Mortgage Causes HUGE FICO jump

Discussion in 'Credit Talk' started by kustomkat, Aug 1, 2002.

  1. kustomkat

    kustomkat Well-Known Member

    I know a lot of people have posted including me wondering how much their fico will jump when they get a mortgage.

    I was disapointed when I got my mortgage in 8/01 and it didnt show up on any of my reports till about 11/01. Then after being sold numerous and not updating I never recieved any score increase.

    Well now my mortgage (1st and 2nd from 0 down loan) is showing on all my Credit Reports open 8/01 and Never late, pays as agress, blah blah blah.

    Today I experienced a 21 pt jump on my equifax fico score from 723 to 744. NO changes except age of mortgage to one year.

    and on the wonderful credit non expert F.A.K.O score a 12 pt bonus from 675 to 687 with no changes except my mortgage is a year older.

    My only conclusions is that my mortgage gave me a nice bump...


    Kev
    700 clubber
    EQ 744 from equifax today
    EX 721 (from recent mortgage app)
    TU 710 (from recent mortgage app)
    Credit NON Expert 687
    E-Loan 620 hahahahahahahaha
     

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