topic Re: 4 weeks equals 4 years in Understanding FICO® Scoring

4 weeks equals 4 years

MidnightVoice — Tue, 12 Jun 2007 13:19:30 GMT

4 years of careful money management – score increase of 54 points.

Playing the FICO game – increase of 69 points in 4 weeks

Re: 4 weeks equals 4 years

Tuscani — Tue, 12 Jun 2007 13:24:22 GMT

Feels good being one of the few educated doesn't it?

Re: 4 weeks equals 4 years

MidnightVoice — Tue, 12 Jun 2007 13:25:33 GMT

The inanity of the system is starting to amuse rather than annoy me.

And I always liked games

Re: 4 weeks equals 4 years

fused — Tue, 12 Jun 2007 22:34:47 GMT

Now, if only I can figure out how to win the changing of the "buckets, pools and scorecards" part of the FICO game!

Re: 4 weeks equals 4 years

Anonymous — Tue, 12 Jun 2007 23:06:12 GMT

fused111 wrote:
Now, if only I can figure out how to win the changing of the "buckets, pools and scorecards" part of the FICO game!

Just keep doin' what you're doin'. I think many of them are based on history, so you simply have to let time go by until you have x number of TLs with y number of on-time payments, and baddies a thing of the not-so-recent past ...

Re: 4 weeks equals 4 years

MidnightVoice — Wed, 13 Jun 2007 12:57:33 GMT

I think once one reaches a certain point one's only friend is time

Re: 4 weeks equals 4 years

Anonymous — Thu, 14 Jun 2007 16:27:40 GMT

THAT'S encouraging, thanks for the input...

Re: 4 weeks equals 4 years

MidnightVoice — Thu, 14 Jun 2007 16:33:31 GMT

I like to add some good news when possible

And success is possible

Re: 4 weeks equals 4 years

Anonymous — Thu, 14 Jun 2007 16:42:56 GMT

PLEASE ILLUSTRATE HOW YOU BUMPED IT THAT MANY POINTS IN SO SHORT A TIME

Re: 4 weeks equals 4 years

MidnightVoice — Thu, 14 Jun 2007 17:22:01 GMT

rifleman wrote:
PLEASE ILLUSTRATE HOW YOU BUMPED IT THAT MANY POINTS IN SO SHORT A TIME

OK, I promise I will, if you will take the Caps Lock off

I was fiscally responsible for 6 years and that has not changed

I got free credit reports in February and disputed everything disputable. I got 3 full credit reports from here and redisputed everything that they had not removed, using some suggestions from here. I checked who pulled which CRA reports for which cards and got 1 extra card from my highest score (which had least inqs) to triple my available credit. I paid my CCs twice a month - 95% before the statement date, the rest after the statement (I love free on line banking and 24/7 access to CC status). I became (am becoming) joint with my wife on everything good we have. I avoided all unnecessary hard pulls like the devil. I talked to people about how to what in the short and long term.

It took a lot of effort and time, but again, long term it will be worth it.

Stuff started trickling in, but nearly everything hit at once in late May, early June. EX still hates me.

Re: 4 weeks equals 4 years

Anonymous — Thu, 14 Jun 2007 18:05:49 GMT

ok CAPS OFF to you! Good strategies. I'm doing something similar, unfortunately my last past due account was a year ago, so I need some quality time to go by until I can really get high marks in that payment history catagory.

Re: 4 weeks equals 4 years

MidnightVoice — Fri, 15 Jun 2007 13:18:37 GMT

In some ways bad credit is like a hangover - time is the only real cure

But knowing the rules sure can help.

Re: 4 weeks equals 4 years

fused — Sat, 16 Jun 2007 20:58:39 GMT

rifleman wrote:
ok CAPS OFF to you! Good strategies. I'm doing something similar, unfortunately my last past due account was a year ago, so I need some quality time to go by until I can really get high marks in that payment history catagory.

Have you tried GW letters on your late payments?

Message Edited by fused111 on 06-16-2007 10:58 AM