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Moderator Emeritus
MarineVietVet
Posts: 14,084
Registered: ‎07-14-2009

Re: When To Close SubPrime Accounts

 


shoediva wrote:

FAKO scores my apologies. Pulled from Identity Guard. I'm thinking of making changes to my monitoring subscription. So should I use MyFico?

 

Another question. Does utility only apply to Credit and Store Cards?


Utilization is calculated for installment loans but it's effect on scoring is very, very minimal. Utilization for revolving credit is 30% of your total score so it's very important to keep it as low as possible.

 

 

 

 

From a BK years ago to:
EX - 9/09 pulled by lender 802
EQ - 7/06-663, 3/10-800
TU - 8/10-772
You can do the same thing with hard work


Member
shoediva
Posts: 22
Registered: ‎09-27-2010

Re: When To Close SubPrime Accounts

Thanks everyone for your help!!!! :smileyhappy:

As of 5/19/2011
FICO TU: 628
FICO EQ: 625
FAKO EX: 655



Starting Score: 657
Current Score: 657
Goal Score: 760


Take the FICO Fitness Challenge

Moderator Emeritus
MarineVietVet
Posts: 14,084
Registered: ‎07-14-2009

Re: When To Close SubPrime Accounts

 


shoediva wrote:

Thanks everyone for your help!!!! :smileyhappy:


All we ask is that anything you learn be sure and pass it forward to others.  :smileyhappy:

 

 

 

 

From a BK years ago to:
EX - 9/09 pulled by lender 802
EQ - 7/06-663, 3/10-800
TU - 8/10-772
You can do the same thing with hard work


Member
shoediva
Posts: 22
Registered: ‎09-27-2010

Re: When To Close SubPrime Accounts

Yes i will definitely pass on the info! Since my scores are FAKO would you assume I have higher FICO's? Another question I have is since you're unable as a consumer to purchase your EQ FICO how do we access that information? or are we only entitled to knowing only our TU and EX FICO scores? Just sucks for us consumers trying to see progress when we are unable to see the "whole" FICO picture.

As of 5/19/2011
FICO TU: 628
FICO EQ: 625
FAKO EX: 655



Starting Score: 657
Current Score: 657
Goal Score: 760


Take the FICO Fitness Challenge

Regular Contributor
ShootingStar
Posts: 203
Registered: ‎08-23-2009

Re: When To Close SubPrime Accounts

I agree, Shoediva!  I don't understand the motive behind not allowing us to purchase our EX FICO either!  I wish they would reconsider and change that eventually.  Anyone "in the know" ever hear debates/talk over whether EX may offer these scores in the future?

"It's myFICO and I can cry if I want to!"

Starting Score January 1, 2010: 640
Current Scores Updated Sept. 6, 2011: EQ: 765 / TU: 778 / EX PLUS: 773
Goal Score: 800

Take the FICO Fitness Challenge

"Working my way up!" :smileywink:
Moderator Emeritus
MarineVietVet
Posts: 14,084
Registered: ‎07-14-2009

Re: When To Close SubPrime Accounts

 


shoediva wrote:

Yes i will definitely pass on the info! Since my scores are FAKO would you assume I have higher FICO's? Another question I have is since you're unable as a consumer to purchase your EQ FICO how do we access that information? or are we only entitled to knowing only our TU and EX FICO scores? Just sucks for us consumers trying to see progress when we are unable to see the "whole" FICO picture.


There is no way to compare FAKO's and FICO scores unfortunately.

 

I think you typed the letters wrong. Experian is the only score consumers are unable to buy. Creditors can pull Experian and also there is a CU in Pennsylvania that supplies that information to it's members only. You can only buy true FICO scores at a few places. One place is here at myFICO. I suggest you do an internet search for "myfico discount codes" to save a little money.

 

You can also purchase your Transunion score at www.transunioncs.com. At www.equifax.com EQ will still sell an EQ FICO score byt they make it very hard to find. Do not buy the new "Equifax Complete" product that is being sold there. The reports are accurate but the scores in Equifax Complete are FAKO's.

 

 

 

From a BK years ago to:
EX - 9/09 pulled by lender 802
EQ - 7/06-663, 3/10-800
TU - 8/10-772
You can do the same thing with hard work



myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

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