     Patricia Holly (Househunting) | Tuesday, March 20, 2001 - 04:54 pm 
I got my score with serious delinquency, length of history, amount of credit used, and number of inquiries as reasons.
It was exactly what I expected frankly. I have some very low credit limits 700-1000 on 4 or 5 cards. I travel a lot and run up the bills and pay them off. (I am 90% maxed right now.) If they report in between getting billed and paying it, I look like I am maxed out. This is the case today. I have 6 hard hits in the past 12 months and 8 total for the past 24 months. I have 2 charge offs from 95, although I suspect the date being used is last reported on, not the charge-off date.
My plan? Get a secured high limit card and keep my others down to 20% use no matter what. Apply for nothing else. Hope and pray Lexington can get those paid charge-offs deleted. Anyone think that might get me to 680 in 6 months to a year so I can finally buy a house?
Any insight based on what you've seen so far is appreciated. Also, how strange that QSpace got the score almost right? Fluke? or maybe they are not as bad as I had thought.
This is great. Now I can make the changes in my habits and see how much they truly matter. |
| Christine Baker (Admin) | Tuesday, March 20, 2001 - 06:18 pm
Patricia,
I have 2 charge offs from 95, although I suspect the date being used is last reported on, not the charge-off date.
Getting that fixed is most important. ** I ** would demand removal of the these accounts. Either that or they can pay the damages for ruining the credit by INCORRECT reporting all these years. I think they'd rather remove themselves.
It's pretty sad that after Lexington and Junum those accounts are still reported incorrectly.
And regarding the balances, I just moved Zachary's identical question to it's own topic. Maybe we can figure out how the balance reporting works.
Because I mostly look at OTHER peoples' reports, I don't know where the reported balances come from. |
| MV (Mel) | Wednesday, March 21, 2001 - 05:49 pm
I just posted this under Zachary's post but I'll say it here too.
I'm pretty sure they use the balance on your statement closing date and that's what they report. So I guess it's best to make sure your payment gets there a few days before your statement closes if you want it reported to the CRA's as a $0 balance. |
| Maurice (Maurice) | Wednesday, March 21, 2001 - 05:58 pm
Equifax says my Beacon score is 730. QSpace said my score was 728 last month. |
