topic Re: Score increase! in Understanding FICO® Scoring

Score increase!

ktl55 — Tue, 01 May 2007 22:20:40 GMT

I know it isn't the real score but my Exp score increased from 521 on 4/3, to 540 on 4/30 to 603 today. Do you think I will see my Fico score increase if my FAKO score increased, this is exciting to me. i have NEVER seen a rise, only a decline............yeah for me.

Re: Score increase!

Tuscani — Tue, 01 May 2007 22:40:37 GMT

Hate to say it... but FAKOs are always higher for me.

Re: Score increase!

ktl55 — Tue, 01 May 2007 22:44:53 GMT

it was the opposite for me. When I pulled my FACO's in early march they were at least a 50 point difference in my favor. TC gave me a score for TU at 589, when I pulled it from FICO it was 640

Re: Score increase!

Tuscani — Tue, 01 May 2007 22:51:18 GMT

Doesn't surprise me.. My wifes FICO is always higher as well!

Re: Score increase!

Anonymous — Tue, 05 Jun 2007 15:52:41 GMT

What is the best way to increase my scores?

Eq-506

Ex-513

Tu-518

Thanks.

Re: Score increase!

Tuscani — Tue, 05 Jun 2007 16:16:31 GMT

mustang wrote:
What is the best way to increase my scores?
Eq-506
Ex-513
Tu-518
Thanks.

Welcome.. we need way more info.. what TLs and baddies do you have?

Re: Score increase!

Anonymous — Tue, 05 Jun 2007 16:37:09 GMT

@ktl55 wrote:
I know it isn't the real score but my Exp score increased from 521 on 4/3, to 540 on 4/30 to 603 today. Do you think I will see my Fico score increase if my FAKO score increased, this is exciting to me. i have NEVER seen a rise, only a decline............yeah for me.

Probably will increase. But sometimes the FAKOs go up 20 points and FICO goes up 6 points. Generally if your FAKOs jump a huge amount your FICO should go up a little too. But they will not go up the same amount. FAKOs can jump 50 points and FICO can jump 10 points. But either way a big score increase is felt along all score models.

Re: Score increase!

dallas01 — Tue, 05 Jun 2007 16:40:24 GMT

My Experion scores

fako = 550

fico = 621

Re: Score increase!

Anonymous — Tue, 05 Jun 2007 18:39:57 GMT

Congratulations on the increase!

My FAKO scores are lower than FICO too.

Re: Score increase!

Momof5 — Wed, 06 Jun 2007 13:55:43 GMT

In my experience....if your FAKOs are 589 or less.....FAKOs are higher. Once you cross the 590 barrier, the FICOs are higher! (eg: TU FAKO was 604......FICO was 659! earlier......in the start of things.... EQ FAKO 525.....FICO 489! UGH!)

Re: Score increase!

MM1234 — Thu, 07 Jun 2007 14:50:34 GMT

Yep - Only my EQ FAKOs is higher than my FICO . I use TC to monitor all 3. The others are about 4-5 lower than my Real FICOs. Wild.

Re: Score increase!

hpertrain — Fri, 08 Jun 2007 12:17:08 GMT

Hi, new to this board and looking to understand something. I have the score power and on 6/6 it said Equifax 676 then on 6/7 I purchased my report and Eqifax now said 654??!!?? All my revolving debt is long paid off,there were no new inquiries, I have not been searching for new credit, all bills paid on time...absolutely nothing negative. What could constitute a 22 point drop in one day?? Thx

Re: Score increase!

Tuscani — Fri, 08 Jun 2007 13:51:05 GMT

hpertrain wrote:
Hi, new to this board and looking to understand something. I have the score power and on 6/6 it said Equifax 676 then on 6/7 I purchased my report and Eqifax now said 654??!!?? All my revolving debt is long paid off,there were no new inquiries, I have not been searching for new credit, all bills paid on time...absolutely nothing negative. What could constitute a 22 point drop in one day?? Thx

Read the scoring 101 thread.

Re: Score increase!

hpertrain — Sat, 09 Jun 2007 15:52:49 GMT

Tuscani, first of all the 101 was excellent reading. I really appreciate you posying that.However no where in there could I see anything that gave any kind of an explanation of how or why my Eq. could fall 22 points over night with as I explained no new inquiries, no usage of revolving,etc.I got a score power alert saying 676 and then the next day I purchase my report and it's 656?? There has to be some sort of explanation?? Thx

Re: Score increase!

Anonymous — Sat, 09 Jun 2007 16:40:02 GMT

@hpertrain wrote:
Tuscani, first of all the 101 was excellent reading. I really appreciate you posying that.However no where in there could I see anything that gave any kind of an explanation of how or why my Eq. could fall 22 points over night with as I explained no new inquiries, no usage of revolving,etc.I got a score power alert saying 676 and then the next day I purchase my report and it's 656?? There has to be some sort of explanation?? Thx

Reaching for straws here:
You indicated "long paid off"
Any chance some of these accounts went into an inactive status?
They need to be "touched" every 3 months or so.

Re: Score increase!

hpertrain — Sat, 09 Jun 2007 17:42:49 GMT

Timothy,thanks for the response. No none of the accounts are in an inactive status. All of my revolving was paid off in April/May of this year so only a month or 2 ago. It just boggles my mind how my score can drop 22 points in just one day with nothing negative reported. I mean it could very well go up 22 points by Mon. but it's just wierd.

Re: Score increase!

Tuscani — Sat, 09 Jun 2007 18:19:57 GMT

hpertrain wrote:
Timothy,thanks for the response. No none of the accounts are in an inactive status. All of my revolving was paid off in April/May of this year so only a month or 2 ago. It just boggles my mind how my score can drop 22 points in just one day with nothing negative reported. I mean it could very well go up 22 points by Mon. but it's just wierd.

I am not sure. Small fluctuations are normal.. But I would expect something to change for a 22 pt drop. Sorry I do not have a better answer.

Re: Score increase!

Anonymous — Sat, 09 Jun 2007 20:00:11 GMT

Could have been a change to the Scorecard you were in when you received the SW report... Your debt was paid off and that may have been the difference between in criteria for the Scorecards.

No way to know for sure about the Scorecard, but we definitely know they exist.

Rob

Message Edited by FICO_Focused on 06-09-2007 04:00 PM

Re: Score increase!

Tuscani — Sat, 09 Jun 2007 20:21:02 GMT

FICO_Focused wrote:
Could have been a change to the Scorecard you were in when you received the SW report... Your debt was paid off and that may have been the difference between in criteria for the Scorecards.

No way to know for sure about the Scorecard, but we definitely know they exist.

Rob

Message Edited by FICO_Focused on 06-09-2007 04:00 PM

Yea... That is the only thing I can think of.

Message Edited by Tuscani on 06-09-2007 03:21 PM

Re: Score increase!

hpertrain — Sun, 10 Jun 2007 20:27:54 GMT

Rob, thanks for the reply. I'm not sure I fully understand what you are saying. What do you mean by a change to the scorecard I was in??

I have searched and searched as for any logical explanation. There are absolutely no new inquiries,that I see showing, no derogatory info,etc. There is nothing to explain a 22 point drop in one day, especially when I have worked hard to pay off all my debt last month and have not had any lates since Nov. of last month. I've done absolutely everything the right way and all of the sudden my score goes backward!! It's just frustrating as I'm working hard for a new mortgage and have been getting closer and closer to breaking 700! Thanks