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I f'ing hate credit scores!!!!

Posted by Anonymous
  • 35 Replies
Let me preface this with I was young and dumb at one point in time. My parents never took the time to teach my about finances or credit scores. I joined the military right out of high school. That paycheck was basically gone by the time I got paid next. I did stupid things and I take responsibility for that. When I grew up and found a mentor to help me become a responsible adult I started working on cleaning up my act. I tore up the one credit card I had. I paid off my car. I started saving.
I'm married now. We have a daughter. We are tired of renting. I checked my credit score on the site I pay for to track my credit. According to that my credit score is 620. Nothing to brag about but it's fair. I called a VA loan specialist today. The rep runs my credit and tells me it's only at 590. Wtf????
I'm pissed. I'm pissed because I pay 1750 a month for rent. I haven't been late on a payment in years. I've done well. We have saved and are currently sitting on 15 grand for a down payment. But they won't give me my VA home loan. I'm wasting my money every month by renting. And according to the credit report I get I am definitely qualified.

Sometimes e please explain this to me. I've cleaned up my act. What else do I need to do to raise my credit score by 30 points???
Posted by Anonymous on Apr. 11, 2016 at 4:00 PM
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by on Apr. 11, 2016 at 4:04 PM

Depending on what you are applying for, there are MANY scores that lenders look at.  Financing a car looks at different factors than a house, and they all score differently.  Is there a way you can ask the VA specifically what report and by what reporting agency they are looking at?

by Sapphire Member on Apr. 11, 2016 at 4:04 PM

You need to check all three credit report companies and get anything in collections paid and then work on rebuilding your credit.  Get a credit card and only put gas on it and pay it off every single month.  This will help raise your credit score slowly.

by Platinum Member on Apr. 11, 2016 at 4:04 PM
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Rent will not effect your credit score, unless you are late and get a judgement against you.

Do you have credit cards now?  The only way to increase your credit score is to build up a history of on-time payments.  I had to rebuild from scratch after the douchepocalypse destroyed my previously perfect credit.  I started with a few store cards.  I'd charge something and pay off half of it every month.  Never was late.  Eventually got a bigger card, did the same.  It's been a LONG haul, but it's slowly creeping back up into the above average range.

by on Apr. 11, 2016 at 4:06 PM

Many people talk about credit scores as though you only have one, but the truth is a little more complicated. In reality, you can have hundreds of scores. Here's why.

1. Multiple credit reports means multiple credit scores.

Your credit scores are calculated using information from your credit reports, which you can get from the three major credit bureaus -- Equifax, Experian and TransUnion.

Because each bureau may have different information about you, your scores from each bureau can differ. These discrepancies exist because some lenders don't report to all three bureaus, and the bureaus may not update your reports at the same time.

2. There are two main credit scoring models used to calculate credit scores.

The bureaus use credit scoring models to turn your credit report into a three-digit score that indicates your creditworthiness.

Currently, the three major credit bureaus use two main models: FICO and VantageScore. This means that you can have both VantageScore scores and FICO scores from each bureau, and lenders can choose which model they'd like to use. Currently, most lenders -- around 90 percent -- use FICO scores, while roughly 10 percent use VantageScore.

And these models are just the most popular ones in use. There are other models out there that lenders use, including ones they've created themselves.

3. Each scoring model can have multiple variations.

There are a few main reasons both the VantageScore and FICO models have many variations:

  • The models have been updated over the years. Both FICO and VantageScore have released updated versions of their models over time. FICO, for example, has released nine updates of their basic scoring model while VantageScore has three. The older versions of these models are still used by many lenders.
  • Each model has versions tailored to specific purposes. In addition to providing generic scoring models, both VantageScore and FICO provide specialized models that assess the risk of providing mortgages, auto loans, bank cards and installment loans.

These variations in scoring models mean that, for example, if you were to apply to for a mortgage with two different lenders, each lender might receive a different score when deciding if they should approve you.

And both of those scores may, in turn, be different from the scores they use to determine if you're worthy of an auto loan or credit card.

4. Lenders often calculate their own scores.

FICO and VantageScore also provide their scoring models to lenders, who frequently tweak the algorithms to serve their own needs. So, in addition to the dozens of scores calculated by credit bureaus, many lenders have their own individual scoring methods.

Do I need to follow all my scores?

While you may feel like you need to follow all your scores to keep your finances in check, keeping tabs on all of them may not be possible, since most -- including the tailored models -- are only provided to lenders.

Instead, try following at least one or two of the scores made available to consumers, and take note of any large changes you see. Because your scores are derived from mostly the same information, a change in one score often indicates a change in the others.

Bottom Line

Even though some people might believe you only have one score, you can have dozens -- or more! But don't let that fact worry you too much. It would be impractical to track every single score you have, so consider following at least one or two instead.

by Anonymous 2 on Apr. 11, 2016 at 4:08 PM
You need a credit card or a loan. Get one and use it for gas or something every but make sure you have the money to pay for it. At the end of the money use the money and pay off the card. It sounds silly but it will raise your credit score. We went from a 630 to now dh has a 803 and I have a 815.
by kid crack dealer on Apr. 11, 2016 at 4:08 PM
There are three different credit bureaus so they're likely using a different one than you are. Get a credit card & use it for a necessary purchase each month & pay it off when the bill comes & your score will go up pretty quickly.
by on Apr. 11, 2016 at 4:08 PM
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Go to The site can tell you what is affecting your credit score negatively and what you can do that will have the most impact on it.
by Anonymous 3 on Apr. 11, 2016 at 4:09 PM
Apply for a credit card. Charge $50.00/mo, then pay the balance each month. It sounds like you don't have any recent credit history to show you can make payments. I pissed my credit away when I was younger. I bought a car (high interest rate tho), got one major and one Macy's card. After two years credit became stellar. I had no recent charge off's tho.
by Bronze Member on Apr. 11, 2016 at 4:10 PM
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And it's free! :)

Quoting casah4: Go to The site can tell you what is affecting your credit score negatively and what you can do that will have the most impact on it.
by Anonymous 4 on Apr. 11, 2016 at 4:11 PM

This is what I have used. It won't work on past rent.. just from this day on unless you pay fees for each past month. I started using this about 6 months ago and  my score has improved. You have to pay to use the service but it  documents your rental payments showing that you have a made payments and are current and steady payments.  Rental Kharma   

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