Russ Smith

Signing the lease on a new apartment they made copies of our credit checks for us, my score was 817, my girlfriends is 822. When I bought my car in 2003 I am damn near positive they told me my score was 830. On my printout the negative marks include one that says too many recent transactions(forget the exact wording). If I'm understanding correctly, did my score go down 13 points solely because I took out a car loan in 2003? Nothing else has changed, don't carry credit card balance, no real difference but that car loan, which is paid on time and in fact I typically pay more than required.

I guess I didn't realize ANY loan was considered somewhat negative even if you're paying it off as intended?

My girlfriend had a negative mark that said balances were too high, her credit card had a $105 current balance but like me she pays it off every month so the amount is really irrelevant, and 105 is pretty small?

__________________
“Your expectations always exceed outside expectations. I feel like you just can’t stop working, can’t stop getting better, because I’ll be a failure in my eyes before I’m a failure in someone else’s eyes.” -- Arron Afflalo

Divide Et Impera

Quit yer bitchin, Mister "Oh, I'm an 800+ FICO and I just don't understand what happened to my 13 points"!!!!!!!

__________________
Quintus: People should know when they are conquered.

Maximus: Would you, Quintus? Would I?

Divide Et Impera

BTW, a car loan from 3 years ago will not cause that. Chances are that the credit reporting agencies are scoring things differently now than they were back then, or it's just that your Auto score is higher than your FICO. Those are 2 different things....

__________________
Quintus: People should know when they are conquered.

Maximus: Would you, Quintus? Would I?

Divide Et Impera

Sorry to post 3 times in a row, but I'm gonna start calling you "the guy who can only finance Aruba now instead of Seychelles because his credit dropped 13 points"....

__________________
Quintus: People should know when they are conquered.

Maximus: Would you, Quintus? Would I?

Russ Smith

That makes sense I knew there were more than one source for a score but it hadn't occurred to me they might be different.

I was mainly wondering if ANY loan automatically reduces your score it sounds like that's not the case?

__________________
“Your expectations always exceed outside expectations. I feel like you just can’t stop working, can’t stop getting better, because I’ll be a failure in my eyes before I’m a failure in someone else’s eyes.” -- Arron Afflalo

Cardinals.Ken

Have you, or any other business entity, made requests for a full credit report? Full credit reports requests will adversely effect your rating as a recent transaction.

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Moses parted the Red Sea, Oppenheimer split the atom, but dotKen cut the crap. - Steve Antczak

Russ Smith

I did one of those free credit report.com ones a few months ago when I was wondering about possibly trying to buy a house, but I didn't pay for the credit score portion just the free portion.

__________________
“Your expectations always exceed outside expectations. I feel like you just can’t stop working, can’t stop getting better, because I’ll be a failure in my eyes before I’m a failure in someone else’s eyes.” -- Arron Afflalo

Divide Et Impera

If you happened to submit an application to Lending Tree, or something, you may have been shotgunned....

__________________
Quintus: People should know when they are conquered.

Maximus: Would you, Quintus? Would I?

Cardinals.Ken

Paid or free, if your credit report listed creditors and balances, it hit your score.

One of those things that the credit industry doesn't want you to know...

__________________
Moses parted the Red Sea, Oppenheimer split the atom, but dotKen cut the crap. - Steve Antczak

bankybruce

That is not true, I use transunions triple monitor that shows balances and creditors and i run it once a week since i am rebuilding my credit and it does not show up as a inquirey. And when I looked a detailed reports recently through all 3 to make sure the transunion one was acurate each one had a section of self run report. That can only be seen by me according to transunion, equifax and experian and does not effort your score.

Plus with as much as I run it my socres would not go up as they are at a great pace.

__________________
"That kid is back on the escalator"
Brodie Bruce, Mallrats
"What's a nubian" Banky Edwards, Chasing Amy

CaptTurbo

Man I have spotless credit and have a 790. Cant imagine what I can do to get over 800.

Ryanwb

Isn't 850 as high as you can get?

Russ Smith

Yes I think that's the highest. I was actually surprised my girlfriend's score is higher than mine since I earn more, and she's had less history(Basically just a carloan and rent and credit cards) but we both pay have the same philosophy about paying balances every month and paying down loans as fast as we can.

Will come in handy when we go and try to get a house at some point.

__________________
“Your expectations always exceed outside expectations. I feel like you just can’t stop working, can’t stop getting better, because I’ll be a failure in my eyes before I’m a failure in someone else’s eyes.” -- Arron Afflalo

CaptTurbo

I think my score is hurt because during my 7 years in the army I just used cash and didnt have rent.

Divide Et Impera

Are you still active duty? Are you saying that you do not have a FICO score?

__________________
Quintus: People should know when they are conquered.

Maximus: Would you, Quintus? Would I?