Understanding Your Credit Score

RE:Understanding Your Credit Score

Marsha — Thu, 13 Mar 2008 11:00:00 GMT

I would like to know if I have a Notice of Default filed and I wait 85 days and the short sale does not go thru on my mortgage loan and I decide to get the money and pay it current how will it affect my credit and score? Will it show a notice of default filed?

RE:Understanding Your Credit Score

Co-signer gone bad — Wed, 09 Jan 2008 13:00:00 GMT

Does anyone know how much your credit score drops if your car gets repossesed. Yup, I'm the co-signer and it looks like the car is about to get taken away. I'm sure this is going to destroy my credit. I'm even looking into paying the amount that's owed and selling the car b/c I can't afford that note.

RE:Understanding Your Credit Score

Linda — Tue, 11 Sep 2007 11:00:00 GMT

How much will a credit score go up when a bankruptcy falls off.

RE:Understanding Your Credit Score

phillip — Sun, 24 Jun 2007 11:00:00 GMT

How long does a foreclosure stay on your credit history?

RE:Understanding Your Credit Score

Paul — Thu, 21 Jun 2007 11:00:00 GMT

Foreclosures are worse when applying for home loans, Bankruptcys are worse for applying everything else especially unsecured loans.

RE:Understanding Your Credit Score

Anna — Wed, 15 Nov 2006 13:00:00 GMT

How does foreclosure affect credit score and for how long?

RE:Understanding Your Credit Score

Karen — Sat, 04 Nov 2006 11:00:00 GMT

How long after a foreclosure will your credit report be affected and how will it affect the report.

RE:Understanding Your Credit Score

Alan Wendt — Thu, 07 Sep 2006 11:00:00 GMT

What your article doesn't mention is that the "Credit Score" reported by Experian and other web sites is not the same as your "FICO Credit Score". For exampe, bring up TransUnion's "truecredit.com", click on the explanation for "Credit Score" and you'll see the fine print:

RE:Understanding Your Credit Score

Alan Wendt — Thu, 07 Sep 2006 11:00:00 GMT

"TrueCredit is not connected in any way with Fair, Isaac and Company, the credit score provided here is not a so-called FICO score. The credit scores of TransUnion may not be identical in every respect to any consumer credit scores produced by any other company." Your mortgage company will use FICO so don't be surprised when your broker tells you that your FICO scores are lower than the ones you paid TrueCredit for. Just TransUnion's little present especially for you.

RE:Understanding Your Credit Score

Anonymous — Sun, 30 Jul 2006 11:00:00 GMT

So after paying for my credit score, I get a different number than the lender sees? Is that called "consumer fraud"? I have had this happen to me as well.

RE:Understanding Your Credit Score

Elizabeth Squiers — Mon, 17 Jul 2006 11:00:00 GMT

Can you tell me how foreclosure effects your credit score?

RE:Understanding Your Credit Score

bobo — Thu, 01 Jun 2006 11:00:00 GMT

Which is worse on a FICO score, bankrupcy or forclosure?

RE:Understanding Your Credit Score

John — Wed, 31 May 2006 11:00:00 GMT

Kathy, the FICO scores you buy for yourself are different than what lenders pull, even on the same day without any change in your credit. I strongly suspect what you buy personally from FICO is "hyped up" to a higher number to encourage you to buy their "$7.95 monthly FICO monitoring services". Lenders seem to know your true score because THEY hold the direct liability of the loan. Lenders have more to lose than a fluffed up score from FICO direct.

RE:Understanding Your Credit Score

Anonymous — Wed, 22 Mar 2006 11:00:00 GMT

When I pulled all three reports seperately I had great scores - 725-819 but when the mortgage company pulled the three together, my scores was a 100+ lower on each!! How does that happen? I was told that the reports I pull are never the same as the ones the bank pulls - how is that?

RE:Understanding Your Credit Score

Kathy — Wed, 08 Feb 2006 13:00:00 GMT

How long can items stay on your credit reports, example... in your account history... once a account is paid in full and has been closed... when will the past due marks not be able to be seen? And when will the old paid credit account go away? Thanks