@bichonmom wrote:I got an email from Experian saying, "Use bills you already pay to raise your FICO® Scores*! Now with Experian Boost™, your credit scores can finally benefit from the bills you pay but haven't been getting credit for."
But their website says it only affects FICO 8: "*Credit score calculated based on FICO® Score 8 model. Your lender or insurer may use a different FICO® Score than FICO® Score 8, or another type of credit score altogether."
Wondering if anyone has done this and if it's worth it. Thanks!
This is just my opinion but NO. It only applies to Experian and most lenders pay no attention to it. ALL it is for EX is the opportunity to link to your bank account and see what you are spending money on and sell that information to third parties. It is totally NOT worth it and I have never done it. If you want better scores managing your debt is the best tactic. There are a myriad of ways to build scores and Boost is not one of them.
@bichonmom wrote:I got an email from Experian saying, "Use bills you already pay to raise your FICO® Scores*! Now with Experian Boost™, your credit scores can finally benefit from the bills you pay but haven't been getting credit for."
But their website says it only affects FICO 8: "*Credit score calculated based on FICO® Score 8 model. Your lender or insurer may use a different FICO® Score than FICO® Score 8, or another type of credit score altogether."
Wondering if anyone has done this and if it's worth it. Thanks!
1. I doubt seriously that it accomplishes much, if anything.
2. It seems like an incredible security risk to give a credit bureau access to your bank accounts.
@Cowboys4Life wrote:
@bichonmom wrote:I got an email from Experian saying, "Use bills you already pay to raise your FICO® Scores*! Now with Experian Boost™, your credit scores can finally benefit from the bills you pay but haven't been getting credit for."
But their website says it only affects FICO 8: "*Credit score calculated based on FICO® Score 8 model. Your lender or insurer may use a different FICO® Score than FICO® Score 8, or another type of credit score altogether."
Wondering if anyone has done this and if it's worth it. Thanks!This is just my opinion but NO. It only applies to Experian and most lenders pay no attention to it. ALL it is for EX is the opportunity to link to your bank account and see what you are spending money on and sell that information to third parties. It is totally NOT worth it and I have never done it. If you want better scores managing your debt is the best tactic. There are a myriad of ways to build scores and Boost is not one of them.
+100
Just a gimmick to mine data and provide self gratification of seeing an artificially inflated score that no lender uses.
