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     | Wednesday, March 28, 2001 - 08:27 am  Anyone know how tough it would be to improve FICO score 25-30 points in the short term? My report stated I had a current collection, which was incorrect and is being removed and high balance to limit ratios on credit cards (almost maxed out). Once the collection is cleared up, I get my credit card balance to 75-80% and make sure I pay on time for the next few months, does anyone know if it is possible for this to improve the FICO score by 25-30 points? I have heard that these are the kind of deficiancies that most impact your score and I am trying to get it up so I can qualify for better lending scenarios.
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| | Wednesday, March 28, 2001 - 11:14 am Not having seen your reports I can't say for sure, but in general removing the collection will be a big impact if it's they ONLY collection and of course paying down the balances or increasing the limits also greatly helps.
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| | Thursday, March 29, 2001 - 01:37 am Christine,I read some where that your fico score is not all that creditor's look at when you apply for a loan.Well I've got news for you that's all they looked at when we went for a car loan.The dealer put the paper's on the table saying,it does'nt look good folks,here's your number.I told him he was wrong(having seen my number prior to going to dealership).As it turns out someone at trans union accidentally?,keyed us in as having filed for backrupcy back in january(which we never did).I found this out when we applied for a refinance and they kept turning us down,mortgage guy said he couldn't figure it out because we had no late payments and no outragous debt.they traced it back to trans union.Is this common?What do I do now?We did get the refinance and the new car,but this has been going on for months.
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| | Thursday, March 29, 2001 - 03:41 am You send a dispute letter to Trans Union saying you never filed bankruptcy and in 30 days they'll send you something back. Hopefully what they send back will say that they investigated the matter and realized that you didn't file bankruptcy. Or they might come back saying it was verified, in which case you need to continue to try until they actually break down and investigate the matter and get it removed.
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| | Thursday, March 29, 2001 - 08:30 am Yeah, you can do the mailing thing, or you can just get on the phone with TU and ASK what they're doing. From Order Credit: To reach a PERSON if you already have your report: 800-916-8800 6:30 AM to 6:30 PM MON - FRI Pacific time closed on weekends. Fax for dispute documentation: 714-447-6032 ------------------------ Please let me know if any contact info changed so I can update that page. I'd sure like to know what they have to say.
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| | Thursday, March 29, 2001 - 03:56 pm Shylock and Chritine,sorry about the quickie letter this mornin,just wanted a little advice,I have a little more time now to give a few more details.apparently our mort. guy could'nt understand why fico score was so low,as I said report itself looked fine,when he asked someone at TU to look into it,he said it took 8 hours manual labor to trace it back to a wrong number keyed in.Apparently you could not see any bankrupcy on the report,no liens,no anything,just a low number.I asked him if I should call TU and he said no,after he spoke to them the problem should be taken care of.Quite frankly I don't trust any of them anymore.It's really scary to think your efforts to keep a good record can be wiped away by one persons careless mistake.I can't do anything till monday as by the time I get home from work they are closed.I know mort.guy said I didn't have to but I think I would feel better talking to someone and finding out where I stand.Any advice on what to ask or say?
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| | Thursday, March 29, 2001 - 06:19 pm That's that strangest thing I've ever heard. BUT, it doesn't surprise me at all. After all, it's the reason why I'm so strong on getting the formula for scores so that we can check on these things. Too many scores don't make sense. I really have NO idea what happened to your report. Try to get a WRITTEN statement explaining to you what exactly occurred. Unfortunately, I find that I'm being lied to much more often than I hear the truth when it comes to credit reporting and scoring. I'm having the toughest time getting creditors, collectors and credit bureaus to put anything in writing.
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| | Thursday, March 29, 2001 - 06:38 pm The reason would definitely show up on the reason codes. Something like "Serious delinquency, derogatory or public record filed." Then you'd look around and say, "What could account for that?"
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| | Friday, March 30, 2001 - 01:36 pm My mortgage credit reports (to 1997) never showed any factors.
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| | Tuesday, April 03, 2001 - 10:42 am Hi Christine and Shylock,just wanted to let you know I did call TU, basically, they're blaming the mortgage co. and the mortgage co. is blaming TU.Apparently the mortgage co. was listed as being included in a bankrupcy (which we never filed for).As soon as the women from TU pulled up our file she saw something was wrong,she said bankrupcies do not have outstanding balances nor current payment histories,so she filed a consumer complaint for me and the paper work is being sent out today.I also called the mort.co.,of course they blamed TU and they too are sending me out a letter stating the error.I told both of them I don't care who's fault it was just fix it!!!! Also the bankrupcy was never on experion nor equifax report's.And no other account showed any bankrupcy either.Kinda scary ain't it?????You would think there would be a red flag on an item that showed current and bankrupt at the same time??DUUUHHHH!!!!!!!!!!hope to hear from you soon,thanks for all your help so far
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| | Tuesday, April 03, 2001 - 12:22 pm It looks like another credit reporting error. It's NOT TU's fault, apparently the mortgage company reported INCORRECTLY. What's really scary is that you don't know about these "errors" until you apply for credit and get declined because of low scores.
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