The Master Credit Score Mad Scientist Thread

[BobWang]

Danke, Herr Doktor.

[BobWang]

2012-01-03 TransRisk 653, Auto 773, VantageScore 588 (F)

2012-01-10 TransRisk 653, Auto 773, VantageScore 588 (F)

2012-01-17 TransRisk 653, Auto 773, VantageScore 588 (F)

2012-01-27 TransRisk 653, Auto 818, VantageScore 588 (F) (12 yr-old AU account reports)

2012-02-06 TransRisk 653, Auto 818, VantageScore 589 (F)

2012-02-15 TransRisk 660, Auto 818, VantageScore 712 [C] (1st CC, Walmart $1.2k store card reports)

2012-02-25 TransRisk 699, Auto 865, VantageScore 762 [C] (2nd CC, Citi $4k reports

2012-03-01 TransRisk 699, Auto 865, VantageScore 763 [C]

2012-03-17 TransRisk 699, Auto 865, VantageScore 753 [C] (3rd CC, NFCU $0.5k reports $2 bal, ONLY balance)

2012-03-22 TransRisk 699, Auto 865, VantageScore 752 [C] (Walmart also reports $2 bal, 2 cards w/ bal out of 3)

[luvmobug]

If anyone wants to experiment, Im the perfect candidate to help walk through. I need soooo much help I get confused where, when and how to start Oh by the way Im not embarassed enough yet!!!

[Analysis]

So if one extends this further, a report with a $250,000 credit limit, reporting a $240,00 balance, would be better off than someone with a $300 limit reporting with a balance of $200--all other things being equal?

 

Surely not, Shirley:-)

[road2freedom]

Maybe it looks at the actual balance of that line itself before it decides to include? So if you have say 30k on a 50k limit it could count it but if it's a miniscule balance it doesn't? I could totally see programming logic for that. Anyone care to go buy a Benz on their card and test this out?

[BobWang]

The FICO Estimator uses actual dollars for balances, with no mention of credit limits.

So, it's not just based on percentages.

 

Shirley

[BobWang]

Oh, it also asks about % utilization.

 

Bob

[BobWang]

03/15/2012

MasterCard $5 of $18,000

Visa $4 of $25,000 (Closes the 19th, Reported the 4th)

Visa $10 of $10,000

MasterCard $3 of $8,000

MasterCard $16 of $50,000

Eq 816

Ex 840

TU 825

TransRisk 782

 

03/23/2012

MasterCard $5 of $18,000

Visa $4 of $25,000 (Closes the 19th, Reported the 4th)

Visa $2 of $10,000

MasterCard $3 of $8,000

MasterCard $16 of $50,000

Eq 816

Ex 840

TU 825

TransRisk 778

 

So, dropping from $10/$10k = 0.1% to $2/$10k = 0.02% tanked my TransRisk FAKO 4 points.

 

It appears that anything < 0.01% utilization is considered 0% by TransRisk.

[road2freedom]

You mean < 0.1% right? Interesting change though.

[BobWang]

You mean < 0.1% right? Interesting change though.

Ah, correct, < 0.1%

[BobWang]

2012-01-03 TransRisk 653, Auto 773, VantageScore 588 [F]

2012-01-10 TransRisk 653, Auto 773, VantageScore 588 [F]

2012-01-17 TransRisk 653, Auto 773, VantageScore 588 [F]

2012-01-27 TransRisk 653, Auto 818, VantageScore 588 [F] (12 yr-old AU account reports)

2012-02-06 TransRisk 653, Auto 818, VantageScore 589 [F]

2012-02-15 TransRisk 660, Auto 818, VantageScore 712 [C] (1st CC, Walmart $0.00 of $1.2k store card reports)

2012-02-25 TransRisk 699, Auto 865, VantageScore 762 [C] (2nd CC, Citi $2 of $4,000 reports)

2012-03-01 TransRisk 699, Auto 865, VantageScore 763 [C]

2012-03-17 TransRisk 699, Auto 865, VantageScore 753 [C] (3rd CC, NFCU $2 of $0.5k reports)

2012-03-24 TransRisk 693, Auto 865, VantageScore 751 [C] (2nd CC, Citi $2 to $36 of $4,000)

[CalPop]

Bob,

 

This may not be the right place to ask you, and I'll happily start a new thread if you wish! I was wondering if you could point me in the direction of places to go to open new accounts to begin rebuilding credit? I have deleted most all my baddies and want to get my score up so I can purchase a new car a little later this year.

 

 

Thanks, CalPop!

[BobWang]

Bob,

 

This may not be the right place to ask you, and I'll happily start a new thread if you wish! I was wondering if you could point me in the direction of places to go to open new accounts to begin rebuilding credit? I have deleted most all my baddies and want to get my score up so I can purchase a new car a little later this year.

 

 

Thanks, CalPop!

CalPop:

I'm not the guy to ask about rebuilding credit.

Many others have far more experience in that than I do.

My advice would be to just take some time to read about others' rebuilding experiences.

 

The best thing for your credit profile is to keep working on the baddies, while opening accounts with lenient issuers.

 

That said, I like knowing where I stand, and joining DCU for their Equifax FICO would be one of my suggestions.

Bob

[CalPop]

Thanks!

 

 

[BobWang]

Got ES (Experimental Subject) added to electric bill.

 

Had her apply for PSECU membership on Friday 3/23/2012.

 

Asked her on Tuesday whether she had heard from them.

 

e-mail requesting address verification was in her junk mail folder.

 

PSECU membership is not important to her, LOW priority .

 

We'll see if she gets around to contacting them.

[BobWang]

She did call.

 

Driver's License and utility bill with matching addresses is sufficient.

 

Faxed to PSECU.

[BobWang]

@PSECU lurkers.

 

She REALLY DOES live here.

[BobWang]

2012-01-03 TransRisk 653, Auto 773, VantageScore 588 [F]

2012-01-10 TransRisk 653, Auto 773, VantageScore 588 [F]

2012-01-17 TransRisk 653, Auto 773, VantageScore 588 [F]

2012-01-27 TransRisk 653, Auto 818, VantageScore 588 [F] (12 yr-old AU account reports)

2012-02-06 TransRisk 653, Auto 818, VantageScore 589 [F]

2012-02-15 TransRisk 660, Auto 818, VantageScore 712 [C] (1st CC, Walmart $0.00 of $1.2k store card reports)

2012-02-25 TransRisk 699, Auto 865, VantageScore 762 [C] (2nd CC, Citi $2 of $4,000 reports)

2012-03-01 TransRisk 699, Auto 865, VantageScore 763 [C]

2012-03-17 TransRisk 699, Auto 865, VantageScore 753 [C] (3rd CC, NFCU $2 of $0.5k reports)

2012-03-24 TransRisk 693, Auto 865, VantageScore 751 [C] (2nd CC, Citi $2 to $36 of $4,000)

2012-04-03 TransRisk 693, Auto 865, VantageScore 753 [C] (1st CC, Walmart $2.00 of $1.2k store card reports)

[BobWang]

ES got pre-approved Green AmEx offer at my address.

[BobWang]

PSECU doesn't want to let her in.

 

They are VERY suspicious.

 

ES has called numerous times, and they tell her they're still reviewing her application.

 

Interrogations have gone something like this:

 

Q: I see you are a member of NFCU, why do you want to join PSECU?

 

Q: I see your name on ONE utility bill, do you have any others?

 

Q: Do you actually pay that utility bill?

 

Q: Do you pay rent?

 

Q: Where do you get your mail delivered?

 

Q: Are you related?

 

Q: I see you're an AU on his BofA card, what's your relationship again?

 

Q: Exactly WHY do you want to join PSECU?

[breeze]

[m3jasper]

PSECU doesn't want to let her in.

 

They are VERY suspicious.

 

ES has called numerous times, and they tell her they're still reviewing her application.

 

Interrogations have gone something like this:

 

Q: I see you are a member of NFCU, why do you want to join PSECU?

 

Q: I see your name on ONE utility bill, do you have any others?

 

Q: Do you actually pay that utility bill?

 

Q: Do you pay rent?

 

Q: Where do you get your mail delivered?

 

Q: Are you related?

 

Q: I see you're an AU on his BofA card, what's your relationship again?

 

Q: Exactly WHY do you want to join PSECU?

Interesting, I'm being given a hard time by PSECU as well ATM on my father's app. I'm supposed to hear from them tomorrow.

[CIO]

PSECU doesn't want to let her in.

 

They are VERY suspicious.

 

ES has called numerous times, and they tell her they're still reviewing her application.

 

Interrogations have gone something like this:

 

Q: I see you are a member of NFCU, why do you want to join PSECU?

 

Q: I see your name on ONE utility bill, do you have any others?

 

Q: Do you actually pay that utility bill?

 

Q: Do you pay rent?

 

Q: Where do you get your mail delivered?

 

Q: Are you related?

 

Q: I see you're an AU on his BofA card, what's your relationship again?

 

Q: Exactly WHY do you want to join PSECU?

 

She should get all Gollum-voiced on them and say: "It wants the PRECIOUS...must have the PRECIOUS!"

[BobWang]

That was me a couple of years ago.

[BDK]

That was me a couple of years ago.