12-13-2010 04:34 PM
Interestingly TU updated for this deletion and I only got a 35 point bump on my TU score. I'm not complaining, just noting how TU and EQ apparently use different algorithms in computing their scores.
They definitely use different algorithms. Each CRA has its own formula, slightly different from the others.
Combined with the fact that most of us have info that is slightly different on each of our three reports explains why our FICO scores are nearly always different from one another.
12-24-2010 12:24 PM
Yesterday I received the scores shown below from a lender (I'm considering taking out a small mortgage on my home). These scores would not have been possible without the information and resources I obtained here. Paying attention to my CR has really paid off. One question: I have no mortgage loans or installments loans just credit cards (I've had mortgages in the past but they were paid off when my houses sold, and my current hourse is owned free and clear). If I do take out a small mortgage will this increase my score because of a better credit mix, or hurt it because of the credit inquiry (already happened) but loan?
Thanks and happy holidays to all!!
12-24-2010 12:28 PM
I can't answer your question, but just wanted to say you did an amazing job with your scores. HUGE Congrats
12-26-2010 07:54 PM
I just had a Paid collection removed from my report which resulted in my score going from 666 to 690. I also had a 4 and half year old late payment from a closed account removed from my report that jumped me from 690 to 715. Today I got another alert with no real explanation that my score went from 715 to 726.
03-07-2011 05:50 PM
03-07-2011 09:41 PM
I know this is last year's thread, but I just wanted to say that when I pull my credit reports I receive the comment about one reason my score is lower is because I don't have a mortgage. Implying it would be higher if I did, (for the credit mix).
05-21-2013 01:35 PM
10-21-2013 06:19 AM
I am not sure of how much it will increase with the student loans. I was in the same boat and had five very derogatory payments on my student loans while going through a divorce....pay your mortgage or student loans? I completed a rehabilitation and have documentation that they will remove all adverse reports and after the third dispute which is pending they still remain on my credit. I will repost once they are removed to let you know how much my score has increased. This has been a battle for sure.
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