10-10-2012 08:30 PM - edited 10-10-2012 08:31 PM
We know paying off an installement loan doesn't get you much, even when it is your last remaining installment loan. I just confirmed it. My last Scorewatch alert was 9/29 for my Amex going from $0 to $264 making my 709 stay at 709. I know I have NO accounts that update after that until 3 CCs close in two more days. I just got an alert that my only remaining installment is now showing paid, which got me my ONE point. All the way from 709 to 710 - big deal. Still owe $77,933 on credit cards, though. Divorce stinks!
10-11-2012 05:22 AM
Congrats! Sometimes that 1 point is hard to come by. Good luck on paying down those CC balances, and yes, Divorces Suck!!!!
10-11-2012 07:56 PM
For guys too!
10-11-2012 08:05 PM
Congrats on paying them off. That must be a great feeling.
10-13-2012 07:44 AM
Update with the same change and its effect on CK Vantage and TransRisk:
Same exact credit report that gained me 1 point on FICO 04 based score (Beacon v5.0) made the following changes:
Vantage: DOWN 2 points to 818
TransRisk: DOWN 12 points to 749
FICO went UP and two FAKOs went DOWN.
Was it Illecs that said FAKO is as FAKO does? This is a good example.
10-13-2012 08:54 AM
llecs has been around since here since FICO used the Abacus for figuring scores. He's probably seen it all!!! lol