03-21-2013 02:29 PM
Starting to see some results now to my Fico Scores.... I have had 3-7, depending on the CR, baddies off from GW's, and today I noticed that I have a 6 point rise in EQ. There was only 2 things, but hey its 2 things off there now. The biggest winner was TU, I am now up to 551, it was 503. Woohooo... What was also interesting was that I had a repo/or was given back when my BK was filed last year, suddenly taken off my CR. I did call them to see if they do GW earlier in the week and she was like no they don't so I was like ok....I am sooo thankful that it looks like they did take it off my CR (all 3 of them) So now I only show 2 Auto loans that where paid ontime and closed a while back.. This is prolly a dumb question, but lenders CANT see whats not on there right? So, if its not on this report, they don't have it showing on some "special" report they get pay for and see right?
03-21-2013 02:46 PM
A lender can see things that are not reporting if it is credit or insurance for $150,000 or more or your employeer if your annual income is $75,000 or more. They have to ask for these files, it is not automatic and it is rare that they would. But, they can.
03-21-2013 02:54 PM
oh and 1 more thing, these scores are all from just trying to clean up/GW my CR. There is NO open Credit Cards right now. I am super excited/anxious to see what my scores will do late next week as my 2 new Cap1 cards should hit the reports for the first time with 6% hoping for a big bump!
03-21-2013 03:10 PM
Guiness, and certainly others, you have been super helpful ever since I starting reading/posting on myfico. TY! Since I am essentially not using the 30% from open Credit card Util (for now) once those cap 1 cards start reporting, by the end of next week, could I possibly get close to or just over 600?
03-21-2013 04:28 PM
03-21-2013 05:46 PM
Hmm....Ok, I appreciate it! another question, according to CK, this is what I see for AAoA:
Average Age of Open Credit Lines:14 Yrs 5 Mos
So it looks like I have basically 14 years of Credit under my belt. That makes sense as I am almost 33 and those student loans started right after I turned 18 and in college. On my TU (and pretty much all of them) I have 18 Total accounts W/O the 2 new cards from cap 1. After totaling up ALL the accounts (open and closed) it gives me 123 years. So I take 123/18= 6.83 So AAoA is rounded down to 6 years right? ADDING the 2 new cards for a 0 and 0 years, thats 123/20= 6.15 years so AAoA would still be 6 years. Did I do that right? So I would guess I really won't take to big of a hit.
03-22-2013 10:16 AM
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.