I need some answers please

[Anonymous]

I have a couple of questions. I have checked my credit report and I have three loans on there that have paid off but do not show closed. They show current but were payed off in 1999 and 2001. Are these hurting my credit score. They are good accounts not late or anything. I was wondering if it was better to just leave them since they are good or have them removed because they are payed off and don't show that they are closed. Next I was just wondering if the score I got from Truecredit is a real of fako score. I am fixing to go to the bank and try to get a loan to put the top on my basement. I want to have the best score available. Thanks

[Junejer]

Hello buildinghouse, and welcome to the forums. Please read Credit Scoring 101, if you haven't already.

Let me work backwards on your questions. The scores at Truecredit and other CMS are FAKO scores. The only place that you can get your real FICO scores are here at myfico.com for EQ and TU, Equifax.com for EQ only, and transunioncs.com for TU only. There are some CUs that are starting to give complimentary FICO scores. You can no longer buy your EX FICO anywhere. A lender would have to share it with you.

Know this: closed TLs may remain on your reports for up to 10 years from closed date. Open accounts just remain indefinitely, helping your AAoA. Credit history is 15% of your FICO score.

[cobaltnv]

The old loans are almost certainly helping your credit score. Do not touch them. If you try to get them "corrected' they will likely be removed.

[Anonymous]

Thank you for replying to my question so quickly. I thougth that about truecredit. Where I am getting my loan for the house uses TU. I searched for TU but all I kept getting was truecredit.com. I will have to try the other options.  Any more good advice on getting a good loan for construction.

[Junejer]

Make sure you google myfico discount codes before purchasing your scores here. You can save up to 20-25% with the proper codes.