BobWang Posted January 27, 2012 Share Posted January 27, 2012 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. Quote Link to comment Share on other sites More sharing options...
nht Posted January 27, 2012 Share Posted January 27, 2012 Oh, this is gonna be fun... a lot of fun. And educational to boot. Dr. Wang, you are definitely something else. Quote Link to comment Share on other sites More sharing options...
1234 Posted January 27, 2012 Share Posted January 27, 2012 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 Quote Link to comment Share on other sites More sharing options...
BobWang Posted January 27, 2012 Author Share Posted January 27, 2012 Quote Link to comment Share on other sites More sharing options...
Admin breeze Posted January 27, 2012 Admin Share Posted January 27, 2012 Quote Link to comment Share on other sites More sharing options...
1234 Posted January 27, 2012 Share Posted January 27, 2012 Bob at her as joint account to one of your accounts and see her fico jump. Quote Link to comment Share on other sites More sharing options...
Repairerer Posted January 27, 2012 Share Posted January 27, 2012 Throw open the switches on the sonic oscillator. Quote Link to comment Share on other sites More sharing options...
BobWang Posted January 28, 2012 Author Share Posted January 28, 2012 Dammit, Repairerer, I love you. Quote Link to comment Share on other sites More sharing options...
BobWang Posted February 7, 2012 Author Share Posted February 7, 2012 BofA reporting AU AmEx, $5 balance out of $5,000 limit: Quote Link to comment Share on other sites More sharing options...
BobWang Posted February 11, 2012 Author Share Posted February 11, 2012 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 Quote Link to comment Share on other sites More sharing options...
BobWang Posted February 11, 2012 Author Share Posted February 11, 2012 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 Quote Link to comment Share on other sites More sharing options...
Repairerer Posted February 11, 2012 Share Posted February 11, 2012 (edited) They'll probably give her a CLI to 10K in a few months. Navy, I mean, not Wally. Edited February 11, 2012 by Repairerer Quote Link to comment Share on other sites More sharing options...
1234 Posted February 11, 2012 Share Posted February 11, 2012 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. Quote Link to comment Share on other sites More sharing options...
BobWang Posted February 15, 2012 Author Share Posted February 15, 2012 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 Quote Link to comment Share on other sites More sharing options...
cookiemommy Posted February 15, 2012 Share Posted February 15, 2012 (edited) 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 Quote Link to comment Share on other sites More sharing options...
BobWang Posted February 15, 2012 Author Share Posted February 15, 2012 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. Quote Link to comment Share on other sites More sharing options...
BobWang Posted February 15, 2012 Author Share Posted February 15, 2012 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) Quote Link to comment Share on other sites More sharing options...
cashnocredit Posted February 15, 2012 Share Posted February 15, 2012 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! Quote Link to comment Share on other sites More sharing options...
BobWang Posted February 17, 2012 Author Share Posted February 17, 2012 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. Quote Link to comment Share on other sites More sharing options...
OCChineseguy Posted February 17, 2012 Share Posted February 17, 2012 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." Quote Link to comment Share on other sites More sharing options...
BobWang Posted February 17, 2012 Author Share Posted February 17, 2012 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. Quote Link to comment Share on other sites More sharing options...
MannyLNJ Posted February 18, 2012 Share Posted February 18, 2012 Throw open the switches on the sonic oscillator. Three red triangles! Quote Link to comment Share on other sites More sharing options...
Repairerer Posted February 18, 2012 Share Posted February 18, 2012 Yes, step up the reactor power. Quote Link to comment Share on other sites More sharing options...
BobWang Posted February 18, 2012 Author Share Posted February 18, 2012 I used to go to the midnight shows when I was younger. Now I fall asleep around 9. Quote Link to comment Share on other sites More sharing options...
Repairerer Posted February 18, 2012 Share Posted February 18, 2012 Bob, did you dress up? Pics. Quote Link to comment Share on other sites More sharing options...
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