shadu Posted December 3, 2007 Report Share Posted December 3, 2007 Hi ! I have been a TC member since long and lately i noticed that by updating the report my scores are dropping even though i have 2 inq on EQ, 6 inq EXP, 1 in TU and they are old and will be auto deleted in feb most of them except TU which is of July for SONY card besides those had been there since long but my score always climbed up to 701 in TU, 705 in EXP, 707 EQ. But in oct it started dropping and then I decided to unsubscribe for TC at that time my TU was 658 EQ 693 EX was 683. But after a month i joined TC again and updated my score for 2 times in 4 days and it has dropped again now TU=from 683 to 679, EX=from 685 to 676 EQ=from 693 to 679. And i have the same inq and my debt to income ratio is 16% no negative or collections. I dont get it whats wrong. Plus I wanted to bump my july inq on TU and it hasnt been bump yet in 4 mnts. It wasnt so bad before. I think now updating is decreasing the scores. Coz while i had a 1mnt hiatus my scores did jump up and as soon as i signed on 1st it started to decline.So my questions does anyone experience the same??? Pls let me knw coz i personally this there is something wrong.Any help would be appreciated.Thanks Link to comment Share on other sites More sharing options...
ShortBus Posted December 3, 2007 Report Share Posted December 3, 2007 1. Your FAKO scores mean zilch. Mine bounce around all the time for no apparent reason.2. One important thing you forgot to mention: What kind of activity have your accounts had? Obviously collections and late pays lower your score, but how are you doing on utilization? Link to comment Share on other sites More sharing options...
shadu Posted December 3, 2007 Author Report Share Posted December 3, 2007 1. Your FAKO scores mean zilch. Mine bounce around all the time for no apparent reason.2. One important thing you forgot to mention: What kind of activity have your accounts had? Obviously collections and late pays lower your score, but how are you doing on utilization?Only thing i bought lately is SONY CR series laptop in OCT for 1923 0% for 14 mnts n no payments, Which i am going to pay half of it by the end of this mnt.I dont have any collections and I have no late payments ever. One more thing during this 1 yr of TC on n off membership i see I have more than 100 pulls as of yesterday. Link to comment Share on other sites More sharing options...
lovebug5 Posted December 4, 2007 Report Share Posted December 4, 2007 I wouldn't suspect that pulling your report would cause your score to go down, as there aren't any other TC members reporting the same problems. As ShortBus said, your scores are going to yo-yo. If they're bouncing back and forth that much, there must be some type of activity hitting your report to cause this. Otherwise, it wouldn't make much sense. But again, focus on your FICO's and not your FAKO's...The FICO's are what matter. Link to comment Share on other sites More sharing options...
willingtocope Posted December 4, 2007 Report Share Posted December 4, 2007 Let me start by saying that I'm not a fan of any of the "credit monitoring" scams. What they're telling you is NOT what anyone who is thinking about offering you credit would see. So, knowing ahead of time that my answer is likely to be biased...Since federal law requires a CRA to maintain ALL credit inquiries for two years...and since its dawned on TU that by allowing people to pull their reports daily...and therefore, the TU database is adding more disk space at an alarming rate...it wouldn't surprise me to find that TU has decided to "punish" frequent pullers by factoring "number of pulls" into their FAKO score. Link to comment Share on other sites More sharing options...
shadu Posted December 4, 2007 Author Report Share Posted December 4, 2007 Let me start by saying that I'm not a fan of any of the "credit monitoring" scams. What they're telling you is NOT what anyone who is thinking about offering you credit would see. So, knowing ahead of time that my answer is likely to be biased...Since federal law requires a CRA to maintain ALL credit inquiries for two years...and since its dawned on TU that by allowing people to pull their reports daily...and therefore, the TU database is adding more disk space at an alarming rate...it wouldn't surprise me to find that TU has decided to "punish" frequent pullers by factoring "number of pulls" into their FAKO score.Well seems to be some point here..I thought the same..but ya also agree that its really hard to tell. We dont even knw how heck they configure our score's.But I do think that something must be done from the consumer side abt the inquiries... i.e. CB should stop punishing the consumer by lowering their scores if any inquiry is done, that's very unreal. Its obvious that if we need home,car or loan we might have couple of inquiries as to get a better rate so why punish us by chopping our score with every inquiry. This is disgusting.Anyways i am thinking to write a letter to one of the CB abt this matter but 1st i need to pull my FICO's. Sorry but whats the cheapest way to get the FICO's i guess 42-49 bucks are too much for all three and basically i just need the scores not reports coz I have them so is there a way i can order only FICOs?? pls let me knw... Link to comment Share on other sites More sharing options...
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