09-18-2007 05:21 PM
09-19-2007 09:05 AM
09-21-2007 02:38 AM
10-02-2007 02:57 PM - edited 10-02-2007 02:58 PM
10-02-2007 08:10 PM
Well it has been just about 6 months with no updates.
On another note, according to CreditSecure and my FAKO scores that I pulled, it lists as a Positive factor on all three reports the following:
"You have no open installment loans, such as auto loans, on your credit report. This positively influences your credit score because lenders feel you are more likely to pay your other bills without the fixed monthly payment attached to an installment loan."
I find it interesting that it doesn't appear to see my "inactive" student installment loan, not to mention the fact that it sees having no installment loans as a positive.
I thought having open installment loans was a good thing because it contributed to your mix of credit?
10-02-2007 11:51 PM
10-03-2007 02:34 AM
10-03-2007 03:49 AM
I think that the 10% for "mix of credit" has to be the most unexplained part of FICO scoring. ilovepizza seems to be going out there taking a bullet for the rest of us, and seeing what happens to his scores with some loans. Maybe we'll all be more enlightened then. But yes, I would think that the car loans, open or closed would help. go figure
smallfry wrote: To add to the confusion of the open/closed account theme and mix of credit wouldn't you think having a closed car loan or three on your reports would count towards your "mix" of credit?
10-05-2007 08:19 AM
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.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
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.