Regular Contributor
Posts: 114
Registered: ‎05-05-2008

FAKO up 37, FICO down 6

I feel trapped here.  I paid down a CC from a $5K balance to $300 and got one collection account removed....and my FICO dropped 6 points from 558 to 552 on experian.  I also got added as an authorized user on another account that I know is in good standing with a $1500 balance on a $30K CC...with no lates.  I have 65 lates on my record mostly on student loans.  I need to get above 600 to qualify for a loan but it seems like I'm spinning my wheels.  I can't qualify for the loan if I can't get caught up, but I can't get caught up if I can't get a loan either!!!  Anyone have any luck with GW's on AES student loans?  I'm ready to throw in the towel and just give up.
Moderator Emeritus
Posts: 7,326
Registered: ‎06-18-2007

Re: FAKO up 37, FICO down 6

all of those late pays are killing you.......check out the student loan thread....someone there might be able to help you. All I know is to send GW letters to them.
As to paying down on your CC and being added as an AU  will only help!
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 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.