Understanding FICO® Scoring

turn on suggestions Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Reply
Topic Options
Member
Sup3Rmari0
Posts: 8
Registered: ‎10-31-2012

Will Credit Builder program help?

Options

‎10-31-2012 06:20 PM

I've been on a program since early 2012 to help build my credit. The last payment is tomorrow 11/1.  Will this boost my score some, or make it drop? I'm at 595 now (:smileyfrustrated:), was at 621 on 10/6 and still trying to figure out why it dropped to 595 on 10/24.  

I didn't do anything differently or even use my credit cards...also was not late on a payment.

Message 1 of 2 (236 Views)
 
Reply
Established Member
ZS1988
Posts: 22
Registered: ‎06-06-2012

Re: Will Credit Builder program help?

Options

‎11-01-2012 01:41 PM

Did you use your card at all??? Will this might be your actual score if you did not have a credit card before them for 2 years. Burea missing 2 years credit, and if ur rebuilding from scartch this year, its kind of like renew. Also, keep your card charge at 5% aleast.

Starting Score: EQ669, Jan 15, 2013
Current Score: EQ669(01/15/13), TU696 (01/29/13)
Goal Score: 780+ All Across
Wallet: $5000 CSP / $3400 CPR / $551 Cap 1 Secure
Message 2 of 2 (200 Views)
 
Reply

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.
www.myfico.com is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+