oldgreytruck Posted October 13, 2008 Report Share Posted October 13, 2008 Hello. I looked around, but was unable to find an answer for this. My credit report is showing no score. I had one a couple years ago, with many derogatory items showing. Now, the score has been shut off. All but 3 small items have now been removed, but I still have no score.I understand that I have to do something in order to turn my score back on. I plan to get a secured credit card for sure. I also have a 2+ yr payment history on an escrow account that does not report. This payment is a construction loan on my house, and is pretty good. So my questions are:How do I go about getting this added, so my account will show me as a homeowner with a payment history? Will doing this give me a score?I am doing all this in order to get a refinance on my house, in order to get rid of my high interest construction loans. Any other helpful information would be greatly appreciated. Thank you. Link to comment Share on other sites More sharing options...
scorch Posted October 13, 2008 Report Share Posted October 13, 2008 Yea a credit card should put some good stuff on your Credit reports. Link to comment Share on other sites More sharing options...
tommy32 Posted October 13, 2008 Report Share Posted October 13, 2008 Your credit score is not "shut off", when you get your free credit report they don't just give that to you you have to buy it. If you have credit you have to have a score. They range from 300-850 If you do a google search you will find lots of information on credit scores.As far as adding the payments to your credit history, I don't have a concrete answer, however I would call/write the Escrow account Bank/or company and see if they can report this to the big 3. It wouldn't hurt to do that, and I don't see why they wouldn't do that...If you don't pay it they darn sure will report you a baddie....good Luck.... Link to comment Share on other sites More sharing options...
oldgreytruck Posted October 13, 2008 Author Report Share Posted October 13, 2008 I did pay for the report, but each score says something to effect of "Not available, insufficient or unknown credit." or "File not scored because of insufficient credit." Link to comment Share on other sites More sharing options...
scorch Posted October 13, 2008 Report Share Posted October 13, 2008 I did pay for the report, but each score says something to effect of "Not available, insufficient or unknown credit." or "File not scored because of insufficient credit."What Tommy was saying is that you would have to pay for your score as well. There should be a number to call on each CR. Link to comment Share on other sites More sharing options...
CleverCynic Posted October 13, 2008 Report Share Posted October 13, 2008 I did pay for the report, but each score says something to effect of "Not available, insufficient or unknown credit." or "File not scored because of insufficient credit."If it specifically stated those lines, then you probably did try to buy a score. I've never heard of a score being "shut off" per se, and see no reason why you wouldn't have one with at least one trade line. You should assume that your actual score, if produced, is probably around 450 without any supporting good credit. Unfortunately, the only way your lender could report is to set up expensive accounts with one or more of the bureaus and they're probably not going to do that. As an alternative, you can ask for a certified letter of your good payment history and submit it with loan requests to the bank to see if they will consider it. The last thing available is a secured card which you should do right away, even if it is a small amount like with Orchard or similar to get some positive movement. Then creditors such as target will consider you since they like to see at least one other positive trade line seemingly without regard to actual score, but that may take a year. Link to comment Share on other sites More sharing options...
oldgreytruck Posted October 13, 2008 Author Report Share Posted October 13, 2008 When I set up a secured account, does it matter who I do it with? Is a larger amount better than a smaller one?Are two $500 accounts better than one $1000?If I set one up, is there a rough estimate of how it will affect my score? Link to comment Share on other sites More sharing options...
CleverCynic Posted October 13, 2008 Report Share Posted October 13, 2008 Unless something has changed over the last few months that I missed in my absence, Crown Jewelers will grant a credit line with no credit check, which will be a start. Orchard will do a secured account for as little as $200 which is why I mention them. Others either won't do it at all or it will have to be larger. Given the choice I would do two $500 accounts since you need to even out your bad TL's with good TL's. Your utilization percentage will be the same regardless of how you do it though, so keep both balances low. I would predict the initial effect on your score to be quite large. Really low scores are very "impressionable". G'luck! Link to comment Share on other sites More sharing options...
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