topic Re: Credit Score Increase in Rebuilding Your Credit

Credit Score Increase

Anonymous — Thu, 04 Oct 2012 11:38:58 GMT

I love seeing a score increase first thing in the morning. Recieved an alert from freecreditreport.com this morning. Logged in to check and the $297 that I paid to First Premier through a Collections Agency on Sept 21st has been updated. The account is no longer showing as a baddie on my report and is actually showing up with a big check mark next to it. My score went from a 632 to a 674 on EX. Now I'm just hoping that it does the same thing on TU and EQ. All I am waiting on now is for my other baddie that I paid for to update as paid even though it is set to fall off in December of this year. I have read many times that paying a old debt/charge off/collection does not increase your score. I did not GW First Premier either which has me curious as to why it's not still showing up with the dreaded X next to it. Don't get me wrong, I'm not complaining at all, just curious.

Re: Credit Score Increase

scmami — Thu, 04 Oct 2012 13:17:08 GMT

Similar thing happened to me lately! In the last month I've had the following unexplained things happen: 2 lates fell off auto loan from 4 years ago, a CA deleted the account after I paid, and a CO mysteriously dissapeared! I chalk it up to blessings!Congrats on the increase, although you did say EX on freecreditreport.com...FAKO right? I hope your FICO is the same!

Re: Credit Score Increase

Anonymous — Thu, 04 Oct 2012 13:23:11 GMT

Yes, it was from freecreditreport for my EX. Do you know if they usually differ much between the FICO? Does FICO pull from the 3 CRA's? I'm still learning the ropes on all of this to be honest. I started repairing my credit a little over a month ago. When I checked my reports then I was at EX 632 EQ 632 and TU 602.

Re: Credit Score Increase

novabama — Thu, 04 Oct 2012 13:33:12 GMT

Unfortunately it is a FAKO. You can't get an Experian FICO except from an actual lender pull or a couple select credit unions. But congrats! That's always nice to see an increase, no matter where!

Re: Credit Score Increase

scmami — Thu, 04 Oct 2012 13:35:42 GMT

Yes, the numbers can differ A LOT! For instance, currently my Equifax FICO (from this site) is 652. This is the same score a lender would pull. But my Equifax FAKO is 596. From USAA's monitoring service. Another example is Experian 639 (Lender pull-one of the only ways to get your EX FICO) Yet the EX FAKOS I have are 622 from CreditKarma and 602 from USAA. The numbers can go either way. I suggest using fcr.com to monitor your reports but ignore the scores. No lender uses them. Welcome to MyFico!