04-06-2007 08:29 PM
04-07-2007 07:35 AM
04-07-2007 09:19 PM
HouseHunter wrote:I've studied up for 3-4 weeks now on credit - was clueless before (and boy was I ever). A friend of mine has a friend who is a lender and she said DO NOT PAY ANYTHING that is going to drop from your report very soon. Let it fall off. When you pay, that's new activity and could potentially end up being on your credit report for another 7-10 years. If you're only trying to rebuild your credit, you should be okay. If you're planning on making a huge purchase soon, then either way it could possibly pose problems.I just learned there are pro's and con's when it comes to things coming off of your report though. I disputed items on two of my reports. I had one negative on each of them, the same thing from 7 years ago. When it came off of TR, that score rose by 98 points. I just got notice yesterday from EX that they had deleted the account they had on file and my score with them dropped by 43 points and it was my highest score. Why the descrepancy, I don't know. It's like walking on eggshells.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
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.