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
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. 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.