Reply
Frequent Contributor
Posts: 293
Registered: ‎01-12-2012
0

Equifax now at 652

I just got an alert.  I gained 22 points.  I think it's because I am now 12 months out from my last 30 day late on a credit card.  I also paid my kohls bill in half to 50 percent utilization but that new balance has not reported yet.  Hoping to see a nice bump from that too.  Should I pay for a pull transunion do they usually increase at the same time ? I was 669 on that lat report from October 24th.  I am waiting on a prequalify action letter for a mortgage but I needed 9 points.  I looks like I got it.

Equifax my fico 629
Transunion my fico 669
Experian fako 663
Moderator
Posts: 12,952
Registered: ‎04-15-2011
0

Re: Equifax now at 652

After a year 30 day lates lose a lot of their sting, and almost all after 2 years.  Hopefully you will see another bump from the decreased util.


Starting Score: 504

July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+

Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Valued Contributor
Posts: 1,206
Registered: ‎02-19-2012
0

Re: Equifax now at 652

Why not call the creditor that you have the late with and ask for a goodwill deletion if that is the only negative on your report and you can get your utilization down b4 close you could do a rapid rescore and get a better rate.much 


Starting Score: 0
Current Score: TR??FICOEQ ?? FICO
Goal Score: 760

Lowes7,000 Discover More 2800. Jcpenny 6,000
Chase freedom 800 Never take NO for an answer!!
Valued Contributor
Posts: 2,789
Registered: ‎10-10-2012
0

Re: Equifax now at 652

Congrats on the increase in score! Bringing down my util also helped me alot! I have found TU to be the last to update, usually about a week after the others. I would wait a bit before trying to get your TU score/report.

Starting Score: EQ 717 EX 724 TU 736
Current Score: EQ 816 EX 780 TU 823
App free since 4/11/13
Regular Contributor
Posts: 142
Registered: ‎12-16-2012
0

Re: Equifax now at 652

Congrats! That's pretty good feeling, huh? Hope you get your pre-approval letter!




Starting Score: 588
Current Score: 610
Goal Score: 650


Take the myFICO Fitness Challenge
Regular Contributor
Posts: 127
Registered: ‎07-09-2012
0

Re: Equifax now at 652

Congrats!

Moderator
Posts: 12,952
Registered: ‎04-15-2011
0

Re: Equifax now at 652

I would be cautios when sending a GW letter for that late now.  You don't want them to throw the account into dispute while apping for a mortgage.


Starting Score: 504

July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+

Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!
Regular Contributor
Posts: 226
Registered: ‎08-24-2009
0

Re: Equifax now at 652

Shogun,
As far as the 30 day lates having less impact after a year, does the same theory hold true for 30 day lates on a mortgage? How about 60 day lates on a mortgage?
New Member
Posts: 5
Registered: ‎01-05-2013
0

Re: Equifax now at 652

What can I do toimprove score?  Do utilities paid on time help?

 

Moderator
Posts: 12,952
Registered: ‎04-15-2011
0

Re: Equifax now at 652


ktm214 wrote:
Shogun,
As far as the 30 day lates having less impact after a year, does the same theory hold true for 30 day lates on a mortgage? How about 60 day lates on a mortgage?

Yes, it would be the same.  As far as the lates, 30 and 60 day lates are considered minor derogs and will diminish quickly.  90 and above however are major derogs and will still diminish over time but will still impact your score until they drop off.


Starting Score: 504

July 2013 score: EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+

Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

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 based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). 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.