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?
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!
Does signing up for quarterly reporting boost everyone fico scores?