topic Re: Experian Business Question in Business Credit

Experian Business Question

2wheel — Tue, 14 Jul 2009 20:43:13 GMT

I was wondering when a new tradeline reports to experian is it common for you score to drop and then recover?

Reason being my brother just got his 3rd tradeline on experian today and his score went from 59 to 49 all his tradelines are in good standing just wondering about the drop

Re: Experian Business Question

haulingthescoreup — Tue, 14 Jul 2009 23:52:16 GMT

Huh? 59 to 49? Never heard of such a score.

A new account generally hurts, unless it's a CC and you only had one or two open CC's already.

The ding is for:

(1) --having a new account, aka, less than 12 months old

(2) --lowering your AAoA (average age of accounts)

(3) --util increase, if the account opened and reported with a balance

(4) --"too many accounts with balances" --same as above, and the proportion of accounts with balances has changed

Re: Experian Business Question

llecs — Wed, 15 Jul 2009 00:58:21 GMT

Yep, Paydex and EX biz scores run on a two digit system.

Message Edited by llecs on 07-14-2009 08:58 PM

Re: Experian Business Question

Red1Blue — Wed, 15 Jul 2009 10:57:15 GMT

It is normal for the Experian Biz scores fluctuate. Also recently they changed their rating system couple of months ago. Before that my scores used to be 98 and my scores fell to 62. Few months later my scores are now at 96 again. One of the changes they made is risk score for the type of business. What is the SIC code you have on the report? They are assigning risk based on SIC code. If needed you could consider changing the SIC code. Also once you bring the balances down your scores will go up again. From what I have seen EX Biz Report is very fair system.

Message Edited by concorduser on 07-15-2009 03:57 AM

Re: Experian Business Question

2wheel — Wed, 15 Jul 2009 22:15:20 GMT

Thats what I was telling him He is new to the business world. I know he will recover in a few months I know Mine goes up and down all the time from 83 to 78 I seen 72 3 months ago.

Re: Experian Business Question

haulingthescoreup — Wed, 15 Jul 2009 22:58:53 GMT

llecs wrote:

Yep, Paydex and EX biz scores run on a two digit system.

Thanks! I learned something new today.

* goes to put ice bag on over-heated head *

Re: Experian Business Question

2wheel — Wed, 15 Jul 2009 23:08:39 GMT

LOL...... I Saw your post and I was getting dizzy..... I thought man after 20k posts and he dosent know experian business is a 2 number score. Either someone stole his identy And the person is about to give alot of people bad advise or HTSC has finally cracked.

Re: Experian Business Question

haulingthescoreup — Wed, 15 Jul 2009 23:32:47 GMT

No, I happily admit that I know nothing about biz credit specifically. I'm just a cop working the neighborhood beat on this board!

And I'm a "she", btw.

Re: Experian Business Question

2wheel — Wed, 15 Jul 2009 23:40:16 GMT

my bad HTSC dont arrest me

Re: Experian Business Question

haulingthescoreup — Thu, 16 Jul 2009 00:35:54 GMT

lol, I get it all the time. I'm always amazed at how many people think I'm a man.

OTOH, someone once posted that I knew I had to be a woman because I talk (post) incessantly!

Re: Experian Business Question

Anonymous — Fri, 18 Sep 2009 11:34:45 GMT

@haulingthescoreup wrote:
lol, I get it all the time. I'm always amazed at how many people think I'm a man.

OTOH, someone once posted that I knew I had to be a woman because I talk (post) incessantly!

Hauling, just once, when somebody posts a question on these boards, reply with "If you don't know, I'm not going to tell you!"

Then they'll know, for sure.

lol

Re: Experian Business Question

haulingthescoreup — Sat, 19 Sep 2009 04:24:39 GMT

Uborrow-Upay wrote:

@haulingthescoreup wrote:

lol, I get it all the time. I'm always amazed at how many people think I'm a man.

OTOH, someone once posted that I knew I had to be a woman because I talk (post) incessantly!
Hauling, just once, when somebody posts a question on these boards, reply with "If you don't know, I'm not going to tell you!"

Then they'll know, for sure.

lol

I don't think that I'm physically capable of saying that. I was brought up to respond to all comments, no matter what. It's a Southern thang. We just have to get in the last word.

Kinda like here.

I'll keep in mind your response, though. I can definitely see that one coming in handy!