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Score whent up and down

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PostPosted: Sun Sep 16, 2007 10:52 am Subject: Score whent up and down

So I had a charged off gas card removed from my reports. Well my equifax score went up 10 points, my transunion when down 2 points and my experian hasn't changed yet.

Why can't they just make one credit score so that everything is simple. Rolling Eyes

mrhender



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PostPosted: Sun Sep 16, 2007 9:58 pm Subject: reply

mr, I agree. Someone with the knowledge of the whole "credit score" issue will be along to answer this question. Very Happy I'd like to know it also!
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PostPosted: Mon Sep 17, 2007 6:00 pm Subject:

Each Fico score is calculated based on info from each individual bureau. While you are in the repair phase it is better to strive for a clean 100% accurate credit file and then worry about the scores after this stage is reached.
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Cajunbulldog
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http://www.ftc.gov/os/statutes/fdcpa/fdcpact.htm#809
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PostPosted: Tue Sep 18, 2007 6:37 am Subject:

I know, I just think credit would be much simpler if they had one bureau and one score. I think that is why a lot of people get screwed up, because things are so difficult to understand. I think this was more a rant than a question. Wink
mrhender



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PostPosted: Fri Sep 21, 2007 4:42 pm Subject:

I agree with you mrhender. There should only be one credit bureau instead of three.

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PostPosted: Sat Sep 22, 2007 8:28 am Subject:

I disagree because when you have more than one,you can have competition for lower pricing and better customer service. There is only one IRS and we know how useless they can be at times. Laughing
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Cajunbulldog
Keeping an eye out for consumers.
http://www.ftc.gov/os/statutes/fdcpa/fdcpact.htm#809
http://www.ftc.gov/os/statutes/fcrajump.shtm
http://www.debtconsolidationcare.com/forums/about216.html
Use this letter to protect your rights under the FDCPA
myfairdebt.com & myfaircredit.com-Good source of case law in forums.
cajunbulldog
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PostPosted: Mon Sep 24, 2007 12:19 pm Subject:

True, Cajun. They could at least have one scoring system then.
mrhender



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PostPosted: Wed Sep 26, 2007 12:26 am Subject:

Hi mrhender

The Three bureaus with three different scores...yes it is confusing at times. But the three bureaus have joined hands and have come up with a new scoring model called vantage score.

This is what I know..I might be wrong Confused

Nelly

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