Hi everyone! How can I quickly boost my score with just equifax? I have heard that challenging negatives would boost the score immediately, before the investigation is completed. I need to boost my score from 640 to 660 ASAP. Thank you, Kellywelly
I think if you changed your name from "kellywelly" to "kellyw" you'd gain 30 points... Okay, seriously... disputing your negative TLs *could* get them ignored, but it's not automatic that they will be marked as disputed and if you've read some threads around here on how FICO works, you know that you can't trust FICO as far as you can toss it. Also, be aware that your negative TL being ignored could lower your score. I have a cap1 card that goes back to '94 that's negative - included in bankruptcy (or as the oldtimers say, "IIB". I don't dare dispute it aggressively, since it will drop nine years of history, and on EQ, it's my oldest account. Best bet for an instant score raise is to pay off your balances online, get them to under 10%, and then dispute the balances with the CRA. If it's your first time, they'll do it pretty quickly and depending on your utilization, you can go up a lot. Keep us posted on your progress, DannyWanny
What are you trying to accomplish? Sometimes disputing will temporarily boost your scores, however the TL's being disputed are still visible. So you may not accomplish what you think you are
Here is an example of how effective paying down your balances can be. Yesterday my PG FAKO was 695. Today it is 689. The only difference is: Orchard Bank: CL 2500 BL 1200 695 Orchard Bank: CL 2500 BL 1326 689 Since the new $126 change has posted to my CR it cost me 6 points, mainly cause it takes the card over 50%. If you have 3 revolving accounts you can pay down to 50%, I am sure you can pick up 20 points pretty fast.
I am trying to qualify for a student loan through key financial to send my son to a trade school. Key wants minimum of 660 and they pull equifax. I checked the score today after disputing some dupes and lates. No change in the score. I noticed that some old positive stuff is off of the report like 5 years of on time car payments. How can I get that back on the report? I just stumbled on this site...I think I should go to the library (just noticed the library) before I trouble you kind folks with these newbie questions you have probably answered a hundred times! Thank you, Kellyw Kellywelly
I think your only route for a postive TL that's closed is to contact them and ask them to update their info. They may not be willing to do so, but once you've had it drop off your CR you've got nothing to ask the CRA .
Paying down your balances will work (it did for me), if you are looking for quick results. There is about 100 points difference between being maxed out and having utilization under 10%. There is a score simulator on myfico.com which is pretty accurate. You want to get the balances reduced before the next statement date as that will be the amount reported and used for the utilization.
