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Why is my husband's credit score so decent when he has an installment loan charge off???

Moderator Emeritus

Re: Why is my husband's credit score so decent when he has an installment loan charge off???

Alot of the motorcycle places actually have their own credit card type system when you apply for a loan throught them.  It is actually a revolving 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+
Take the myFICO Fitness Challenge

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!

June 2017 update: All scores over 820, just pure gardening now.
Message 21 of 25
Moderator Emeritus

Re: Why is my husband's credit score so decent when he has an installment loan charge off???


makeupgirl wrote:

Yeah they were motorcycle loans, I'm not sure why they're showing as charge accts.

 

and I dont understand all the abbreviation lingo here so I'm not sure what else you were saying, lol


Here is a list of Abbreviations commonly used here. It can get confusing.  Smiley Happy

 

 

 

From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".


Message 22 of 25
New Member

Re: Why is my husband's credit score so decent when he has an installment loan charge off???

yes ppulled all of them. they are all consistent 

Message 23 of 25
Highlighted
Epic Contributor

Re: Why is my husband's credit score so decent when he has an installment loan charge off???


makeupgirl wrote:

yes ppulled all of them. they are all consistent 


Did you pull all of them from annualcreditreport.com?  Those are all directly from the CRAs and free.  They are much more detailed and accurate.

 

The ones you get from 3 -in -1 reports may not be.

Message 24 of 25
New Member

Re: Why is my husband's credit score so decent when he has an installment loan charge off???

yes I pulled all three from annualcreditreport...

Message 25 of 25