I need help with credit score?

1. credit scores can change daily if key factors are changed daily. You can monitor all 3. See www.equifax.com

2. Each CRA calculates their score based on the FICO system, but since each CRA has a different baseline, you will have three different credit scores.

3. That depends on the company reporting. How fast they report, etc.

Hope this helps. :wink:

Solomon

Monitor your credit report thoroughly and see if the information posted in your file is correct in all sense. Inaccurate negative information will reduce the scores to a great extent. Dispute with the bureaus as well as the company if you find any incorrect item. You will get the latest standing of your credit when you order a copy. You won't receive any notification before the scores change.

The bureaus have their own software where the data is inserted and a three digit number comes out computing your credit scores. Each bureau has their own software so the scores vary from one another.

And lastly, you will have to keep in touch with your credit companies or the collection agencies holding your file. They submit your accounts to the bureaus and as a result changes will be seen in your file.

Read this page for some helpful information.

http://www.debtconsolidationcare.com/forums/calculate-score.html

Thanks for the help. I have few more queries,


4) Is there a high deviation between the scores corrected by these 3 agencies OR are they marginally closer?
5) Is their report format fixed? Where can I see the current samples for these reports online?


Thanks again for the help and looking forward for more answers.

Solomon

Hi dcashwell3,

[quote]credit scores can change daily if key factors are changed daily[/quote]

what might be these key factors that might play a key role in the daily fluctuations of the score? can this happen to me too or to a particular section of our socety?

waiting for your reply.

Thanks

Quote:

The information that impacts a credit score varies depending on the score being used. Credit scores are affected by elements in your credit report, such as:

* Number and severity of late payments
* Type, number and age of accounts
* Total debt
* Public records

The score does not count "consumer disclosure inquiry??? requests you have made for your credit report in order to check it. It also does not count "promotional inquiry" requests made by lenders in order to make a "pre-approved" credit offer ??? or "account review inquiry" requests made by lenders to review your account with them. Finally, inquiries for employment purposes are not counted.

dcashwell is right. However, I have no idea about the difference in scores she has mentioned, though I know that scores from 3 bureaus differ, because not all the reports contain my full credit information generally.

You can visit sample credit reports here to get an idea-

http://www.experian.com/credit_report_basics/pdf/samplecreditreport1.pdf

http://www.transunion.com/sample_credit_report/sample_report.htm

ww.equifax.com offers credit score watch for only 9.95 a month sign up with them every time your score chages they will send you text message on the phone and you can check your fico score online. its a very good service, and also you will know when somebody report you to bureaus. hope this helps.

You have other people on my creit. Bankrupt is not mine I have sent you proof and have not recieved a reply. Please clear my credit.

Katherine - it appears you feel this site is one of the big three credit bureaus. This is not where you are. This site is a forum to assist people that have had issues with debts or creditors to talk and discuss this problems and get advice.

If you have items on your credit report that are incorrect, you will need to contact those credit companies directly. You can search Google for them and find their contact information at their own websites.

If you have anything else you have questions about, please feel free to ask.