topic Re: How To Raise Experian Score in Rebuilding Your Credit

How To Raise Experian Score

MsAutumn — Fri, 11 Aug 2023 11:59:55 GMT

How can I raise my Experian credit score? All of my other scores are about 70 points higher. I do have collections that are set to fall off in 2026. I pay everything else as soon as I use the card or account.

Re: How To Raise Experian Score

JoeRockhead — Fri, 11 Aug 2023 12:15:52 GMT

That seems to be a pretty significant difference in scores, if they're all FICO 8 scores. It would indicate there is something different being reported in comparison to EQ and TU. Are the collections being reported only on EX?

Re: How To Raise Experian Score

Horseshoez — Fri, 11 Aug 2023 12:17:15 GMT

@MsAutumn wrote:
How can I raise my Experian credit score? All of my other scores are about 70 points higher. I do have collections that are set to fall off in 2026. I pay everything else as soon as I use the card or account.

Do your statements always reflect a zero balance?

Re: How To Raise Experian Score

MsAutumn — Fri, 11 Aug 2023 12:24:27 GMT

@JoeRockhead wrote:
That seems to be a pretty significant difference in scores, if they're all FICO 8 scores. It would indicate there is something different being reported in comparison to EQ and TU. Are the collections being reported only on EX?

The Experian score is the only Fico 8 score the rest are regular scores. The collections appear on all 3 reports.

Re: How To Raise Experian Score

MsAutumn — Fri, 11 Aug 2023 12:23:50 GMT

@Horseshoez wrote:
@MsAutumn wrote:
How can I raise my Experian credit score? All of my other scores are about 70 points higher. I do have collections that are set to fall off in 2026. I pay everything else as soon as I use the card or account.
Do your statements always reflect a zero balance?

Yes, I pay everything as I use it

Re: How To Raise Experian Score

Horseshoez — Fri, 11 Aug 2023 12:29:34 GMT

@MsAutumn wrote:
@Horseshoez wrote:
@MsAutumn wrote:
How can I raise my Experian credit score? All of my other scores are about 70 points higher. I do have collections that are set to fall off in 2026. I pay everything else as soon as I use the card or account.
Do your statements always reflect a zero balance?
Yes, I pay everything as I use it

Then you arer getting hit with what is known as an "All-Zero" (AZ) penalty; if you want your scores higher, always let one card report a trivial balance of say $20.

Re: How To Raise Experian Score

Horseshoez — Fri, 11 Aug 2023 12:30:38 GMT

@MsAutumn wrote:
@JoeRockhead wrote:
That seems to be a pretty significant difference in scores, if they're all FICO 8 scores. It would indicate there is something different being reported in comparison to EQ and TU. Are the collections being reported only on EX?

The Experian score is the only Fico 8 score the rest are regular scores. The collections appear on all 3 reports.

Then the other scores are irrelevant; the odds of your other FICO 8 scores being similar to your Experian score are extremely high.

Re: How To Raise Experian Score

MsAutumn — Fri, 11 Aug 2023 12:56:23 GMT

@Horseshoez wrote:
@MsAutumn wrote:
@Horseshoez wrote:
@MsAutumn wrote:
How can I raise my Experian credit score? All of my other scores are about 70 points higher. I do have collections that are set to fall off in 2026. I pay everything else as soon as I use the card or account.
Do your statements always reflect a zero balance?
Yes, I pay everything as I use it
Then you arer getting hit with what is known as an "All-Zero" (AZ) penalty; if you want your scores higher, always let one card report a trivial balance of say $20.

Oh ok ✅

Re: How To Raise Experian Score

MsAutumn — Fri, 11 Aug 2023 12:57:04 GMT

@Horseshoez wrote:
@MsAutumn wrote:
@JoeRockhead wrote:
That seems to be a pretty significant difference in scores, if they're all FICO 8 scores. It would indicate there is something different being reported in comparison to EQ and TU. Are the collections being reported only on EX?

The Experian score is the only Fico 8 score the rest are regular scores. The collections appear on all 3 reports.
Then the other scores are irrelevant; the odds of your other FICO 8 scores being similar to your Experian score are extremely high.

How do I raise it?

Re: How To Raise Experian Score

GApeachy — Fri, 11 Aug 2023 12:58:29 GMT

@MsAutumn wrote:
How can I raise my Experian credit score?

To answer your question: If you can't pay for delete then....Wait it out until Fall 2026. Until your collections are gone all you can do is NOT get anymore derogs and concentrate on positive credit behavior. Those two things will earn you a few pts. here and there SLOWLY but really the big thing is when that very last collection (last derog/negative item as well) is gone from your credit reports, your scores are gonna jump into the "Good-Excellent" category.

Have you tried to pfd? (pay for delete)

Re: How To Raise Experian Score

rmduhon — Fri, 18 Aug 2023 04:46:15 GMT

What do you mean by regular scores?

Re: How To Raise Experian Score

MsAutumn — Fri, 18 Aug 2023 11:35:21 GMT

@GApeachy wrote:
@MsAutumn wrote:
How can I raise my Experian credit score?
To answer your question: If you can't pay for delete then....Wait it out until Fall 2026. Until your collections are gone all you can do is NOT get anymore derogs and concentrate on positive credit behavior. Those two things will earn you a few pts. here and there SLOWLY but really the big thing is when that very last collection (last derog/negative item as well) is gone from your credit reports, your scores are gonna jump into the "Good-Excellent" category.

Have you tried to pfd? (pay for delete)

Ok and no I haven't tried to pay for delete

Re: How To Raise Experian Score

MsAutumn — Fri, 18 Aug 2023 11:36:55 GMT

@rmduhon wrote:
What do you mean by regular scores?

Not my Fico scores just the ones that are updated daily on sites like Credit Karma

Re: How To Raise Experian Score

Horseshoez — Fri, 18 Aug 2023 12:03:39 GMT

@MsAutumn wrote:
@rmduhon wrote:
What do you mean by regular scores?
Not my Fico scores just the ones that are updated daily on sites like Credit Karma

Just to reiterate the points made above, there are two types of scores:

FICO (like the Experian FICO 8 you're getting); there are something like 34 different FICO scores
Vantage (aka. FAKO); these are the scores you get from the likes of CreditKarma (Et Al) and are largely irrelevant and should be ignored

Re: How To Raise Experian Score

MeredithLepore — Mon, 21 Aug 2023 07:10:27 GMT

Instead of paying off every charge as soon as you accrue it, wait for the statement to close before paying off your card. This will ensure that you are reporting a balance and actually using some of your available credit. Other than that, have patience! As your credit age and positive payment history increase, so will your score.