was just hoping to have the card in time to pay my rent with it for the month. I understand that a pull will affect my credit, but I guess I'm just wondering how much - I will be leasing (not the first time, and yes I know it makes more sense to buy lol), so I was just wondering if anyone has any experience to know whether it will significantly negatively impact my financing rate. I will be dealing with the car this week, but it can take a couple days to get it all dealt with, by which time it'll be too late to pay my rent with the new card, or use amazon payments for May.

Offline srap

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Re: Credit Score
« Reply #187 on: May 27, 2014, 04:00:58 PM »
See if you can make arrangements to pay your rent this month at a later date--one time only--in order to put it on  the credit card that is coming next week (You can have it within two days after approval.  They overnight it at no charge.)  Maybe you can even bargain with them and tell landlord that you are willing to prepay part of next month also in the payment if they can just wait the week or two for you.

Offline stevenr9

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Re: Credit Score
« Reply #188 on: May 28, 2014, 12:23:37 AM »
Is there a credit pull if it's a business card?

Offline Joe4007

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Re: Credit Score
« Reply #189 on: May 28, 2014, 12:24:52 AM »
Is there a credit pull if it's a business card?
Of course.

Offline Good Times

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Re: Credit Score
« Reply #190 on: May 28, 2014, 03:18:57 AM »
Is there a credit pull if I don't put in SSN
And only put in tax I'd?

Offline joelr773

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Re: Credit Score
« Reply #191 on: May 28, 2014, 07:49:56 AM »
Is there a credit pull if I don't put in SSN
And only put in tax I'd?
if u don't put in SSN how do u want them to pull your credit ?

Offline ShlockDoc

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Re: Credit Score
« Reply #192 on: May 28, 2014, 07:54:34 AM »
if u don't put in SSN how do u want them to pull your credit ?

Ao how do they judge credit-worthiness from just a tin?

Offline joelr773

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Re: Credit Score
« Reply #193 on: May 28, 2014, 08:09:59 AM »
Ao how do they judge credit-worthiness from just a tin?
when u usually put in a tax ID means u applying for a business card u have to put in SSN later but won't pull from that unless your business is new etc.

Offline edjack

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Re: Credit Score
« Reply #194 on: May 28, 2014, 09:35:54 AM »
So they pull your 'Tax ID'?

Does your Tax ID have its own credit report?

If so I see a lot of potential here!!!

Offline Mordyk

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Re: Credit Score
« Reply #195 on: May 28, 2014, 10:10:03 AM »
I guess I will - I was just hoping to have the card in time to pay my rent with it for the month. I understand that a pull will affect my credit, but I guess I'm just wondering how much - I will be leasing (not the first time, and yes I know it makes more sense to buy lol), so I was just wondering if anyone has any experience to know whether it will significantly negatively impact my financing rate. I will be dealing with the car this week, but it can take a couple days to get it all dealt with, by which time it'll be too late to pay my rent with the new card, or use amazon payments for May.

how do you get your landlord to accept the credit card? he uses it?
#TYH

Offline mkenigsber001

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Re: Credit Score
« Reply #196 on: May 28, 2014, 11:32:56 AM »
They own a bunch of buildings, and you can pay rent online through rentpayment.com, but i believe the landlord has to have that set up. It's free to pay with a bank account, and costs 25 dollars to pay by cc, but it's worth it to me if I am close to a spending threshold. Otherwise not. Much more convenient than checks though.

Offline Davidp

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Re: Credit Score Drop?
« Reply #197 on: June 15, 2014, 09:40:31 PM »
I have a problem. I'm a subscriber to fico alerts and was just notified that a collection of $500 was just applied to my score. Apparently, a bill had been sent to my parents house (I love elsewhere but still use their address), and I had never received it. I paid the collection right away. Will this be a major detriment to my otherwise decent report? Is there any way I can get this collection off of my report without waiting 10 years. I appreciate all the help guys!

Offline Davidp

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Re: Credit Score Drop?
« Reply #198 on: June 15, 2014, 09:40:48 PM »
*live

Offline notanonymous

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Re: Credit Score Drop?
« Reply #199 on: June 15, 2014, 11:15:23 PM »
I have a problem. I'm a subscriber to fico alerts and was just notified that a collection of $500 was just applied to my score. Apparently, a bill had been sent to my parents house (I love elsewhere but still use their address), and I had never received it. I paid the collection right away. Will this be a major detriment to my otherwise decent report? Is there any way I can get this collection off of my report without waiting 10 years. I appreciate all the help guys!
Start by calling the creditor and explaining the situation.  Ask them to remove the derogatory mark.