Rapid Rescore

[jologan79]

Hello All,

I am in need of a rapid rescore of my vantage score from Experian asap.

I'm being reconsidered for an SBA EIDL and I need them to repull my report. Before I allow them to do that, I need to make sure my scores are indeed update. I just paid off over $40k in revolving debt. I can't wait for them to update on there own.

My question is does anyone know of a good rapid rescore service?

[FireMedic1]

Call the creditors and ask for rescore. Not the CRA's. CRA's only report whats given to them. Nice pay down.

[jologan79]

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@FireMedic1 wrote:

Call the creditors and ask for rescore. Not the CRA's. CRA's only report whats given to them. Nice pay down.

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Thanks for the feedback. I've head of mortage companies doing rescores but I'm wondering if there's a service for it.

I really need someone with experience and that can get it done fast. It's an urgent matter that my vantage score goes up ASAP or I'll miss out on funding for my business. It just seems that doing it one by one with the creditors might be a crap shoot. Help me out if I have the wrong outlook on this.

[FireMedic1]

Borrowers do not pay rapid rescoring fees, your provider does. But Vantage?

[jologan79]

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@jologan79 wrote:

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@FireMedic1 wrote:

Call the creditors and ask for rescore. Not the CRA's. CRA's only report whats given to them. Nice pay down.

---

Thanks for the feedback. I've head of mortage companies doing rescores but I'm wondering if there's a service for it.

I really need someone with experience and that can get it done fast. It's an urgent matter that my vantage score goes up ASAP or I'll miss out on funding for my business. It just seems that doing it one by one with the creditors might be a crap shoot. Help me out if I have the wrong outlook on this.

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@jologan79 wrote:

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@FireMedic1 wrote:

Call the creditors and ask for rescore. Not the CRA's. CRA's only report whats given to them. Nice pay down.

---

Thanks for the feedback. I've head of mortage companies doing rescores but I'm wondering if there's a service for it.

I really need someone with experience and that can get it done fast. It's an urgent matter that my vantage score goes up ASAP or I'll miss out on funding for my business. It just seems that doing it one by one with the creditors might be a crap shoot. Help me out if I have the wrong outlook on this.

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Yes...Let me give you a little more information.

I am seeking an increase on my EIDL from the SBA. My research has found that they use the Vantage score vs the fico. My vantage and fico 2/3 are around the same. Very low. With that said, I know that if I paid down my balances then I would get a good boost because that's what's keeping my scores low. I've come into some cash in order to do that. So, I need to get the new balances reported before december 31. This is why I'm seeking a re-score. I dont have time to wait for a full months pay cycle. I have 8 accounts that need to be updated.

[pakratus]

Call each creditor and ask if they will report the new balance.  May be called a 'mid-cycle' update (not sure if that's a term they use).  Maybe they will, maybe they won't. 

[jologan79]

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@pakratus wrote:

Call each creditor and ask if they will report the new balance.  May be called a 'mid-cycle' update (not sure if that's a term they use).  Maybe they will, maybe they won't. 

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So Navy Federal said they can't update but they provided me with a letter/form with the new balance. How can I get it to the bureaus without doing a dispute?

[pakratus]

I don't know that you can force an update if the bank is not willing to do it.  

Submit the letter with your loan application.  It will be up to the loan underwriters if they accept that in lieu of your credit reports.