04-24-2007 08:01 AM
04-24-2007 08:20 AM
militivy wrote:I just received a report from CBCInnovis of a score disclosure from a mortgage loan application. It shows 3 fico scores. A beacon 5.0 score of 716, a classic score of 744 and a fair isaac score of 727. It shows a derogatory public record or collection filed. This was a bankruptcy discharged in June 1998. OK 9 years ago. It says lack of recent installment loan information. We have no installment loans. It says too many inquiries last 12 months. To the best of my knowledge there has been only one when I got a copy of my report from Experian in February. Why does us not having a car loan, installment loan, and unknown inquiries hurt our credit score and why are there 3 scores. We have worked very hard over the past 9 years to to keep as debt free as possible. Why does not buying a new car lower our score?Thanks
04-24-2007 11:38 AM
04-24-2007 01:35 PM
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