04-03-2008 09:16 PM
04-03-2008 09:17 PM - edited 04-03-2008 09:23 PM
04-03-2008 09:18 PM
BoA will definitely do so, might require a soft visit the the luv button though, but I'm sure they will comply, lol.
04-03-2008 09:20 PM
I have trouble just holding on to the credit that I have now. Banks keep wanting to take it back. They don't know I am playing the FICO game and see my actions as dangerous. I see them as score gainers. But the banks see OtOh someone is not paying their bills in full. They don't buy my story... I am not paying my bills fast anymore because I want to stretch out the history for more points. They totally don't buy it even though it is the truth. But I think they are catching on because I don't see their soft pulls twice a month any more. hehe. They stopped the soft pulls almost all together now. I have just what I need and any more credit would be totally ego for me. But then again there is no limit on CL usage when they give you 0.0 apr offers. So yea I could always use more credit now that I think of it.... lol
04-03-2008 09:31 PM
04-03-2008 09:33 PM
Yes, I have had a few CLDs from playing the FICO game. Lenders saw my aggressive action like app sprees and score drops over 100 points, inqs ect as very suspicious. I got my score in to the 800s with these actions... Stretching as in don't pay off too early but pay down your loans. Example. Your car loan is 23 months old and you want to PIF it. Pay most, and wait until it is 24 months. Points are given every 6 payments. So if you can stretch to a 6, 12, 18, 24, 30, 36, ect... you will get more points. If its a small loan you might consider keeping it 2 years. Depends on how much it costs you. If you have the money to PIF a loan and the loan is a super great deal like a new car for 2.9%, put the money in a CD or savings account at 3%-5% and stretch your auto loan. This way you break out even with interest gained and int lost, but you score will go up... Only works for installments. For revolving accounts just pay off fast.
04-03-2008 09:34 PM
04-03-2008 09:40 PM
Does this also work for SLs? I assume not...
04-03-2008 09:46 PM - edited 04-03-2008 09:47 PM
04-04-2008 05:29 AM
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.