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Contributor
Posts: 86
Registered: ‎12-07-2012
0

Is there such thing as temporary increase?

Hi all,

This is my first post ever. I just started this journey to build back my credit score a couple of days ago. I pulled and dispute 3 accts that were showing late payments online with all 3 credit bureaus and signed up with score watch on 12/5 and today I've got a email alert that my EX fico score went up from 599 to 606 due to changes to those 3 accts. is it really possible for my score goes up this fast? I thought it might take several weeks. This not just a temp increase right? I'm tempted to pay for EX credit report right now To check what happened.


Starting Score: 2/22/12: EQ 530, TU 553, EX 528(lender). 12/4/12 (rebuilding starts)= EQ 599.
Current Score: 7/2/2013: EQ 712, TU FICO 702, EX 716(CU pulled).
Goal Score: 750 all across.

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Established Contributor
Posts: 573
Registered: ‎02-12-2011
0

Re: Is there such thing as temporary increase?

Well I had the same thing happen to me, only it was about 16 points. I'm not sure if it's "temporary" or what but I'll take 'em for a little encouragement right now lol.



Starting Score: EQ: 383 2/2011
Current Score: TU: 644 EQ: 648 EX: 6?? 2/2015
Goal Score: 700


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Moderator
Posts: 13,756
Registered: ‎04-15-2011
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Re: Is there such thing as temporary increase?

Sure it can go up.  You will see scores fluxuate up and down a bit.  Just work on keeping your payments on time and build new credit while trying to clean bad credit.



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+
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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: 2,661
Registered: ‎04-25-2011
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Re: Is there such thing as temporary increase?


Mama-j wrote:

Hi all,

This is my first post ever. I just started this journey to build back my credit score a couple of days ago. I pulled and dispute 3 accts that were showing late payments online with all 3 credit bureaus and signed up with score watch on 12/5 and today I've got a email alert that my EX fico score went up from 599 to 606 due to changes to those 3 accts. is it really possible for my score goes up this fast? I thought it might take several weeks. This not just a temp increase right? I'm tempted to pay for EX credit report right now To check what happened.


You cannot purchase your Experian FICO, so did you mean Equifax?

 

And your score is a reflection, or snapshot, of any given moment. Your score can fluxate day to day depending on scoring factors.

 

Your score can go up or down every single time that snapshot is taken. For me, my score changes almost daily as I have 10 accounts that can wildly swing on balances. So my score can deviate between 60-80 points any given month.

 

Understanding WHY is the real key.

 

-scott

Starting FICO Score: 10/10: TU 498 | EQ: 502 Current FICO Score(lender pull): 09/14: TU: 784 | EQ: 752 | EX: 784
Collections Removed: Hunter Warfield, CBE Group, Merchants Credit Guide, EOS-CCA, Enhanced Recovery, Portfolio Recovery, UCB, American Collection Company, Medical Business Bureau, Jefferson Capital, Credit Portfolio Associates, FCO, LVNV, Convergent, Armor Systems
Other Negative Entries Removed:Plains Commerce CO, HSBC CO, 2008 Judgment Santander Reposession


Positive Accounts:10/10: 0 | 07/12: 6 | Mortgage Closed 5/12, Macy's AMEX $13900, Citi/Home Depot $8500, Capital One Cash Rewards $3500, BOA $7500 Total Utilization: 3%. AAoA: 2yr, 9mth. INQS: 1 TU, 1 EQ, 3 EX
New Contributor
Posts: 88
Registered: ‎11-16-2012
0

Re: Is there such thing as temporary increase?

When you disputed those lates it took them out of score factoring so mostly that is what is making it go up...if they verify them and it is no longer under dispute then most likely your score will return to what it should be...


Starting Score: EQ 575 EX 595 TR 524
Current Score: EQ 643 EX ??? TR 638
Goal Score: EQ 300 EX 300 TR 300


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