Improving your Credit and Credit Score
- Thread starter DoingDamage
- Start date
Just asking because location can affect which credit bureau info is pulled. Equifax is the dominant bureau in the East; Transunion is the dominant bureau in the Midwest, and Experian dominates in the West. This is far from being set in stone, however. But if you have a credit report with a high score from one bureau but a low score at another bureau, then try to obtain credit from a company that pulls the higher bureau credit report. There used to be web site that told exactly which credit report a lender will pull. I'll find it if you're interested.
You just load it once, charge it, and pay it off as you would do with an ordinary credit card. It's a good way to build credit if you can't get credit otherwise. The bank doesn't care because it's not their money, but the credit line, payments, and usage will report to the credit bureaus anyway.
Shit, I'm going through this right now. I'm refinancing and these idiots are asking me the most stupid and childish question.
Why did BOA pull your credit 4 months ago. Um..I was conducting regular business with them.
Why are there large deposits in your account always on the 30th.--Umm.. I pay myself once a month.
What are you going to do when your car lease is up?--Umm, I'll get whatever the fuck I want.
Your amex shows that you owe $236, prove to us that you have enough money to pay it in full. -Damn, you just saw that I have enough deposits very 30th
Go to the creditboards and go to the credit pulls database section, it's a,list of which bank, location and the bureau used and credit scores that were used by people who applied.
Cap one is guaranteed to pull all three when you apply for anything.
Bank of America used mostly equifax for apps.
Amexs pull experian.
Discover transunion.
Chase will pull experian and equifax for an app.
Shit, I'm going through this right now. I'm refinancing and these idiots are asking me the most stupid and childish question.
Why did BOA pull your credit 4 months ago. Um..I was conducting regular business with them.
Why are there large deposits in your account always on the 30th.--Umm.. I pay myself once a month.
What are you going to do when your car lease is up?--Umm, I'll get whatever the fuck I want.
Your amex shows that you owe $236, prove to us that you have enough money to pay it in full. -Damn, you just saw that I have enough deposits very 30th
When i was going thru the process they was asking me all kinds of bullshit and had me writing letters and shit. I did all that and couldn't even find a house in Houston because the market was so hot so i said fuck it. But now that the economy is going to shit ima come up on something good next year.
Dipute dispute dispute. Got mines from a 580 to a 735 in 1 year, dropped to a 687 recently because of a nys tax judgment . Jus paid and dispute waiting for a response. Hope it goes back above 7 after this. But opened a capital one credit card for 300 and whatever I was gonna pay cash for I paid with the card and paid off the card. Also linked card to autopaywith my bank account so I would never miss a payment. Since theyve given me an $1800 limit without asking.
It's a whole fucking cycle. My house lost about $90k in value in 2009. Now its back up by $100k according to the appraisal that I received yesterday. LOl!!
Good info. I went ahead and signed up for MyFICO monthly monitoring. My scores are actually higher than CK.
I have a $300. balance on one of my CC's should I go ahead and pay it off entirely, or pay it off consistently as MyFico suggests? I'm prepared to pay it off, as I don't like to carry over any balances, but I'm not sure if this is the right method.
To maximize your scores let the card report a $2 balance on your next statement then just pay the $2 before the payment due date. As long ad you pay the balance by the due date you will not have to worry about interest.
Not good info. While disputes can remove some bad files they can also become verified which can lead to an even lower score. It's call credit roulette. The best option is always to pay your bills on time. Check with your states sol also. Usually after 90% is completed its hard for a business to verify your old account due to the fact it may have went through so many collection agencies
I think it was a law passed last year or something. Even car financial sites offer your auto fico.
Yeah they all offer the fico 8 scores.
Fico will give the morgate scores, 2 different versions of auto scores plus 2 different versions of bankcard scores.
Yes, but you still have to do your homework because they sometimes make more money on people with good credit and make them feel good while fucking them. They are able to buy good interest rate for them at a very cheap rate and then sell it at market rate, making you think you got a good deal. When I buy or lease cars, I always ask for the buy rate and demand to see it on paper or verify it otherwise. They can make money on the origination fees, etc. but not on my rate. White loan officers/finance managers end up hating me after I'm done with them.
Jagu, when you ask for the buy rate how do you go about verifying it?
You could be right, I've only had 2 disputes come back to me, neither affected my score, but I don't know if you do it too many times that it will. One was a att bill that kept coming back under a different company, finally jus paid and then disputed and removed, old sprint bill they jus removed and never came back. Irs bill was also rejected for removal. But none of them caused my score to go down.
But what I did was dispute and if it came back I would pay and then dispute again and they would remove. Factual
I usually go to the specific car model message board and there is sometimes a salesman there who reveals them.
But the most reliable source now is edmunds forum. "Prices paid" and "leasing" section". The forum moderators spill the whole shit out for you. Just ask. lol.
just got a capital one card, my first US credit card, last month and started doing the same thing. In fact, I just paid the entire balance an hour ago
Make sure you use it for everything. I use it to buy chewing gum for .99cents. Lol.
I mainly just use it to pay bills, but last month I racked up 98% of the limit
Nice.....
Auto enhanced and bankcard enhanced ficos are in the range from 250 to 950, the fico 8 score and morgate scores go 350 to 850
Forgot to mention keep the limit below 33% Anything above that will lower score. If it's at 33% ask for an increase. Shouldn't go above 50% max absolutely
i'd pay it off. but just keep using the card for small shit, as someone else posted. thing is, the bureaus want to see a pattern of responsible activity, which helps your FICO scores.
unless its something you can dispute, i'd make arrangements to get that paid off. Especially if it's something you can eliminate within a year. Otherwise it will affect your mortgage application. As far as getting it removed, i don't have any experience with how that works. Some of the vets on here might know more about that.
So lets my credit limit is $300, so I should spend $298.00 and pay off the $298 to leave a $2 balance on the card, then pay off the $2 before the actual due date? Like I spent $298 on the 15th of the month and was left with a $2 balance then paid that off on the 28th right before the end of the month? Let me know I'm tryna boost my scores all across the board son.
If your limit is 300 and you spend 298 then your balance will be 298, don't let that report on the closing date because that is considered maxing out your card which will hurt your scores. Try not to let more than 30 percent of your limit report. For optimal points you want to let 10 percent report which would be 30 dollars.
To get maximum points let the balance report 2 dollars on the closing date. Thats means you would have 298 left of your credit limit.
Just make sure to pay off your full balance before the monthly payment due date so no interest will occur.
I started out with a bank of America cash rewards secured visa, in Like 10 months they unsecured it and desposited my money back to me, once use start using cards wisely and building your scores you will start getting offers in the mail for cards
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