topic Re: Please tell me why my credit score is 680? in Understanding FICO® Scoring

Please tell me why my credit score is 680?

Anonymous — Mon, 11 Aug 2014 01:49:27 GMT

I have a stellar credit history- three paid off mortages-15 various credit accounts paid in full over 35 years-six car loans- and a fico score from trans-union@680?

i currently have only one credit card with a 30% utilization rate on a $22000 limits

My credit score was 801 in 2005. Two years ago it was 740. Now 680 which makes my credit "fair". I have never missed a payment in 35 years. NO dings whatsover on my credit. NONE. And now i am faced with issues if i try to rent a place or buy a car on credit.

Can anyone tell me what I have to do to improve my score?

Please HELP~

Re: Perfect credit-never missed a payment- one credit card@30% utilization-and a low credit score.

Anonymous — Mon, 11 Aug 2014 01:44:59 GMT

Pay down your card and get a couple more. 3 seems to be the sweetspot for FICO it seems.

Re: Perfect credit-never missed a payment- one credit card@30% utilization-and a low credit score.

Anonymous — Mon, 11 Aug 2014 01:50:26 GMT

makes sense but now? how do i get more cards with questionable credit?

Thanks!

Re: Perfect credit-never missed a payment- one credit card@30% utilization-and a low credit score.

Closingracer99 — Mon, 11 Aug 2014 03:04:12 GMT

Do you know your EX score or EQ? For Example Amex Pulls EX so if your EX is higher you might had a good chance getting one of those cards. Citi pulled EQ for me so a higher EQ score could be good if you can find out which cards pull which. Barclays pull TU. Credit score alone doesn't tell your Credit History and if you have no dings you might still get approved.

Re: Perfect credit-never missed a payment- one credit card@30% utilization-and a low credit score.

Anonymous — Mon, 11 Aug 2014 03:19:22 GMT

@Closingracer99 wrote:
Do you know your EX score or EQ? For Example Amex Pulls EX so if your EX is higher you might had a good chance getting one of those cards. Citi pulled EQ for me so a higher EQ score could be good if you can find out which cards pull which. Barclays pull TU. Credit score alone doesn't tell your Credit History and if you have no dings you might still get approved.

No. I don't. I will pay for my Experian and Equifax scores tomorrow and get copies of my credit report. It is a shame that they have decided i am a poor credit risk.

Total crap.

Re: Perfect credit-never missed a payment- one credit card@30% utilization-and a low credit score.

Closingracer99 — Mon, 11 Aug 2014 04:11:22 GMT

@Anonymous wrote:
@Closingracer99 wrote:
Do you know your EX score or EQ? For Example Amex Pulls EX so if your EX is higher you might had a good chance getting one of those cards. Citi pulled EQ for me so a higher EQ score could be good if you can find out which cards pull which. Barclays pull TU. Credit score alone doesn't tell your Credit History and if you have no dings you might still get approved.
No. I don't. I will pay for my Experian and Equifax scores tomorrow and get copies of my credit report. It is a shame that they have decided i am a poor credit risk.
Total crap.

Maybe there is wrong information on your reports like a Baddie that isn't yours. I have heard stories where for example 2 people say both Named John Smith living in Bronx NY with the same Zip code. John number 1 has 4 credit cards a Car loan and pays them all on time. John 2 has 5 Credit cards and a Car loan but forgot to pay the Car loan for 1 month 60 days past due. Even though John 1 paid all his bills on time John's 2 reported missing payment could of put on John's 1 credit report

Re: Perfect credit-never missed a payment- one credit card@30% utilization-and a low credit score.

Anonymous — Mon, 11 Aug 2014 17:49:34 GMT

That may be. Finding out today. Thanks for your response!

Re: Perfect credit-never missed a payment- one credit card@30% utilization-and a low credit score.

Anonymous — Mon, 11 Aug 2014 22:01:23 GMT

Maybe your identity was stolen.

Re: Perfect credit-never missed a payment- one credit card@30% utilization-and a low credit score.

lhcole77 — Tue, 12 Aug 2014 04:43:56 GMT

Curious to hear what you found out

Re: Please tell me why my credit score is 680?

Anonymous — Tue, 12 Aug 2014 10:03:48 GMT

@Anonymous wrote:
I have a stellar credit history- three paid off mortages-15 various credit accounts paid in full over 35 years-six car loans- and a fico score from trans-union@680?
i currently have only one credit card with a 30% utilization rate on a $22000 limits

My credit score was 801 in 2005. Two years ago it was 740. Now 680 which makes my credit "fair". I have never missed a payment in 35 years. NO dings whatsover on my credit. NONE. And now i am faced with issues if i try to rent a place or buy a car on credit.

Can anyone tell me what I have to do to improve my score?

Please HELP~

Where did you get your score from? My credit karma TU is much lower than my actual FICO from here/Walmart

Re: Please tell me why my credit score is 680?

Anonymous — Tue, 12 Aug 2014 20:56:50 GMT

TU was the only reporting agency on creditkarma.com. They said that the other two agencies would not release my files. I actually reached a live person at experian yesterday and they are sending me the credit report. MY TU score was docked because i don't have enough active credit lines. This affects me greatly right now.

Sucks.

Re: Please tell me why my credit score is 680?

CreditDunce — Tue, 12 Aug 2014 21:47:17 GMT

@Anonymous wrote:
TU was the only reporting agency on creditkarma.com. They said that the other two agencies would not release my files. I actually reached a live person at experian yesterday and they are sending me the credit report. MY TU score was docked because i don't have enough active credit lines. This affects me greatly right now.
Sucks.

Ignore the CK score. It only counts open accounts. It is not a FICO score. Check the stickies on how to get your real credit score. It may be much better than 680.

Also, CK only uses TU. They don't try to look at EX or EQ. For that join Quizzle or CreditSeasame.

Re: Please tell me why my credit score is 680?

Anonymous — Wed, 13 Aug 2014 01:59:43 GMT

from creditkarma.com

Re: Please tell me why my credit score is 680?

bdhu2001 — Mon, 18 Aug 2014 22:09:15 GMT

@Anonymous wrote:
from creditkarma.com

CreditKarma show my TU score as 723. My FICO 08 score is 792. When you apply for those two other cards, make one a Discover card so that you can get your true TU FICO score for free.

Re: Please tell me why my credit score is 680?

Anonymous — Mon, 18 Aug 2014 23:24:44 GMT

will i get a discover with a 680 credit score which is total bs?

Re: Please tell me why my credit score is 680?

fused — Mon, 18 Aug 2014 23:39:51 GMT

@Anonymous wrote:
will i get a discover with a 680 credit score which is total bs?

It's going to be tough to help you unless we know what your FICO scores are. This site sells FICO 08 scores and a lot of CCC's pull those scores.

Re: Please tell me why my credit score is 680?

bdhu2001 — Tue, 19 Aug 2014 00:24:37 GMT

@Anonymous wrote:
will i get a discover with a 680 credit score which is total bs?

You did notice that my score was 60 pts higher than CreditKarma showed. I'm sure your score is higher also. You can buy your score here or simply apply for the DiscoverIT card or one of the other Discover cards. There are advertisements for the Discover card on this site & on CreditKarma. It's one of the cards shown at the top of this posts. Click show all cards or show cash back cards and apply (if you don't want to pay for your score).

Pesonally, I'd just apply for the card. It looks like you haven't applied for credit in a while and I don't think one hard pull will hurt you that much.

Re: Please tell me why my credit score is 680?

Revelate — Tue, 19 Aug 2014 03:20:24 GMT

@bdhu2001 wrote:
@Anonymous wrote:
will i get a discover with a 680 credit score which is total bs?
You did notice that my score was 60 pts higher than CreditKarma showed. I'm sure your score is higher also. You can buy your score here or simply apply for the DiscoverIT card or one of the other Discover cards. There are advertisements for the Discover card on this site & on CreditKarma. It's one of the cards shown at the top of this posts. Click show all cards or show cash back cards and apply (if you don't want to pay for your score).

Pesonally, I'd just apply for the card. It looks like you haven't applied for credit in a while and I don't think one hard pull will hurt you that much.

Can't state that unfortunately as accurate though I didn't read the OP's history: we've had people with higher CK scores, and lower ones, than their FICO as pulled here.

I wouldn't read anything into the TU New Accounts Score which CK peddles unfortunately, it simply is bad information. That said, Discover underwriting is pretty low so if you were analyzing what the OP suggested was in his file, OK, and I do agree that an inquiry isn't a big deal, but something like the Sallie Mae from Barclays might be a much better fit for the use of that inquiry still with a provided TU FICO 8 score.

Re: Please tell me why my credit score is 680?

Anonymous — Tue, 19 Aug 2014 03:38:40 GMT

I talked with experian today and they did not have my 30 years wells fargo cc reporting. it showed a dispute which i told the guy i never placed so he made sure that it will show up as of tomorrow morning. There were 9 reporting accounts even though they all were closed. He said that after ten years they don't show past accounts. That literally wiped 20 additonal perfect pays dating back three plus decades. He also noted my credit is perfect and is sending my my experian score in the mail for free.

I was going to pay credit karma 30 bucks for two scores. He also said he had no idea why my credit score would not be released from them to credit karma. So, i am going to get TU from TU and Exquifax also to see what it looks like there. As you say, Credit Karma looks to be way off. I will see what i can find out and apply for a few more cards. I have paid my wells down to 22% usage tonight.

Thanks much!

Re: Please tell me why my credit score is 680?

Revelate — Tue, 19 Aug 2014 04:25:13 GMT

@Anonymous wrote:
I talked with experian today and they did not have my 30 years wells fargo cc reporting. it showed a dispute which i told the guy i never placed so he made sure that it will show up as of tomorrow morning. There were 9 reporting accounts even though they all were closed. He said that after ten years they don't show past accounts. That literally wiped 20 additonal perfect pays dating back three plus decades. He also noted my credit is perfect and is sending my my experian score in the mail for free.
I was going to pay credit karma 30 bucks for two scores. He also said he had no idea why my credit score would not be released from them to credit karma. So, i am going to get TU from TU and Exquifax also to see what it looks like there. As you say, Credit Karma looks to be way off. I will see what i can find out and apply for a few more cards. I have paid my wells down to 22% usage tonight.

Thanks much!

The only one of the three which will sell you a real FICO score is Equifax with their Score Power product.

EX and TU both only provide educational scores, and those have the same problems as CK.