Please help me with my credit score

Anonymous · ‎08-19-2008

Hi,

I'm on the process of buying a house and on July 23 one of the lenders pulled out my credit report. I got 676 with XPN, 624 with EFX and 646 with TUC

. I disputed some of the accounts those weren't mine. One of them was a negative account. I also paid off some of the credit amount. I just tried one of the Fico product, score watch, and it showed that I got 731 with EFX. So did my score really boost up? or it's just that lenders use different system than Fico? should I ask my lender to pull another report?

I wish I would know this forum before cuz there's so many info in here that's sure gonna help me boost up my score, but I hope it's not too late now.

Anonymous · ‎08-19-2008

Yes if it came from Scorewatch that is a true FICO score and the same your lender was using. Did you have success getting the accounts off your report? Do they still show on your score power report under accounts or are they listed and disputed. If they are still listed you should get them off before applying for a mortgage, as they will still factor on a manual review. You score can boost even if they are still on your report because disputed accounts are not counted in FICO scoring during the dispute period.

Anonymous · ‎08-19-2008

thanks for your quick response, debtisgood!

Yes, I did get those accounts remove. EQ sent me an update report that showed no negative account =). So should I ask my lender to pull the score again? If I get a higher score, it might help me lower the interest rate. But i'm kindda afraid that will lower my score, plus if they use diff system and my score is still they same then it's not worth it to pull it again. Anymore advices for me?

Thanks

Anonymous · ‎08-19-2008

Almost all lenders use FICO scores, you should ask if they do. If they say they use a Beacon score that is the same thing. If they do then I would definitely ask them to pull again. Or print out your scorewatch report, bring it to them and ask if they pull your score again and it is near this number if it would lower your rate.

Goodluck!

Anonymous · ‎08-19-2008

Nice work-

Yes the EQ and EX FICO version lenders use and the one here are the same- Tu may be different- 98 version here while 04 is in pretty widespead use by lenders.

Anonymous · ‎08-19-2008

Thanks so much!!! I feel better now

I'll contact them 2morrow to compare my scores.

Message Edited by typ0810 on 08-19-2008 08:42 PM