topic Re: FICO in Credit Cards

FICO

laryn41 — Thu, 06 Sep 2007 11:20:49 GMT

When asked what your fico score is which one are they asking for? Also score watch...is that just your Equifax score?

Re: FICO

Anonymous — Thu, 06 Sep 2007 12:59:03 GMT

laryn41 wrote:
When asked what your fico score is which one are they asking for? Also score watch...is that just your Equifax score?

Yes Scorewatch is your Equifax score. When asked for your fico score I would give my middle score of the three (EQ, TU, EX). Numbers gotten from here, of course.

Re: FICO

Anonymous — Thu, 06 Sep 2007 13:03:56 GMT

There are a lot of credit scores out there but the only place to get a true FICO is here or the equifax website. The other scores offered by other companies are considered FAKO scores.

Re: FICO

laryn41 — Thu, 06 Sep 2007 13:07:01 GMT

thanks brammy... i totally get that. but sometimes they ask what your fico sore is. which one do they want? eq tu or ex?

Re: FICO

Anonymous — Thu, 06 Sep 2007 13:08:54 GMT

laryn41 wrote:

thanks brammy... i totally get that. but sometimes they ask what your fico sore is. which one do they want? eq tu or ex?

Who asks? In response to that question I would counter with 'Which bureau?'. That way they will know that you are involved with your credit.

Re: FICO

laryn41 — Thu, 06 Sep 2007 13:10:16 GMT

great. How accurate is the score simulator on this website? Are your scores really good. You seem to know alot about this stuff.

Re: FICO

Anonymous — Thu, 06 Sep 2007 13:21:23 GMT

laryn41 wrote:

great. How accurate is the score simulator on this website? Are your scores really good. You seem to know alot about this stuff.

Think they are ok for someone who has a BK on file. Range from 680-709 but about to take a hit from opening another account and a Max out BT. I waited a long time to try and reestablish credit after my BK or fix errors on my report. Last year this time, my scores were at least 100 points lower. However, I will be honest and say that I am done apping for a good long time. Have managed to establish the credit limits I wanted so now its just time to sit back and enjoy the fruits of my hard work. My first app'd accounts after my first subprime card just saw their first birthdays in July, I have opened Five cards in 07.

Now I am just working on the keepers. Went from 1500.00 in credit in June of 06 to 30k today

BTW the scorewatch simulators are just that, simulators but they do give a pretty accurate range

Message Edited by Brammy on 09-06-2007 09:21 AM

Re: FICO

Anonymous — Fri, 07 Sep 2007 01:36:38 GMT

Brammy wrote:

laryn41 wrote:
great. How accurate is the score simulator on this website? Are your scores really good. You seem to know alot about this stuff.

Think they are ok for someone who has a BK on file. Range from 680-709 but about to take a hit from opening another account and a Max out BT.
Now I am just working on the keepers. Went from 1500.00 in credit in June of 06 to 30k today

Message Edited by Brammy on 09-06-2007 09:21 AM

Brammy,

You have done tremendously well pulling yourself up by your

bootstraps in a year's time. Congratulations!

May I ask how much of a hit will you take by opening an account

and maxing it out through a BT? I always wanted to do that when

I received 0% for a whole year or longer, but was told it would really

hurt my credit score. I would think if I wasn't applying for new credit

anyway soon or a home or loan that it would be okay to do so.

Your thoughts please.

SandyK

Message Edited by sankofa on 09-06-2007 06:36 PM

Re: FICO

Anonymous — Fri, 07 Sep 2007 03:08:49 GMT

Im not sure how badly it will hurt the true FICO I think is supposed to take in over all utilization. Since I dont plan on apping anytime soon I'll just wait it out. I'm not maxing the new one out. I got a 1.99% for life of balance offer on an existing card but its a low limit. So I will be maxing that one out. But the first concern is the wallet for me

Re: FICO

Anonymous — Fri, 07 Sep 2007 07:24:01 GMT

Brammy wrote:
Im not sure how badly it will hurt the true FICO I think is supposed to take in over all utilization. Since I dont plan on apping anytime soon I'll just wait it out. I'm not maxing the new one out. I got a 1.99% for life of balance offer on an existing card but its a low limit. So I will be maxing that one out. But the first concern is the wallet for me

Have to agree with you on the wallet Brammy. A dollar saved is a dollar earned.

Re: FICO

Anonymous — Fri, 07 Sep 2007 15:00:42 GMT

Brammy wrote:
I got a 1.99% for life of balance offer on an existing card but its a low limit. So I will be maxing that one out. But the first concern is the wallet for me

Wow a 1.99% for the life of the balance? I wouldn't hesitate either!!!!!

Sounds like you have all of your ducks in a row!

Well done and good luck to you!

SandyK

Re: FICO

Anonymous — Fri, 07 Sep 2007 16:23:59 GMT

Brammy,

Well it seems wonders never cease!! Today I received a 1.99% offer in the mail from Capital One that is good until April, 2008. I have a $3500.00 Mastercard CL with them. I paid off 3 accounts last month and probably could use this 1.99% to lower some utilzations on my 3 Amex cards. I am down to below 40% on utils and working on 30% now. I am putting all of my bills on automatic payments. I plan not to use but one card to PIF each month.

If you don't mind LOL, I think I too will follow your lead and use this 1.99% BT to my advantage and put a dent in my wallet also! Thanks for sharing your valuable insight with me/us.