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Posted: 1/2/2022 4:50:58 PM EDT
[#1]
Which FICO OP? They can vary like this
Attached Fileenshot_20211221-150551_Chrome_jpg-2226000.JPG" />  Attached FileWhich FICO OP? They can vary like mine -  Attached File Attached File Attached File |
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Posted: 1/2/2022 4:54:31 PM EDT
[#2]
Quote HistoryQuoted: Installment loans are NOT required to have a very high score. When you pay off an installment loan your score does not take a "big" drop. Mine was minor and recovered completely within 4-5 months. You are speculating without any evidence on Dave Ramsey. Dave said multiple times that he paid cash for the home. You are calling him a liar with nothing to back that up? We call that "talking out yer ass".   https://www.youtube.com/watch?v=LQCU36pkH7cQuote HistoryQuoted: Quoted: Only scores that matter are your FICO scores, people get surprised when they get a house and see they aren’t t using their credit score which is always higher than your FICO scores. Mortgage will use the middle lowest score between you and spouse. You can have a high score but have a thin credit profile, that’s why credit cards revolving debt is needed for a strong credit report along w one installment loan. People are always in rush to pay off their installment loans car, personal, school, mortgage but other than no longer having that installment you’ll have a big score drop due to the age, history and closed account. Dave Ramsey who all of you love bought a $13 million dollar mansion, you think he paid cash? Guarantee he got mortgage loan and uses credit cards like everyone else. Installment loans are NOT required to have a very high score. When you pay off an installment loan your score does not take a "big" drop. Mine was minor and recovered completely within 4-5 months. You are speculating without any evidence on Dave Ramsey. Dave said multiple times that he paid cash for the home. You are calling him a liar with nothing to back that up? We call that "talking out yer ass". https://www.youtube.com/watch?v=LQCU36pkH7cNever said installment loans are required for a high score, they are needed for a good credit mix. Some people do have a big score drop when paying off installment loans. |
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Posted: 1/2/2022 4:54:45 PM EDT
[#3]
Credit Karma; et al are bullshit.
They said I was an 812/801. I went and bought a truck and they pulled my credit and I was and 855. Same day... |
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Posted: 1/2/2022 4:59:00 PM EDT
[#4]
Quote HistoryQuoted: Credit Karma; et al are bullshit. They said I was an 812/801. I went and bought a truck and they pulled my credit and I was and 855. Same day... That's already been covered in this thread. Different types of lenders use different scoring models, and always have. Some range from 0-850 and some from 0-900. Even credit karma explains this they are are using the VantageScore 3.0 method. It is published right there on the main scoring page, with an explanation:  
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Posted: 1/2/2022 5:17:10 PM EDT
[#5]
Quote HistoryQuoted: My credit score was 630 and I bought a home at 2.6% APR last year It was in the high 500s as well as my wife's, and we got the 0.9% financing on a 2020 Subaru outback. Tell me again credit scores matter? Ok . Credit scores matter because it helps determine what rate you get if you borrow money for a house or car. 
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Posted: 1/2/2022 5:58:24 PM EDT
[#6]
Quote HistoryQuoted: Which FICO OP? They can vary like this https://www.ar15.com/media/mediaFiles/493937/Scre enshot_20211221-150551_Chrome_jpg-2226000.JPGhttps://www.ar15.com/media/mediaFiles/493937/Screenshot_20211221-150715_Capital_One_j-2225998.JPGWhich FICO OP? They can vary like mine - https://www.ar15.com/media/mediaFiles/493937/Screenshot_20211222-132536_NASA_FCU_jpg-2225989.JPG https://www.ar15.com/media/mediaFiles/493937/Screenshot_20211221-151049_Merrick_Mobil-2225992.JPG https://www.ar15.com/media/mediaFiles/493937/Screenshot_20211221-150935_Citi_Mobile_j-2225994.JPG Experian. Can I access my FICO score on the other two agencies? Also, if I call my CC company will they tell me when they report to the three reporting agencies? If so I'm thinking I can manually pay off the card prior to this happening. |
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Posted: 1/2/2022 6:05:00 PM EDT
[#7]
Apparently only my wife ,my kids - all of who I have to co-sign for - and the bank only care about my credit rating......I haven’t cared for 40-years since I learned to not buy shit I can’t pay cash for. Never had a problem when I ... I mean THEY , needed a loan.....
I hate it. Not so much the kids as the wife.....since I have to listen to her bitch / whine about HER poor credit score and her always asking me to add her to my credit cards and help her fix her credit or - the latest- co-sign on a new 4-runner. Only the last time I did something like that I had to pay off $17k in her debt on a HELOC when we sold our last house. So fuck that.. Just one of the reasons I’m strongly considering making her my ex-wife. That being said.... I do have a couple of credit cards I use regular for convenience.which get payed off monthly. And a mortgage. |
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Posted: 1/2/2022 6:07:34 PM EDT
[#8]
Quote HistoryQuoted: Apparently only my wife ,my kids - all of who I have to co-sign for - and the bank only care about my credit rating......I haven’t cared for 40-years since I learned to not buy shit I can’t pay cash for. Never had a problem when I ... I mean THEY , needed a loan..... I hate it. Not so much the kids as the wife.....since I have to listen to her bitch / whine about HER poor credit score and her always asking me to add her to my credit cards and help her fix her credit or - the latest- co-sign on a new 4-runner. Only the last time I did something like that I had to pay off $17k in her debt on a HELOC when we sold our last house. So fuck that.. Just one of the reasons I’m strongly considering making her my ex-wife. That being said.... I do have a couple of credit cards I use regular for convenience.which get payed off monthly. And a mortgage. You and your wife keep your finances completely separate? |
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Posted: 1/2/2022 6:46:48 PM EDT
[#9]
I just used capital ones credit wise score simulator and if I buy a house for $1,000,000 and take a mortgage on it, my score goes down 10 pts
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Posted: 1/2/2022 7:32:05 PM EDT
[#10]
Quote HistoryQuoted: Experian. Can I access my FICO score on the other two agencies? Also, if I call my CC company will they tell me when they report to the three reporting agencies? If so I'm thinking I can manually pay off the card prior to this happening. https://www.myfico.com |
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Posted: 1/2/2022 7:54:16 PM EDT
[#11]
Quote HistoryQuote HistoryQuoted: Quoted: Experian. Can I access my FICO score on the other two agencies? Also, if I call my CC company will they tell me when they report to the three reporting agencies? If so I'm thinking I can manually pay off the card prior to this happening. https://www.myfico.com You can get equifax and transunion for FREE with creditkarma. |
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