I AM NEW TO ALL OF THIS AND TO BE HONEST NOT SURE EVEN WHAT WEBSITE TO USE. I AM NEEDING TO BRING UP MY FICO SCORE OF 596 AND MY HUSBAND OF 538. DO I NEED TO US MYFICO.COM OR SCOREWATCH OT TRUECREDIT. HOW OFTEN SHOULD I CHECK MY SCORE AND WHICH ONE TELLS ME WHAT I NEED TO DO TO BRING MY SCORE UP. I WOULD REALLY APPRECIATE ANY ADVISE. YOU GUYS HAVE INSPIRED ME AND GIVEN ME HOPE. I AM WILLING TO DO WHAT IT TAKES TO RAISE OUR SCORES. I HAVE HAD NO LATE PAYMENTS FOR 1 YEEAR NOW AND DO HAVE A CURRENT MORTGAGE AND CAR LOAN. I HAVE 2 LITTLE CC WITH LIMITS OF $400.00 AND ONLY BEEN PAYING AROUND $20.00 A MONTH (IS THIS WHAT IS DRAGGING MY FICO SCORE DOWN?) ONE LARGER CC WITH LIMIT OF $5000.00 AND I OWE 4700.00 i HAVE STUDENT LOANS THAT I HAVEN'T STARTED PAYING ON BUT WILL IN DECEMBER (ALSO THEY WHERE ON MY CREDIT REORT IN DUPICATE-SURE THIS DIDN'T HELP). THANKS SO MUCH AGAIN FOR THE HOPE
Hey, I am also new but I would advise pulling all 3 scores with myfico to see where you really stand. This is what I did. They will tell you what is positive and negative on each credit report and what you can do to improve your scores. Good luck.
DO I NEED TO US MYFICO.COM OR SCOREWATCH OT TRUECREDIT.
Use myFICO to get your actual, true FICO scores. You can use SW if you choose to alert you to any changes to your EQ score. I use TrueCredit to monitor my reports as I am repairing. TrueCredit allows daily pulls for one monthly price. I prefer the format of TrueCredit much more than any of the other monitoring services I've seen. If you haven't gotten your free reports in the last 12 months, pull those from www.annualcreditreport.com
HOW OFTEN SHOULD I CHECK MY SCORE AND WHICH ONE TELLS ME WHAT I NEED TO DO TO BRING MY SCORE UP.
How often you check your score is up to you. If you are just trying to reach a certain magic number, you might need to check it more often than another. What is important is checking what is on your reports.
They will all tell you what is "negatively affecting your accounts". To be honest though, I'd get a cop of your reports and list out your bad accounts here and let others respond and advise you.
I HAVE 2 LITTLE CC WITH LIMITS OF $400.00 AND ONLY BEEN PAYING AROUND $20.00 A MONTH (IS THIS WHAT IS DRAGGING MY FICO SCORE DOWN?) ONE LARGER CC WITH LIMIT OF $5000.00 AND I OWE 4700.00
You want your util to be below 9% and only a balance reported on no more than half your cards. Total balances divided by total CL = util.
