Reply
Regular Contributor
Posts: 205
Registered: ‎06-20-2007
0

I know this has been discussed before, but I will ask aga...

I know this has been discussed before, but I will ask again.  From your expreience, how far behind reporting a change is myfico?  I showed a deletion of an obsolete account through TC, but nothing from myfico yet.  Another question I have is this.  Are the score increases on TC proportional to the real score increases?  In other words,  last week TC showed EQ score as 537.  Myfico showed EQ as 602.  Today, TC shows increase of 22 points.  Will my myfico score now be around 689?  Or is there simply no rhyme or reason?
Moderator Emeritus
Posts: 6,182
Registered: ‎03-29-2007
0

Re: I know this has been discussed before, but I will ask aga...

Assuming TC shows it gone, an updated MyFICO report (which you have to buy) should also.
Regular Contributor
Posts: 205
Registered: ‎06-20-2007
0

Re: I know this has been discussed before, but I will ask aga...

I'm new to the myfico thing, but won't the scorewatch indicate a change?  Myfico says I have one power report left, but I don't want to get it until the scorewatch shows change.
Moderator Emeritus
Posts: 6,182
Registered: ‎03-29-2007
0

Re: I know this has been discussed before, but I will ask aga...

Yes, but it can take several days before you get the notification. That does not mean you can't pull an updated report now.
Regular Contributor
Posts: 205
Registered: ‎06-20-2007
0

Re: I know this has been discussed before, but I will ask aga...

OK, thanks!
Regular Contributor
Posts: 205
Registered: ‎06-20-2007
0

Re: I know this has been discussed before, but I will ask aga...

Ok, I think I answered my own question.   When I pulled a new power report, my score shows 631.  So, I got a 29 point increase when a CO aged off.  Not quite as good as what the TC score shows...lol.  Now, we went car shopping last night and I see 4 new inquiries for banks.  Do they count as one?  It really pisses me off that the dealership pulled AND THEN let the banks pull as well.  But, I guess that's the way it goes.
Moderator Emeritus
Posts: 6,182
Registered: ‎03-29-2007
0

Re: I know this has been discussed before, but I will ask aga...



daytona18 wrote:
Ok, I think I answered my own question.   When I pulled a new power report, my score shows 631.  So, I got a 29 point increase when a CO aged off.  Not quite as good as what the TC score shows...lol.  Now, we went car shopping last night and I see 4 new inquiries for banks.  Do they count as one?  It really pisses me off that the dealership pulled AND THEN let the banks pull as well.  But, I guess that's the way it goes.



Congrats on the increase. Yep.. FICO only hits you for one. :smileyhappy: Some delaerships will pull your report once and than shop you around by faxing your reports around to save you getting so many Inqs.
 
 
Regular Contributor
Posts: 205
Registered: ‎06-20-2007
0

Re: I know this has been discussed before, but I will ask aga...

Thanks for the congrats.  I thought I was doing rather well until I got a call from the dealer.  I got my new vehicle with payments that I can't complain about, but they raped me on interest at 12.99%.  I was sure my credit scores were much better than when I bought my last car.  I did have a ton of lates on that account though.  Do they look at those?  Or are most auto laons score driven? 
Moderator Emeritus
Posts: 6,182
Registered: ‎03-29-2007
0

Re: I know this has been discussed before, but I will ask aga...

Yes the lates matter. Most auto lenders use Auto-Enhanced FICO score (see Scoring 101 thread). If you have lates on auto TLs, your scores are going to be lower than what you see on MyFICO. I would be happy with that rate.
 
PS.. Have you tried GW on the lates?
Regular Contributor
Posts: 205
Registered: ‎06-20-2007
0

Re: I know this has been discussed before, but I will ask aga...

You would be happy with that rate?  Geez.  I got really affordable payments which is what mattered the most to me.  I need to be able to manage the payment, I really didn't care about the rate...until I saw it on paper.  A two digit interest rate just freaked me out.  But, you are the master, and I trust.  LOL.
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.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

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.