Archive for the ‘Credit’ Category

How do I reverse inquieries done to my Credit or raise my FICO score?

Posted in Credit on 10/15/2010 10:40 pm by
juju1006 asked:


My boyfriend recently purchased a car for me that I had to return after 1 month of having it because the dealership could not close the deal. He just got a print out of his credit report and his FICO score dropped from a 620 to the 500′s! How do we revese all the inquieries the dealership did into his credit. We recieved 6 different letters from 6 different lenders.

Sandra
 

how long will it take for my fico to rise after my cc reported 0 balance to credit bureaus?

Posted in Credit on 10/05/2010 12:13 am by
word asked:


I paid off one of my cc and my scored jumped 40points within a day after it closed and reported. I just paid off my 2nd cc and it’s reported as 0 but still waiting (over a week now) for a fico leap. Would anyone know how long it will take, or may it have not effect my score any?

Billy
 

Why does filing a dispute lower my FICO credit score?

Posted in Credit on 10/04/2010 09:33 pm by
R S asked:


In order to raise my credit score I filed a dispute on some of the negative items. On my FICO score those items show that they are currently being disputed, but it also shows that my score lowered by 6 points because I filed the dispute. How does this happen? Will it go back up once the dispute is resolved?
There have been no changes to be credit besides disputing the information. On FICO site where it list my score, it actually says that my score was lowered because a dispute was filed, even though the dispute is still pending.

Rosemary
 

Whats a good FICO score in reguards to refinancing a home. What is the bottom of the good range?

Posted in Credit on 09/29/2010 08:25 pm by
larryandshaunafuller asked:


Also when do you get to excellent? Next, with a 640 FICO score, perfect payment history but not good D.T.I. what kind of rate can expect? Thanks everyone!

and yes Im working on the old score!

Ron

 

What is the FICO score regarding to credit and how do u get it?

Posted in Credit on 09/21/2010 01:54 pm by
kilgore87 asked:


Is it true that’s ur FICO score is what they look at regarding getting a house? How is the score add up of what is it added up from. I’m looking into buying a house and and I was informed me that I needed a credit score of 620. I have a 590, 573 and 601.

Annette
 

How does making a settlement with a creditor affect my credit/FICO score?

Posted in Credit on 09/12/2010 08:09 pm by
AC asked:


If I owe a creditor $2,500 and they offer me a settlement of $1,500 and I take it and pay the $1,500. Does that hurt my credit and FICO score because I settled and didn’t pay back the full amount?

Douglas
 

what will be the difference in fico score between a paid collection and settlement?

Posted in Credit on 08/21/2010 06:10 am by
Rachel L asked:


There is one negative on my credit report. It has gone to collections and collections agent will take a 20% discount but it shows up on the report as a settlement as opposed to paying the whole thing; then it will show on my credit report as a paid collection. Will that really affect my FICO score? If so, how much?

Tonya
 

Is there an online calculator that will help you figure out what different actions will do to your FICO score?

Posted in Credit on 08/21/2010 01:27 am by
heather of the fields asked:


Or a webpage that gives specific (not generalized) pointers as to what will impact your FICO (credit) score the most?

Cody
 

How is your FICO score calculated in relation to the 3 credit bureaus?

Posted in Credit on 08/15/2010 09:29 pm by
newtobigd78 asked:


For example, if you have 3 scores from each of the bureaus and they are all different – e.g., 675, 700, 725 – is your FICO score the average of the three (700)?

Lloyd
 

How long does it take for my FICO score to update and reflect paying off credit cards?

Posted in Credit on 07/20/2010 02:57 am by
Curt F asked:


Hi everyone. About five days ago I paid off both my credit cards finally. I’m trying to increase my FICO score so I can consolidate my student loans and reduce the interest rate. However, I only have 8 more days that I’ll be able to consolidate as the grace period ends this month. I was unaware that the FICO score doesn’t update automatically as ones credit status changes. Does anyone know how long this process takes and if there is anyway to speed it up? Thanks for your help.
-Curt

Irene
 
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