@Anonymous wrote:
Hi guys. As some of you know I have been having trouble with lenders trying to pull my CR an scores. Including MyFICO. Well thanks to many of you I assume this is because my file is very thin. Now I'm not sure as if I am indeed "new" to credit as I removed almost all of my negative accounts. I haven't used my credit in over 7 years. I have never had any CC before until now. As some of you may know, during my renewed credit journey, I was able to obtain 3 secured credit cards. BOA, Cap 1 an Discover IT. I was also able to obtain 2 installment loans. 1 auto loan an 1 shared secure loan. Up until now discover has been giving me a monthly fico scores. As of last month 11/6/2014 Discover says my TU fico is 671. Oddly enough, I don't know what to think. Yesterday morning I decided to see if credit sesame displayed a updated fico. Too my surprise, it's said my score drop over 625 points to Zero. I did go back and look at my CR an my 1st CC an Installment loan was 1st reported in August. Now reading some post from other I can see that I am one month from being active on credit for 6 months. Could this be the reason for my credit fako score is now showing *0*? Is this because as of 1/1/2015 my 6th month on credit will generate a actual fico score? I have also read others try to pin point where they may stand in terms of fico. Some have stated they have seen people around 680 +/-. Now in my situation, being that technically I'm not "new" to credit. I still have 1 collection account that was 1st reported on 10/2011 to Experian an Transunion. An 1 judgment that was 1st reported on 10/2009 to Equifax only. Will I still possibly be around 680+/- when fico decides to calculate a fico for me next month? Also is it a possibility that my Discover IT fico will change as well? I have managed to keep my utilization to only 1% since day one. Any advice that can be offered is much appreciated. Many thanks guys.
Mark
My understanding from other posters is Credit Sesame is a FAKO first last and forever, so there's something boloxed in their formula. You don't have a zero in FICO (or FAKO) because that isn't the low end of the scale.
Discover should update your FICO score with your next statement, soon, and that is a real FICO score. I get that with my monthly Discover statement. CapOne also.
Have you tried the credit score, credit report, and monitoring here? It costs money, but IMO it's worth it not to spend hours searching through bogus websites hoping to find a number you like. Since you are building your score, $20 per month will get you accurate updates of what is being added / changed on your credit reports if you use the 3 Bureau monitoring.
And to reiterate, you should have a FICO score, likely still in that 670 range.
And congratulations on improving your score!
Ok, well I must be wrong then, the "6-months of any history" could be a requirement.
It still seems like you have to have SOME level of credit history, even if it does not lead to a FICO score calculation. Building to the 6-month mark, that is recording payment history right now. Seems like that should be available for you from the bureaus.
