Jump to content

Best Guess-a-ment on fico scoring


barney34
 Share

Recommended Posts

I was wondering if anyone has a link or information on credit scores. Examples:

Paying mortgage on time = +1 point

Paying car loan = +2 point

30 Day late on credit card = -5 point

I thought I read somewhere if you pay your house and car each month you get about 8 points as someone was guessing. Educated guess, experience, ect. Anything........ Thanks

--Barney34

Link to comment
Share on other sites

I have a friend, Mr. Isaac, but I call him Fair, I think he would know the answer to your question. Unfortunately, not too many other people will. It varies greatly.

You can't say a 30 day late will take away x number of points because it depends on how many of them you have, especially how long ago this 30 day late happened, your other credit history, etc. One 30 day late being taken away may help someone by 20 points if they have a score of 520, maybe only 7 if their score is 680. Inquiries are generally 2-5 points each. Again, depending on the number of them, how old they are, etc.

Link to comment
Share on other sites

Guest
This topic is now closed to further replies.
 Share

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.. For more information, please see our Privacy Policy and Terms of Use.