Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
Agencies disclosing calculations has been brought up in Congress many times but they have heavy lobbying presence.

Yep!!! Lobbyists vs common consumer. Guess who lost!?

I think credit card hackers need to start targeting congressmen and have them denied for loans. Then maybe we'll see some action on free and open credit scores, calculation and the ability to see who's using your credit.

I've seen some of Congress' scores...pathetic. Kid you not...think 500s.

wasn't there a scam a few years ago where fannie/freddie approved Congressmen with bad scores or looked the other way? They don't live in the same world as the rest of us peons.

Not only that, many banks can underwrite the loans on their portfolio (meaning they don't sell the loan to Fannie/Freddie). They have looser guidelines for these Congress people usually because there is less risk (if I'm a 6 term Senator, it is unlikely that I will default on my loan and risk foreclosure--public info). They also often have some assets that will offset risk of credit.

Anonymous wrote:560 something. CLEARLY I WIN.

569! Wanna be friends? We can hang out in my van down by the river.

770
755 (ish)
689

I have a credit card with high balance that only reports to one bureau (the 689).

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:
Agencies disclosing calculations has been brought up in Congress many times but they have heavy lobbying presence.

Yep!!! Lobbyists vs common consumer. Guess who lost!?

I think credit card hackers need to start targeting congressmen and have them denied for loans. Then maybe we'll see some action on free and open credit scores, calculation and the ability to see who's using your credit.

I've seen some of Congress' scores...pathetic. Kid you not...think 500s.

wasn't there a scam a few years ago where fannie/freddie approved Congressmen with bad scores or looked the other way? They don't live in the same world as the rest of us peons.

805

Anonymous wrote:

Anonymous wrote:
Agencies disclosing calculations has been brought up in Congress many times but they have heavy lobbying presence.

Yep!!! Lobbyists vs common consumer. Guess who lost!?

I think credit card hackers need to start targeting congressmen and have them denied for loans. Then maybe we'll see some action on free and open credit scores, calculation and the ability to see who's using your credit.

I've seen some of Congress' scores...pathetic. Kid you not...think 500s.

Anonymous wrote:
Agencies disclosing calculations has been brought up in Congress many times but they have heavy lobbying presence.

Yep!!! Lobbyists vs common consumer. Guess who lost!?

I think credit card hackers need to start targeting congressmen and have them denied for loans. Then maybe we'll see some action on free and open credit scores, calculation and the ability to see who's using your credit.

Oops submitted to soon.

Agencies disclosing calculations has been brought up in Congress many times but they have heavy lobbying presence.


6. The score you see online will likely not be the same three bureau score you see if you were to qualify for a mortgage. It can vary up to 100 points. My advice is to focus on addressing high balances, inquiries and negative accounts and no so much the score.

I have done credit underwriting for a living for 15 years. I have analyzed probably close to 100,000 credit reports. A few notes:

1. I love credit karma. It does provide a Trans Union score every quarter for you (you have to log on an click update). They will have free promos etc (which is how they make their $), but you can opt out.

2. The free annual credit report site will give you one free report with each 3 bureaus but no score. There is no credit score and fico score as a PP indicated. There is a PLUS score, Vantage score, and FICO score. Vantage is fairly new and is the result of the three bureaus working together to create model.

3. In my 15 years of credit, I have not seen one person under 35 (even under 42 is rare) to have all three fico scores in the 800s. Even if a parent added you as authorized user, one would have to have a combination of revolving and installment debt for 10-15+ years to get into the 820s.

4. Many years ago, credit agencies stopped allowing piggyback credit (being added as user of credit card to help with your credit) being factored into your personal score. The account may still be on your report, but the influence is no longer allowed.

5. Credit agencies (TU, Experian and Equifax) do not have to disclose their calculati

Anonymous wrote:560 something. CLEARLY I WIN.

Not a 560 but we're both around 660-670 after a recent short sale. Painful but maybe one day we'll bounce back.

Anonymous wrote:What is the highest it can be?

Classic FICO range is 300-850

How can you raise your score?

I pay my bills on time but am stuck in the 760s.

Anonymous wrote:

Anonymous wrote:Dh and I have always been around 820+ since we met in our mid-20s. Huge source of pride and we are competitive about it....somebody always ends up one point or so above the other.

I'd never get involved with somebody with bad credit.

That's impressive. Usually someone in their mid 20s doesn't have enough credit history to break the 800s.

Mine bounces around between the high 700s and low 800s depending on when in the month it is and how recently we've paid off that month's credit card balance. We've always qualified for the best rates on loans, etc though, so I'm not at all concerned about it.

Yeah I don't get this either - 820 in your mid-20s? Please share your secret. I'm in my mid-late 20s and even with no missed payments, low debt, decent limits, etc. I can't break 800. I just don't have the history since I didn't get my first credit card until I was 22.

What is the highest it can be?

560 something. CLEARLY I WIN.