I've been working hard to repair my credit for a full year to date. It seems like nothing I do is improving my score in any significant way. So, I'm wondering if there isn't a "hidden" credit file with my old, bad accounts associated with my current credit report. Maybe FICO has some kind of hidden access to the old data. Paranoid thinking? Before I began my credit repair, my Equifax FICO was 563. After having 13 negatives removed and only three negatives left, my report has incresed by a measley 41 points! Plus, I've added five new positive accounts over the last 12 months. Currently, I have 15 positives, 3 negatives (over 2 years old), and all of my current accounts are in excellent standing. So what gives? Why isn't the FICO reflecting my current credit behavior? I've been following all the suggestions on my three reports as to how I can improve my score. But it seems to me I could have done nothing over the last year and would have probably gained 41 points anyway. This sucks. Calmest_LA EQ...604 EX...611 TU (transFusion)...504
Well, I have been working on my credit for the same amount of time and even though the credit repair firm removed a few things, the scores have dropped dramatically. So, I have less things on the report than when I started and the scores are lower.
I'm taking a stab in the dark but since you opened 5 new accounts that might be it, as well as the five inquiries. If the accounts are new, say less than 6 months old then that would more than likely have an effect on the score. Also, what's the balance to credit line? If it's over 80% that's not good - my wife had a score of 580 in April even though she's never missed a payment. Simply put - she was overextended. We're about to consolidate her accounts this week so I can't wait to see her score next month... GT
IT'S RIGGED...how else could one (ME) pay off $30,000 of credit card debt in one month, and LOSE F.I.C.O. points???
My score dropped 87 points in one day with the only change being that I had paid down about $3K in debt. Go figure.
