anyone know of Alternative Credit for score boost

[georgeb]

I have heard of many people using alternatives to get their Rent and Utility payments to report. I hear their are some companies that will report these for a fee. Do you know of any that are legit? Do they work ?

[hegemony]

I assume you've added her as an AU to all your positive accounts?

 

a secured credit card (or two) will do a lot more for her than any of these purchased tradelines.

 

moreover, if the issue is FICO scores...are you sure FICO uses "rent" or "cell phone" tradelines?

[georgeb]

From what I have read it uses it for Experian only. I have her on 3 of my cards which are all low balances now. I want to get her a secured card so she would have one more but on the FICO simulator it says her score could decrease 10 points or increase 10 points. We are scraping for points so we cant really afford to take a 10 point hit but sure could use a 10 point. She is at a 604 now and we need her at a 620 middle score so we are roughly 16 points middle score away from that

[Crashem]

I thought the rent and utility reporting to credit bureau only was used in FICO Expanded score which is basically used by no one.

[georgeb]

Well if thats the case then I wouldnt even attempt it

[hegemony]

I thought the rent and utility reporting to credit bureau only was used in FICO Expanded score which is basically used by no one.

I believe you're correct. I am not sure if Vantage score uses such tradelines.

[georgeb]

Yea I think only Experian which uses the plus score but FICO said they do as well just dont know if it is on the old scoring systems or not

[ArchonInitiative]

Look at her latest report. Are some inquiries about to fall off in the next few months? That would be a few points.

 

Are your "low" balances all under 10%, and at least one of them zeroed? You may even go even better, and have only one with a balance, and the rest zeroed.

Edited April 26, 2012 by ArchonInitiative