10-21-2012 12:46 AM
In September, Trans stated that my husband's credit score was 610. Fast forward to today and it's now 720.
What in the world could have given us a 100+ credit boost? We did purchase a used vehicle and currently paying on a car loan in September but I figured that would lower the credit not boost it. We also maxed our only CC that has a $500 CL with a $500 purchase but PIF a week later ( I wanted to see if doing this would get cap1's attention and boost our limit).
Any explanation? Not upset just curious. Would love to see it jump more!
10-21-2012 04:38 AM - edited 10-21-2012 04:38 AM
That's a great increase! Did your husband previously have any baddies on his report?
10-21-2012 05:03 AM
Where are you getting your scores? Is it from MY FICO? If not then the score is a FAKO meaning it is proprietary and not that useful.
10-21-2012 06:23 AM
First off, congrats!!!! Sounds like something fell off his CR. +1 on where did you get the score? FAKO vs FICO. But still feels good to see those scores go up!
10-21-2012 08:16 AM - edited 10-21-2012 09:04 AM
Well nothing fell off that I know of. His report only had one baddie and that has yet to fall off but it is paid. I do recall the salesman that worked with us telling my husband that his Trans score was 675 in September. We later learned that it might have been an auto enhanced score ( even though this was our first time purchasing a vehicle ) since all we were seeing was 610. I'm so unsure of how scoring works! I know there are FAKO's and FICO's but they seem to range all over the place.
It may just be a FAKO scoring since I did not purchase from myFico. But even if it's not a genuine FICO, it's still a large jump and gives me some hope about the direction we're heading! Plus, very soon I will be using Walmart's Trans Fico score. That will give us a better idea of things. No matter. I'll take it! (:
Copyright ©2001-2013 Fair Isaac Corporation.
All rights reserved.
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.