The Master Credit Score Mad Scientist Thread

[BobWang]

My latest victim experiment:

 

22 y/o college student

Previous credit influence has been a mentor who preached that credit cards are evil.

No revolving credit history when I came along.

Only credit history is $4k student loan taken out June, 2011, deferred status.

 

Signed up for Credit Karma, Credit Sesame at 6 months of credit history:

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

CS: 2012-01-03 Experian National Equivalency Score (NES) 669

 

Added to 13 y/o AmEx.

Reported today, bumps AAOA from 0.5 to 6.5 years:

 

CK: 2012-01-27 TransRisk 653, Auto 818, VantageScore 588 (F)

myFICO TU98: 2012-01-27 TransUnion 747

 

Obviously, TransRisk and VantageScore do not factor in AU accounts.

 

Cannot pull Equifax FICO score, unable to verify SSN, identity.

Will add to one of my utility bills, get new driver's license with my address, try again next month.

[nht]

Oh, this is gonna be fun... a lot of fun. And educational to boot.

 

Dr. Wang, you are definitely something else.

[1234]

My latest victim experiment:

 

22 y/o college student

Previous credit influence has been a mentor who preached that credit cards are evil.

No revolving credit history when I came along.

Only credit history is $4k student loan taken out June, 2011, deferred status.

 

Signed up for Credit Karma, Credit Sesame at 6 months of credit history:

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

CS: 2012-01-03 Experian National Equivalency Score (NES) 669

 

Added to 13 y/o AmEx.

Reported today, bumps AAOA from 0.5 to 6.5 years:

 

CK: 2012-01-27 TransRisk 653, Auto 818, VantageScore 588 (F)

myFICO TU98: 2012-01-27 TransUnion 747

 

Obviously, TransRisk and VantageScore do not factor in AU accounts.

 

Cannot pull Equifax FICO score, unable to verify SSN, identity.

Will add to one of my utility bills, get new driver's license with my address, try again next month.

Very interesting keeps us posted. By the way good job Mad Scientist

[BobWang]

[breeze]

[1234]

Bob at her as joint account to one of your accounts and see her fico jump.

[Repairerer]

Throw open the switches on the sonic oscillator.

[BobWang]

Dammit, Repairerer, I love you.

[BobWang]

BofA reporting AU AmEx, $5 balance out of $5,000 limit:

 

[BobWang]

Navy Federal today:

 

Me: She's applying for the unsecured cashRewards Visa, it's her first solo credit card, so if she's not approved for that, we'll go secured.

 

LO: She's approved for $500.00 unsecured, even though she's an AU on a $5k AmEx, I presume that's you, we still consider her a First Time Borrower.

 

Us: High Fives

[BobWang]

Walmart today:

 

Me: Where do we go to apply for a credit card?

 

Her: I'll take you back there.

 

Her: Hmm, nobody's at the desk, I'll do it myself.

 

Her: I'll need a driver's license and a credit card

 

(What do people do if this is their FIRST CC application?)

 

Her: You've been approved for the Walmart store credit card.

 

Me: What's her CL?

 

Her: $1,200.

 

 

My Wally Discover is only $1,300

[Repairerer]

They'll probably give her a CLI to 10K in a few months.

 

Navy, I mean, not Wally.

Edited February 11, 2012 by Repairerer

[1234]

Walmart today:

 

Me: Where do we go to apply for a credit card?

 

Her: I'll take you back there.

 

Her: Hmm, nobody's at the desk, I'll do it myself.

 

Her: I'll need a driver's license and a credit card

 

(What do people do if this is their FIRST CC application?)

 

Her: You've been approved for the Walmart store credit card.

 

Me: What's her CL?

 

Her: $1,200.

 

 

My Wally Discover is only $1,300

 

Bob you better take her with you when you going window shopping for credit.

[BobWang]

Wally store card reported today,

Went from

2 total accounts AAOA 6 years to

3 total accounts AAOA 4 years

 

Credit Karma FAKOs:

 

TransRisk 653 to 660

 

VantageScore 589 to 712

[cookiemommy]

Bob do you run a credit repair business or are you just a good soul? Either way I learn so much from reading about your experiments, thank you.

Edited February 15, 2012 by cookiemommy

[BobWang]

Bob do you run a credit repair business or are you just a good soul? Either way I learn so much from reading about your experiments, thank you.

It's a hobby.

[BobWang]

2012-01-03 1 student loan $3,500 bal = 1 acct AAOA 0.5 years

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

 

2012-01-27 AU on 12 year-old BofA AmEx $5k limit = 2 accts AAOA 6 years

2012-01-27 myFICO TU98 747

2012-01-27 TransRisk 653, Auto 818, VantageScore 588 (F)

 

2012-02-15 Primary Walmart Store Card $1.2k limit = 3 accts AAOA 4 years

2012-02-15 TransRisk 660, Auto 818, VantageScore 712 (Grade C)

[cashnocredit]

Interestingly large effect AUs have on thin file FICO scores.

 

I had read numerous places that VantageScore didn't factor AUs but didn't know that about Transrisk.

 

I love experiments. Especially when someone else is doing the work!

[BobWang]

2/17 Applied for regular Citi Forward, not Student version.

Approved for $4,000 CL, part-time income of $8,000/year

 

2/17 Applied for Student Discover More, DENIED.

[OCChineseguy]

2/17 Applied for regular Citi Forward, not Student version.

Approved for $4,000 CL, part-time income of $8,000/year

 

2/17 Applied for Student Discover More, DENIED.

 

Time to *B some Inq ?

 

Or as the scientist would say, "I love it when a plan comes together."

[BobWang]

Actually, next is to get her into DCU.

 

My local electric company added her as authorized agent, but not to the actual bill.

 

So, have to wait another cycle for proof of residency.

 

Unfortunately PSECU doesn't count co-habitation as eligibility.

[MannyLNJ]

Throw open the switches on the sonic oscillator.

 

Three red triangles!

[Repairerer]

Yes, step up the reactor power.

[BobWang]

I used to go to the midnight shows when I was younger.

 

Now I fall asleep around 9.

[Repairerer]

Bob, did you dress up? Pics.