topic Re: Is there such thing as temporary increase? in Rebuilding Your Credit

Is there such thing as temporary increase?

Mama-j — Sat, 08 Dec 2012 06:05:35 GMT

Hi all,

This is my first post ever. I just started this journey to build back my credit score a couple of days ago. I pulled and dispute 3 accts that were showing late payments online with all 3 credit bureaus and signed up with score watch on 12/5 and today I've got a email alert that my EX fico score went up from 599 to 606 due to changes to those 3 accts. is it really possible for my score goes up this fast? I thought it might take several weeks. This not just a temp increase right? I'm tempted to pay for EX credit report right now To check what happened.

Re: Is there such thing as temporary increase?

sphinx313 — Sat, 08 Dec 2012 06:08:45 GMT

Well I had the same thing happen to me, only it was about 16 points. I'm not sure if it's "temporary" or what but I'll take 'em for a little encouragement right now lol.

Re: Is there such thing as temporary increase?

Shogun — Sat, 08 Dec 2012 06:09:40 GMT

Sure it can go up. You will see scores fluxuate up and down a bit. Just work on keeping your payments on time and build new credit while trying to clean bad credit.

Re: Is there such thing as temporary increase?

rckstrscott — Sat, 08 Dec 2012 08:54:55 GMT

Mama-j wrote:
Hi all,
This is my first post ever. I just started this journey to build back my credit score a couple of days ago. I pulled and dispute 3 accts that were showing late payments online with all 3 credit bureaus and signed up with score watch on 12/5 and today I've got a email alert that my EX fico score went up from 599 to 606 due to changes to those 3 accts. is it really possible for my score goes up this fast? I thought it might take several weeks. This not just a temp increase right? I'm tempted to pay for EX credit report right now To check what happened.

You cannot purchase your Experian FICO, so did you mean Equifax?

And your score is a reflection, or snapshot, of any given moment. Your score can fluxate day to day depending on scoring factors.

Your score can go up or down every single time that snapshot is taken. For me, my score changes almost daily as I have 10 accounts that can wildly swing on balances. So my score can deviate between 60-80 points any given month.

Understanding WHY is the real key.

-scott

Re: Is there such thing as temporary increase?

tmobileguy — Sat, 08 Dec 2012 09:24:37 GMT

When you disputed those lates it took them out of score factoring so mostly that is what is making it go up...if they verify them and it is no longer under dispute then most likely your score will return to what it should be...