twinranch, welcome to the forum. Here you will find an incredible amount of information, and very knowledgeable people to help answer your questions, and get you credit healthy.
I want you to know you are NOT alone. Many if not most of us first came here knowing absolutely nothing about how consumer credit works. I know I didn't.
We are all here to learn about credit, how to improve our credit scores. I strongly suggest you read this entire thread:
http://ficoforums.myfico.com/fico/board/message?board.id=generalcredit&thread.id=6834
Also our Guide to Common Abbreviations: http://ficoforums.myfico.com/fico/board/message?board.id=creditcard&thread.id=17002
The world of credit....FICO vs. FAKO, limits, inquiries, etc, etc, etc ad nauseum is a maze to maneuver through. Without a basic understanding, we would be lost forever.
It sounds like you are going in 300 different directions at once. I sure was when I first came here. Just slow down, take a deep breath and read, read, read.
Unfortunately, there is NO monitoring service available anywhere, to give you both daily CR's AND true FICO scores. We all wish there was such an animal but it doesn't exist. However some monitoring services allow you to pull your credit report with one of the 3 CRA's. And they will provide you with a credit score, but chances are they are FAKO scores, which are virtually worthless. Only FICO scores are the one's to be concerned with, as 90% of the nation's lenders use the FICO score to judge one's credit worthiness.
So sit back, relax, and read to your hearts content. Ask questions...as many as you want. We are all here to help each other
Good luck to you.
I want you to know you are NOT alone. Many if not most of us first came here knowing absolutely nothing about how consumer credit works. I know I didn't.
We are all here to learn about credit, how to improve our credit scores. I strongly suggest you read this entire thread:
http://ficoforums.myfico.com/fico/board/message?board.id=generalcredit&thread.id=6834
Also our Guide to Common Abbreviations: http://ficoforums.myfico.com/fico/board/message?board.id=creditcard&thread.id=17002
The world of credit....FICO vs. FAKO, limits, inquiries, etc, etc, etc ad nauseum is a maze to maneuver through. Without a basic understanding, we would be lost forever.
It sounds like you are going in 300 different directions at once. I sure was when I first came here. Just slow down, take a deep breath and read, read, read.
Unfortunately, there is NO monitoring service available anywhere, to give you both daily CR's AND true FICO scores. We all wish there was such an animal but it doesn't exist. However some monitoring services allow you to pull your credit report with one of the 3 CRA's. And they will provide you with a credit score, but chances are they are FAKO scores, which are virtually worthless. Only FICO scores are the one's to be concerned with, as 90% of the nation's lenders use the FICO score to judge one's credit worthiness.
So sit back, relax, and read to your hearts content. Ask questions...as many as you want. We are all here to help each other
Good luck to you.
What you get from myFiCO are great and are complete.
They not only give you a full fledged credit report AND your scores, but also an analysis of what is helping or hurting your scores. They also include a "score simulator", giving you the ability to plug in variables(paying down cc's, etc) and give you a projected FICO score if you were to follow the recommendations.
I like the format better than those found elsewhere.
They not only give you a full fledged credit report AND your scores, but also an analysis of what is helping or hurting your scores. They also include a "score simulator", giving you the ability to plug in variables(paying down cc's, etc) and give you a projected FICO score if you were to follow the recommendations.
I like the format better than those found elsewhere.