topic Re: question... in General Credit Topics

question...

Anonymous — Sat, 12 Jul 2008 06:16:13 GMT

my wife and i are wanting to apply fha next week. i paid down 2 cc to 59% uti and 39% uti. i've contacted both cc companies and they said they have reported the new info to the cra's. just pulled a couple of scores to see if it has been updated...nope!!! just wasted $$...so frustrating...what's the deal? how long does it normally take for the cra's to update their records?...i don't want to apply next week if that's the case......any insight would be appreciated.

Re: question...

Anonymous — Sat, 12 Jul 2008 06:54:12 GMT

kellikis wrote:

my wife and i are wanting to apply fha next week. i paid down 2 cc to 59% uti and 39% uti. i've contacted both cc companies and they said they have reported the new info to the cra's. just pulled a couple of scores to see if it has been updated...nope!!! just wasted $$...so frustrating...what's the deal? how long does it normally take for the cra's to update their records?...i don't want to apply next week if that's the case......any insight would be appreciated.

CRA take anywhere from a day to a month(or sometimes even longer) to update.

They may not all update at one time.

What I'd suggest is signing up for some type of credit monitoring services where you can view your reports daily for one monthly fee. The scores that come with them are FAKO scores so don't pay attention to them.

TrueCredit is a heavily used. I really like it. $14.95 per month and daily pulls are allowed.

Message Edited by sidewinder on 07-11-2008 11:54 PM

Re: question...

marty56 — Sat, 12 Jul 2008 11:59:00 GMT

What is your total %util and how many open CCs do you have.

Re: question...

smallfry — Sat, 12 Jul 2008 12:15:54 GMT

TC does not encourage daily pulls. If you want to monitor your credit reports closely you are better off going with Chaseidprotection. $11.99 monthly. Ugly reports but you won't get the email accusing you of trying to manipulate the credit scoring system because you used their product in the manner it was advertised.

Re: question...

haulingthescoreup — Sat, 12 Jul 2008 14:17:22 GMT

FWIW, I've never gotten static from TC, and I'll bet I've averaged 5+ pulls a week since last September or October.

You should see all the TC softs listed on my EX report, LOL. It's mortifying.

The one thing is that you can only pull every 24 hours + 1 minute, so sometimes you have to keep hitting the update button if you've spaced on what time you pulled the day before.

If for no other reason, I like TC because it displays the report date as mm/dd/yyyy on TU and EX.

Re: question...

Anonymous — Sat, 12 Jul 2008 14:23:25 GMT

haulingthescoreup wrote:
FWIW, I've never gotten static from TC, and I'll bet I've averaged 5+ pulls a week since last September or October.

Since March, I have pulled nearly everyday and no beef from TC. There is the occasional missed day and I once went a week without pulling.

Re: question...

smallfry — Sat, 12 Jul 2008 14:53:04 GMT

Pulled from May 2007 through October 2007. Got banned and received the "letter" accusing me of trying to manipulate the credit scoring system. Like everything else they do TU uses the scattershot approach. Absolutely third rate in every way. That's why every credit issuer is backing off them. Where I live the only mid tier creditor who uses them is Barclays/Juniper. Cap One and Amex will pull them along with EQ and Ex just to bust chops.

Re: question...

Anonymous — Sat, 12 Jul 2008 15:33:23 GMT

smallfry wrote:
Pulled from May 2007 through October 2007. Got banned and received the "letter" accusing me of trying to manipulate the credit scoring system. Like everything else they do TU uses the scattershot approach. Absolutely third rate in every way. That's why every credit issuer is backing off them. Where I live the only mid tier creditor who uses them is Barclays/Juniper. Cap One and Amex will pull them along with EQ and Ex just to bust chops.

I heard from a friend who is a loan officer at a CFL place that they and other creditors in this area is switching from EQ to TU.

They haven't done so yet, but did receive orders to do so from the main office.

Re: question...

haulingthescoreup — Sat, 12 Jul 2008 19:14:23 GMT

@smallfry wrote:
Pulled from May 2007 through October 2007. Got banned and received the "letter" accusing me of trying to manipulate the credit scoring system. Like everything else they do TU uses the scattershot approach. Absolutely third rate in every way. That's why every credit issuer is backing off them. Where I live the only mid tier creditor who uses them is Barclays/Juniper. Cap One and Amex will pull them along with EQ and Ex just to bust chops.

I remember now that I joined up about the same time as everyone else was getting banned. My hands actually shook every time I hit update.

After a while, when nothing had happened, I just shrugged and went on.

@Anonymous wrote:
:
I heard from a friend who is a loan officer at a CFL place that they and other creditors in this area is switching from EQ to TU.

They haven't done so yet, but did receive orders to do so from the main office.

Wow! I knew via ByrdMan that they had a grip on the Upper Midwest; maybe they're trying to creep back out.

I figured that their famous software instability drove creditors off to EX (mostly) and EQ (some.) Maybe now that they seem to have fixed the problems they're offering deep discounts to bring customers back.

Re: question...

Anonymous — Sat, 12 Jul 2008 21:51:28 GMT

What are your FICO scores now? Remember that your D/R comes into play for a mortgage. Do you have any other CCs? What is your total UTIL?

The less that you owe anyone helps you (for a mortgage). Best score is when you have under total UTIL of 10%.

I have TU and prob. around the time that hauling got it. There were a lot of people getting dumped. I pulled every day for months......now I pay by the month.......I had to call them 1 time & listen to a long speach......she didn't speak english well but she was telling me that was pulling for no reason.....she said that most creditors only report 1 time a month & that would be on the 1st or the 15th........I didn't get banned.

Now DS paid for the full year & pulls every day (for 1 year) never got banned or asked to call.

Re: question...

haulingthescoreup — Sun, 13 Jul 2008 00:26:01 GMT

@Anonymous wrote:

......she didn't speak english well but she was telling me that was pulling for no reason.....she said that most creditors only report 1 time a month & that would be on the 1st or the 15th........I didn't get banned.

Now DS paid for the full year & pulls every day (for 1 year) never got banned or asked to call.

Seriously? She said that they usually update around the first or fifteenth?

I don't know what's more disturbing, that she was completely ignorant of her own product, or that she was lying like a rug.

I'm signed up for a year, I guess, or indefinitely (?) but I pay every month.