OK,  Guess What?  I went to purchase my FICO score from MyFico and was told I can’t due to not having a score!!.  What does this mean?  Thanks!  P.S.  Love this site!!!

Joanne (more…)

One the things thats hurting my credit report which I obtained from Myfico.com is a consumer finance account.

Its states that a consumer finance companies typically grant loans to people with poor credit histories. 

The only consumer finance company I have on my report is Ford Credit, an automobile loan. 

Why would this affect my FICO scroes?

Georgia (more…)

It was added an hour or so ago and I already see people are registering for it, so may as well make a post about it.  I was going to wait until January 1, 2008, but what the heck.  Why wait?

The Raise Your Credit Score seminar for 2008 is available now!

It’s fifteen-minutes of important preemptive actions you can take to improve your credit score before applying for that mortgage, car loan, job, insurance, etc. 

Your introductory course to credit repair; no time is wasted.  It is action packed, like the fireworks in Times Square.  Well, not quite - how exciting can you really make credit repair?…

I got it! 

Let’s call it Fifty FICO Points in Fifteen-Minutes!

Make sure you have a pen ready when you listen to take notes.

After you’ve improved your credit score, make sure you tell others about our site!

You posted in June of 2007, that Fico will no longer count authorized user.  I am now being told that this never went into effect.  Your article also mentioned that it would go into effect in Sept. of 2007 for most lenders. 

I truly believe in the information on this blog and would like to know if this other person knows what they are talking about.  Please respond

J.A. (more…)

A follow up to Credit Score Confusion…

It’s discovery time and Fair Isaac wants a peek at the recipe for VantageScore.  The following excerpt is from a September 25, 2007 ruling:

“On January 12, 2007, Fair Isaac served discovery requests seeking “the algorithm and the software and process used in conjunction with the algorithm to produce a credit score.” Schlosser Aff. [Docket No. 86] Ex. A. at 3. On April 25, 2007, Defendants moved for a protective order precluding discovery regarding “the actual model, design, algorithm, computer program, portions or drafts thereof and numerous other materials that would reveal the actual model, design or computer program (collectively, the ‘Algorithm’), used by Defendants in calculating the VantageScore credit score.” Mem. in Supp. of Defs.’ Mot. for Protective Order [Docket No. 84] at 1-2. Simultaneously, Fair Isaac moved to compel production of VantageScore’s algorithm and related documents.”

And U.S. District Court Judge Ann D. Montgomery says: “Defendats’ Consolidated Objections [Docket No. 179] are OVERRULED”.

I wonder if “Trans Union admitted in its Answer that “certain Trans Union employees who had access to Fair Isaac’s confidential information participated in the planning of VantageScore . . . .” had anything to do with it? 

What do you think [rhetorical]?

Once again I say: Can’t we all just get along?

What do I do??? 

About 3 years ago, my husband and I decided that we wanted to fix our credit report, and logically, at tax-return time we paid off all accounts that were in collections. 

We thought that this would help us, but our credit report seems to have stayed stagnant. 

We got a mortagage since (in 2006) at a decent rate, but only after much shopping (we wanted fixed rate). The mortgage isn’t even helping our FICO. 

All of our accounts that we paid off state Charge off in current status, and Paid charge-off in comments. 

We currently have NO credit cards, no auto loans, and we pay our student loans on time.  We recently tried to get a credit card (hoping to raise our FICO), but were denied. 

What can we do to raise our credit score?  How can we get the creidt that we need to get in order to raise our FICO so that we can get credit?

Thanks,
Pam (more…)

I recently was able to convince a collection agency to delete collections with a $0 balance.

I have a total of 20 collections on my report from the same collection agency, all medical, and he deleted all but 1 that still has a balance. The one that remains is one of the oldest as well, 2002.

I had filed a dispute with all 3 MCB as he had asked me to do and yesterday they contacted me that all had been deleted. How long will it take for credit score to reflect the changes?

I am looking to buy a new vehicle to accomodate my handicapped son so hoped you could help..Thanks in advance and wow what a great site.

Sandy (more…)

Why is it that paying the collection agency without getting a PFD can lower your score? How does FICO come up with that calculation? Why won’t your score raise with a paid in full or 0 balance?
Oh…Awesome website by the way.

Chuck (more…)

Broken Credit, LLC welcomes you to Raise Your Credit Score.  Our free thirty minute seminar is NOW AVAILABLE and will discuss the following topics:

• Why errors exist on credit reports
• How to obtain a copy of your free credit report
• The proper way to dispute inaccurate items
• How to re-age a derogatory account to delete the derogatory history
• How to remove collection accounts from your bureau
• How to improve your credit score even if you have no bad credit

This free online seminar is for anyone who desires to improve their credit score THE RIGHT WAY.  Broken Credit, LLC has seen a tremendous need for the general public to have this information and it is our great pleasure to bring this seminar to you for free.

For those of you who will be buying or refinancing a home, this free thirty minute seminar could make your dream of homeownership possible and save you tens of thousands of dollars in interest!

Register & Watch Today!

Hi Paul,
 
I just watched the seminar.  Great info!  I had a question about the joint cardholder.  I want to raise my score and I have a relative that will allow me to be a joint card holder.  Do I actually need to use the second card in order to reap the benefits of better credit?  I do not want to put her credit at risk.  I know that the authorized user is no longer an option.  How is the joint card holder different?  I appreciate your help.
 
Sincerely,
Deandra (more…)