@thornback wrote:
@Anonymous wrote:
Thanks for you quick response.
1. TRANS: 597, EQ: 702, EXP: 748. According to myequifax.com and experian app. TransUnion was given by Credit Karma.
2. 4 accounts in total. A paid off student loan, a paid off car loan, ATT Accound which was paid off, and an open PayPal cashback mastercard (but they dont report to credit bureaus)
3. It has not been updated as to my understanding, I tried to call several times to TransUnion but nobody every picked up, and EQ told me to do it via their website, which I did.
You really need to get your 3 FICO scores.
The Experian score you have is your Experian FICO 8 score -- so that's good (good score too).
The Equifax score you have from the myEquifax service is not a FICO score -- it is a score based on the Equifax scoring model that absolutely no lender uses to make credit decisions.
The Transunion score from Credit Karma is your Vantage 3 score - which is a scoring model also not used widely by lenders.
The overwhelming majority of lenders use FICO to make credit decisions -- you need to know where you stand, scorewise, for all 3 bureaus.
You can use your current Experian membership and sign up for the free CreditWorks Premium 7-daytrial -- that will give you all 3 FICO scores (and reports). You can then cancel before the trial ends if you do not want the monthly CreditWorks Premium service ($24.99). https://www.experian.com/consumer-products/compare-credit-report-and-score-products.html
As for the collection -- you can also file a dispute online with Transunion so they can update the collection to reflect its paid status. You will be able to upload any documents you have as proof - no need to speak to them on the phone.
You have a solid loan history so that's good. The fact that you have no active, open accounts and no history of revolving credit card accounts is a hinderance. Do you have a primary banking institution (if so, who)? Sometimes, when trying to establish credit, doing so via an institution with whom you already have an established relationship is a bit easier.
Can you get your other FICO scores and report back please? I'm trying to figure out why Disco declined you for their secured card.
@thornback wrote:
@Anonymous wrote:
Thanks for you quick response.
1. TRANS: 597, EQ: 702, EXP: 748. According to myequifax.com and experian app. TransUnion was given by Credit Karma.
2. 4 accounts in total. A paid off student loan, a paid off car loan, ATT Accound which was paid off, and an open PayPal cashback mastercard (but they dont report to credit bureaus)
3. It has not been updated as to my understanding, I tried to call several times to TransUnion but nobody every picked up, and EQ told me to do it via their website, which I did.
You really need to get your 3 FICO scores.
The Experian score you have is your Experian FICO 8 score -- so that's good (good score too).
The Equifax score you have from the myEquifax service is not a FICO score -- it is a score based on the Equifax scoring model that absolutely no lender uses to make credit decisions.
The Transunion score from Credit Karma is your Vantage 3 score - which is a scoring model also not used widely by lenders.
The overwhelming majority of lenders use FICO to make credit decisions -- you need to know where you stand, scorewise, for all 3 bureaus.
You can use your current Experian membership and sign up for the free CreditWorks Premium 7-daytrial -- that will give you all 3 FICO scores (and reports). You can then cancel before the trial ends if you do not want the monthly CreditWorks Premium service ($24.99). https://www.experian.com/consumer-products/compare-credit-report-and-score-products.html
As for the collection -- you can also file a dispute online with Transunion so they can update the collection to reflect its paid status. You will be able to upload any documents you have as proof - no need to speak to them on the phone.
You have a solid loan history so that's good. The fact that you have no active, open accounts and no history of revolving credit card accounts is a hinderance. Do you have a primary banking institution (if so, who)? Sometimes, when trying to establish credit, doing so via an institution with whom you already have an established relationship is a bit easier.
Can you get your other FICO scores and report back please? I'm trying to figure out why Disco declined you for their secured card.
I just did and it says "sorry we cant show you today's 3 credit bureaus report. This might mean that EQ has no record of your credit history, or different personal details for you on file. Until this issue is resolved, you wont be able to see your report."
