How to generate an EFX score

[Anonymous]

So My equifax file has no score available. I know if I open a new account on EFX it will generate a score immediately because I have an auto loan that I had for 9 months on there paid iin full about 2 1/2 years ago, and I have two Crdit union loans each for about 2500 paid in full. One from 2003 and one from 2005. But I know since I have no done anything in some time, that is why I have no score. Who runs equifax only that will give me something I can open up to report to EFX and properly generate a good score for me?

THANKS!

[llecs]

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autoloangenius1900 wrote:
So My equifax file has no score available. I know if I open a new account on EFX it will generate a score immediately because I have an auto loan that I had for 9 months on there paid iin full about 2 1/2 years ago, and I have two Crdit union loans each for about 2500 paid in full. One from 2003 and one from 2005. But I know since I have no done anything in some time, that is why I have no score. Who runs equifax only that will give me something I can open up to report to EFX and properly generate a good score for me?

THANKS!

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Are those accounts reporting on EQ? Have you tried to pull from EQ directly or via annualcreditreport.com?

[Anonymous]

This is pulled direct from Equifax site. And yes they are reporting on Eq. But they were all paid and closed more than 2 years ago.

[llecs]

http://www.myfico.com/CreditEducation/questions/requirement-for-fico-score.aspx

It appears that you need at least one open TL.

[Anonymous]

who reports to equifax is what needs to be known. i am in a similar boat where nothing reports to them..

do i need to call my credit union and banks who i have accounts with and ask them to report to equifax or what? if they won't do it who can i open a new account with who actually sends TL info to equifax??

[llecs]

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sleekblackroadster wrote:

who reports to equifax is what needs to be known. i am in a similar boat where nothing reports to them..

do i need to call my credit union and banks who i have accounts with and ask them to report to equifax or what? if they won't do it who can i open a new account with who actually sends TL info to equifax??

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In your case, if EX or TU has TLs that normally would report to EQ, then call the creditor and ask why they aren't reporting. If you have none, then app for a new CC using TU (your strongest). Just about every CC reports to all three.

[Anonymous]

There are no accounts on TU OR EX, so I cannot use those. I am trying to get a loan through a FCU that I know only pulls Equifax, and since I know if I have one account open up on EQ, the score will automatically be generated and be decent due to the accounts that are still on EQ. So what do I do?

I could go to a different CU and open a secured loan for 2-3k, and pay it off in a month or two. That may do the job?

[llecs]

IMO, you wouldn't want to app for a CC or loan that would pull EQ. Why? You have no score and therefore less of a history. Find something that pulls TU like Target or Juniper. Scores not the best for that but 600 is a start. Or try any secured CC from somewhere. Even $300 will help you in a big way. Once that new TL reports, it will report on all 3.

And a lack of a revolving CC is hurting your scores. Adding one will give a significant boost. IMO, add 2 revolving and one store charge. And stagger them out. Let the first report, then add the second. Let that report, then add the next. And so on.

I noticed you have two different user names. If you need help at all, send me a PM.