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wayne
Posts: 1
Registered: ‎06-06-2007
0

understanding Scoring

My score has increased by 4 points this month.  I obviously am doing something right.  How can I tell what 4 points equates to?  Where do I see a formula for point increases?
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Tuscani
Posts: 6,182
Registered: ‎03-29-2007
0

Re: understanding Scoring

You can't. :smileyhappy:
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masdeocho
Posts: 2,050
Registered: ‎04-17-2007
0

Re: understanding Scoring

I'm not trying to burst your bubble, but don't be surprised if your score drops 10 points next time you check it.  There are a zillion factors that influence the score, and progress isn't always immediately demonstrated by a higher score.  Read some of the posts about how to keep improving, and with some work you'll eventually see results!
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Bartender, bring another round of FICOtinis please!

9.4.2011: TU 805. EQ 815.
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fused
Posts: 16,378
Registered: ‎03-12-2007
0

Re: understanding Scoring



wayne wrote:
My score has increased by 4 points this month.  I obviously am doing something right.  How can I tell what 4 points equates to?  Where do I see a formula for point increases?


Just wait until you change "scorecards, buckets or pools" as I might have.  Crazy things happen to your FICO scores.
Credit Profile -
FICO 08 Scores (09-16-2014): EQ 824, EX 817, TU 822
All three scores were 850. Lost points for not having an open installment TL. So, BE WARNED!!!!!
Credit History: 26+ years ~ AAoA: 12 years ~ Util: 1% ~ Inqs: EX 1 (Amex 07-15-2014)


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