Greetings My Fico Friends..
My EX score is considerably lower than the other two and I now know why...
I used to use Affirm since it was a hidden trade line.. I used it for large purchases such as designer shoes and handbags.
Don't say it- after this issue, I've now lost all desire to use these items and will be selling them on eBay! /eye-roll
When I used Affirm, they did not report and advertised as such..
WELLLLL
They announced they would begin reporting, ok fine, I had one open loan no biggie. Fast forward: They reported the other 6- I paid as agreed and always paid them off 4-6 months early & that's listed on the CB.
BUT- the financing is listed as "consumer loan" or something like that and those are BAD for Fico scoring.
Now I have 7 of these listed and it's keeping my score down by like 30 points.
How long do these POSITIVE trade lines stay on my report? Ten years? UGH
Should I contact Affirm and contest since these were backdate reported?
Is my EX score just a lost cause?
Thanks for reading...
