Reply
Contributor
buckeyelady84
Posts: 84
Registered: ‎09-12-2012
0

Old charge off

An old first premier CO aged off TU. I checked my CK And my FAKO dropped 9 pts.
Starting 8/12 EQ- 522, TU 542. Current 5/14 EQ-664 TU-686 EX-unk
Goal to keep building up my credit.
Valued Contributor
dddewdrop
Posts: 1,060
Registered: ‎02-06-2013
0

Re: Old charge off

   It is probably because your fako score is being effected negatively because you have one less account. CreditKarma scoring models want you to have 21 tradelines for an optimal account with is very different that the fico models. It takes up enough time and effort trying to figure out the fico model. Don't waste time and energy trying to figure out the CK fako model. It is almost completely irrelevant to your fico score.

0/10001100/13001346/16001699/2000Prepaid ,,Recent scores:FICO EX 632,EQ 635,TU 632...Link to my Rebuild Log
Contributor
buckeyelady84
Posts: 84
Registered: ‎09-12-2012
0

Re: Old charge off

Thank you. Hopefully when I get my real FICO it will have went up.
Starting 8/12 EQ- 522, TU 542. Current 5/14 EQ-664 TU-686 EX-unk
Goal to keep building up my credit.

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+