Why did my credit score jump 53 points according the CK out of no where? I think this is some sort of mistake... I did pay off the balance on one card which was like 3 racks but I highly doubt that would make it jump like that.
The credit Repair Thread
- Thread starter LeVraiPapi
- Start date
Neo. The Only. The One.
THE ONE
I do not think Capital One will let you upgrade from an unsecured card to the secured one. They do not do that anymore. You will probably get another card, but they will ask you to keep the unsecured one or close the account.
Utilization is a huge factor.
@Rarely-Wrong Liggins can you move this to 6 certs? It'll do better there instead of getting lost in the fukkery here.
Nordstrom: 3k (The One I Paid Off)
Macy's: 2k
Chase: 3k
Discover: 3k
Capital One: 2k
Best Buy: 2k
Maverick: 2k
My credit utilization was still low, I'm confused.
So 3k out of 17k fell off. You're right, not much change in utilization. Hmm, you sure all the cards are reporting to the bureau? Nothing else changed?
Need to consolidate some of these CC discussion threads, it's like 3 active ones right now.
I got my score up to the highest it's ever been, 766, within the last month or so. It just dropped 20 points because I wound up getting a car loan but my shyt still sitting at 746...I'm probably gonna open 2 or so more cards just to raise my overall limits and just chill for a while. I don't plan on opening shyt up that requires credit for the foreseeable future.
I got my score up to the highest it's ever been, 766, within the last month or so. It just dropped 20 points because I wound up getting a car loan but my shyt still sitting at 746...I'm probably gonna open 2 or so more cards just to raise my overall limits and just chill for a while. I don't plan on opening shyt up that requires credit for the foreseeable future.
All of them report, I'm starting to think CK is full of it because I just checked my credit with my online mortgage account and it's a lot lower.
Two things
First, CK gives out FAKO scores rather than actual FICO scores so they aren't that dependable when you're looking at certain score minimums required by some CC companies. For many, the CK score is extremely generous and scores aspects of credit differently than FICO.
Second, your mortgage account is probably giving you a certain FICO score. You see, usually for credit cards, most will go by your FICO08 score, whereas mortgages will go by your FICO05 score. So not only is CK giving you an inflated score, it's not even close to the type of scoring your mortgage account is giving you.
If you want to know more, just google something like "fico score versions" and "FICO vs FAKO"
As an aside, CK is good for something, and that's weekly monitoring of your TU and EQ reports (credit inquiries, balances, collections, etc)
LeVraiPapi
Redemption is Coming
CK is not accurate at all. So, they giving me scores like 625 and I checked online through Equifax, I'm at 690 on my FICO score. CK promotes CCs, the lower your score shows, the more you'd believe you gotta take whatever they give you. They would never tell your score is higher. Same with mortgage companies. Except Morgane companies use different criteria.
So brehs, I just paid off both my CCs. CapOne at 6k paid off. Amazon CC paid off at 2.5k. My car and student loans are reporting great. Also gave 5k on a student loan. How much you guys think my credit will jump by ? From what an expert tells me, I should jump 30 points at least. He says based on that, people normally get like 50 points for paying quick and touching different debts at once.
Anybody ever done that ? Gotta cop that new condo
So brehs, I just paid off both my CCs. CapOne at 6k paid off. Amazon CC paid off at 2.5k. My car and student loans are reporting great. Also gave 5k on a student loan. How much you guys think my credit will jump by ? From what an expert tells me, I should jump 30 points at least. He says based on that, people normally get like 50 points for paying quick and touching different debts at once.
Anybody ever done that ? Gotta cop that new condo
LeVraiPapi
Redemption is Coming
Man. CK is full of crap. It's not that simple with them. They trick you into a score they want based on the credit cards they promoting for the month. I been in the game too long to get fooled. If you guys want, I can drop a link where you can check your Fico score with your 3 scores for 1 dollar. You just gotta delete it after like 3 days, so you don't get charged 30 dollars. They may patch it soon so be careful.
LeVraiPapi
Redemption is Coming
Great idea. I took a 1k loan and I'm paying it off now. My payment is supposed to be 55 every 2 weeks but I just give 65 to pay it quicker. You should see the difference it made.
Also, guys do not completely pay off your card and stop using it. What I do now is I make purchases on my card, like food, gas, groceries and electronics. Look at the total and pay it all off like 5 days before the statement or billing cycle. That way I pay 0 interest and my card is Hella active.
The old days of small payments are gone. Now they wanna see you using the credit cards as a tool to show you're financially responsible and you can afford your cards.
Ask me any questions.
I went from 600 to 690 in like 1 year. I didn't take it as serious but I always knew how to do it. I'm still maintaining.
Once I close on my house, I'm gonna apply for some more cards and more small loans. Already told my wife I'm gonna take a 5k loan to pay student loans then pay it down slowly.
Most importantly, I'd say find a second gig if you wanna get outta debt. Use that gig to pay off and build yourself. If you have dual income, you're good though. If you have dual income, and you still get that second or third gig, you gonna be very comfortable pretty soon if you manage the money well.
Good luck my brothers
I'm pissed that my Equifax went down nearly twenty points. 
I have no idea how since my transunion stayed the same. I did see six inquiries compared to four but I didn't think it was that drastic to have that change. Plus a 1% higher utilization. Funny thing is some of the inquiries weren't matching on both reports. I even had to double check one since it was from citi bank which was unfamiliar but it was actually a cli from my best buy card. I'd rather have a lower utilization rate anyways. I'm just hoping this corrects itself in the near future. I'm guessing some inquiries are worth more than others.
I did notice my average age of accounts is about 4 years 3 months and the next tier is five years, so hopefully if everything stays consistent, I'll reach it when the year ends. Just gotta lower my balances and hope this small setback goes back to normal. Let me go pay off some debt and get my score back up.
I have no idea how since my transunion stayed the same. I did see six inquiries compared to four but I didn't think it was that drastic to have that change. Plus a 1% higher utilization. Funny thing is some of the inquiries weren't matching on both reports. I even had to double check one since it was from citi bank which was unfamiliar but it was actually a cli from my best buy card. I'd rather have a lower utilization rate anyways. I'm just hoping this corrects itself in the near future. I'm guessing some inquiries are worth more than others.I did notice my average age of accounts is about 4 years 3 months and the next tier is five years, so hopefully if everything stays consistent, I'll reach it when the year ends. Just gotta lower my balances and hope this small setback goes back to normal. Let me go pay off some debt and get my score back up.