Reply
Member
Objective
Posts: 21
Registered: ‎03-22-2012
0

Unbelievable Credit Rating Change in 3 Days?

I established credit 5 years ago with a small installment loan, then added one dept. store card and in the last two years two regular credit cards.

A pretty thin history and it has been a struggle to get my score up. 

 

3 years ago my rating was 585.  Then it gradually moved into the 600's.  Signed up for quarterly service on here and pulled my FICO TU score three days ago: 654.

Not very good but maybe one of the accounts I paid down hadn't hit the agency yet (I know one did because Discover Card changed my rating from fair to good and said the main reason was elimination of high utilization rate).

 

So today I applied for a loan and was shocked when the finance officer told me that I had a superb rating.   Beacon FICO of 797.   I know there are differences between ratings but isn't this a little exaggerated?

 


Starting Score: TU 619 (3-2-2012)
Current Score: EQ 797 (4-7-2012)
Goal Score: 825


Take the FICO Fitness Challenge
Frequent Contributor
Juss11
Posts: 298
Registered: ‎10-16-2011
0

Re: Unbelievable Credit Rating Change in 3 Days?

Yeah I know what your saying. I was told a few days ago that my EX score was a 668 from my credit union, when I applied for a loan. Went to my dealer to Apply and was told I was a 700. Not near as yours, but still felt good. Nice score you have congrats!

Established Member
memee1978
Posts: 10
Registered: ‎08-16-2008
0

Re: Unbelievable Credit Rating Change in 3 Days?

Does signing up for quarterly reporting boost everyone fico scores?

hr>Starting Score: 415 eq
Current Score: 475TU
Goal Score: 620


Take the FICO Fitness Challenge

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+