How to increase score

[MidnightVoice]

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Tuscani wrote:

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MidnightVoice wrote:

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Tuscani wrote:

And only you can see soft inqs.

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Unless you get your CR from MyFiCO, when no one can see them, including you 

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Right... let me rephase.. only you can see soft Inqs and to see soft Inqs you have to get your report directly from the CRA.. Makes sense as MyFICO only cares about items that affect your score (which is why you don't see Inqs over 12 mo old on your MyFICO reports).. I think many people would agree that if it doesn't affect their score they could care less. Us addicted people are the exception..

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Now I understand.

Having opted out, it is interesting to see who is doing what in terms of soft enquiries though.  At least every couple of years or so, or when I get my free annual reports

[smallfry]

Maybe Tuscani can address this. If a prospective lender learns all he needs to know by doing a soft pull why the boot in the behind with the hard pull? Especially multiple hard pulls and a rejection to boot. I hate AMEX. LOL. Really I do.

[ctnbpl]

I have 14 month to dateline

My friend have 16 inquire just for credit line increase from CITI bank? if he want to take a mortgage loan, will mortgage officer look at those 16 inquire that much? will they know what the inquire is from?

inqure show only at transunion credit report( hard cover inqurire) and his credit is 785

Also I was spoke with one of Bank of America Representative credit specialist

and she tell me that credit line of 30,000 is same "represent your credit score as" line of$50,000 or more..what you guys think? What I think she mean like 30 thousand is the same as 50 thousand or more credit limit..? what about UTLIZ? she say around 40 percent...

Message Edited by ctnbpl on 05-26-2007 04:23 PM

[smallfry]

I don't know. Mind if I ask you a question? What is your native language?

[Anonymous]

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@smallfry wrote:
Maybe Tuscani can address this. If a prospective lender learns all he needs to know by doing a soft pull why the boot in the behind with the hard pull? Especially multiple hard pulls and a rejection to boot. I hate AMEX. LOL. Really I do.

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My guess is that the procedures agreed between the CRAs and member creditors require the creditors to properly code each inquiry. A lender would need to do a hard pull so that OTHER potential lenders could see how often a particular person was applying for credit. But Tuscani probably would know for sure ...

[ctnbpl]

Plain English

I have 14 month to get 800+ score

My friend have 16 inquire because of increasing balance each month those inquire came from Citi, Will mortgage officer care that he have 16 inquire? and also when mortgage officer pull up a report is he-she know what the inquire was for? Those inquire show only at Transunion  and his credit is 785

also I spoke with Bank of America and they say that credit line of 30,000 is the same  as 50, 000 and even if you increase your credit line it will not help you

Ps: My language is Polish, I am here only 2 years

Message Edited by ctnbpl on 05-26-2007 05:05 PM

[Anonymous]

My scores never went up with credit line increases. Only percentage effected it. And with higher credit lines my percentage of UTL is lower with same debt. But the credit lines never seemed to effect my scores on FICO. They did seem to effect my scores on FAKOs. Are you applying for this job or do you know for certain that you will get it?

[smallfry]

My great-grandmother is from Warsaw.

[smallfry]

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@Anonymous wrote:
My scores never went up with credit line increases. Only percentage effected it. And with higher credit lines my percentage of UTL is lower with same debt. But the credit lines never seemed to effect my scores on FICO. They did seem to effect my scores on FAKOs. Are you applying for this job or do you know for certain that you will get it?

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Unless you are extremely careless with the new credit it would normally follow that a healthy increase in available credit would really help utilization. Don't know how much though since there are other factors at play. Problem here seems to be history.

[smallfry]

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@ctnbpl wrote:

Plain English

I have 14 month to get 800+ score

My friend have 16 inquire because of increasing balance each month those inquire came from Citi, Will mortgage officer care that he have 16 inquire? and also when mortgage officer pull up a report is he-she know what the inquire was for? Those inquire show only at Transunion and his credit is 785

also I spoke with Bank of America and they say that credit line of 30,000 is the same as 50, 000 and even if you increase your credit line it will not help you

Ps: My language is Polish, I am here only 2 years

Message Edited by ctnbpl on 05-26-2007 05:05 PM

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I don't think they will know what the inquiries are for since they are only going to get a snapshot and not a running total on his credit lines. I've never heard of anyone getting CLI's that often. Are you sure that these are hard inquiries? It is listed in the reports.