Go Back  British Expats > Living & Moving Abroad > USA
Reload this Page >

Upping my credit score

Upping my credit score

Old Feb 7th 2016, 6:37 pm
  #31  
Bob
BE Site Lead
 
Bob's Avatar
 
Joined: Aug 2004
Location: MA, USA
Posts: 92,167
Bob has a reputation beyond reputeBob has a reputation beyond reputeBob has a reputation beyond reputeBob has a reputation beyond reputeBob has a reputation beyond reputeBob has a reputation beyond reputeBob has a reputation beyond reputeBob has a reputation beyond reputeBob has a reputation beyond reputeBob has a reputation beyond reputeBob has a reputation beyond repute
Default Re: Upping my credit score

Originally Posted by NZBee
I was told that this wouldn't work and that only my credit rating would be affected (and I know this has happened in Australia, as I regularly track my credit rating, and hubby is supplementary on a card I have here...his credit rating is not affected).
Yes and no.

As Pulaski, mentioned above, things were changed to stop people from building credit history off of someone else, but since then, it has some what changed back, in that you can build history if you are a close tie, so immediate family member. Also need to be added as an additional user. Each bank/card might do that differently though.

So yes, you can build up your own history by piggy backing off someone else, but it can't be a random person.
Bob is offline  
Old Feb 7th 2016, 7:04 pm
  #32  
Lost in BE Cyberspace
 
mrken30's Avatar
 
Joined: Jul 2008
Location: Portlandia Metro
Posts: 7,425
mrken30 has a reputation beyond reputemrken30 has a reputation beyond reputemrken30 has a reputation beyond reputemrken30 has a reputation beyond reputemrken30 has a reputation beyond reputemrken30 has a reputation beyond reputemrken30 has a reputation beyond reputemrken30 has a reputation beyond reputemrken30 has a reputation beyond reputemrken30 has a reputation beyond reputemrken30 has a reputation beyond repute
Default Re: Upping my credit score

Also credit scores vary widely, mu capital one score is the lowest, amex is the highest, all the other are in between. The difference between the highest and lowest is about 100 points
mrken30 is offline  
Old Feb 7th 2016, 7:35 pm
  #33  
 
Pulaski's Avatar
 
Joined: Dec 2001
Location: Dixie, ex UK
Posts: 52,397
Pulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond repute
Default Re: Upping my credit score

Originally Posted by mrken30
Also credit scores vary widely, my Capital One score is the lowest, amex is the highest, all the other are in between. The difference between the highest and lowest is about 100 points
As usual, your post makes little sense. Amex and Capital One are credit card issuers not credit scoring agencies.

All credit companies banks, card issuers, loan companies etc. have their own proprietary internal credit scoring models, which may or may not look anything like a FICO credit score - people could be scored on a scale of 1 to 100, 100 to 1000, or 73 to 317. As the internal models are proprietary they don't have to conform to any external standard or expectation of what a credit score "should" look like.

Credit companies also usually use one or more of the three big credit scoring agencies. The three are: Equifax, Experian, and Trans Union. It is these scores calculated by the three credit rating agencies that are generally referred to as "your credit score", aka "your FICO score". My three scores are usually within about 20-25 points of each other.
Pulaski is offline  
Old Feb 7th 2016, 9:43 pm
  #34  
Account Closed
 
Joined: Aug 2002
Location: Kentucky
Posts: 38,865
ian-mstm has a reputation beyond reputeian-mstm has a reputation beyond reputeian-mstm has a reputation beyond reputeian-mstm has a reputation beyond reputeian-mstm has a reputation beyond reputeian-mstm has a reputation beyond reputeian-mstm has a reputation beyond reputeian-mstm has a reputation beyond reputeian-mstm has a reputation beyond reputeian-mstm has a reputation beyond reputeian-mstm has a reputation beyond repute
Default Re: Upping my credit score

Originally Posted by mrken30
Also credit scores vary widely, mu capital one score is the lowest, amex is the highest, all the other are in between. The difference between the highest and lowest is about 100 points
Your posts are so seriously full of shit information, I can't fathom why a moderator hasn't banned you yet. Perhaps it's the entertainment value you offer?

Ian
ian-mstm is offline  
Old Feb 7th 2016, 10:59 pm
  #35  
Lost in BE Cyberspace
 
mrken30's Avatar
 
Joined: Jul 2008
Location: Portlandia Metro
Posts: 7,425
mrken30 has a reputation beyond reputemrken30 has a reputation beyond reputemrken30 has a reputation beyond reputemrken30 has a reputation beyond reputemrken30 has a reputation beyond reputemrken30 has a reputation beyond reputemrken30 has a reputation beyond reputemrken30 has a reputation beyond reputemrken30 has a reputation beyond reputemrken30 has a reputation beyond reputemrken30 has a reputation beyond repute
Default Re: Upping my credit score

Originally Posted by ian-mstm
Your posts are so seriously full of shit information, I can't fathom why a moderator hasn't banned you yet. Perhaps it's the entertainment value you offer?

Ian
i can only tell you what my experiences are, I can post screen shots if you really need me to. The biggest thing I can see is the capital one score is reporting credit hits from 5 years ago from Transunion. capitalone is reporting 735 , Amex is reporting a score of 839. So it is in fact a difference of 104 not 100 as I originally mentioned. So mr almighty explain that one.
mrken30 is offline  
Old Feb 7th 2016, 11:05 pm
  #36  
Lost in BE Cyberspace
 
mrken30's Avatar
 
Joined: Jul 2008
Location: Portlandia Metro
Posts: 7,425
mrken30 has a reputation beyond reputemrken30 has a reputation beyond reputemrken30 has a reputation beyond reputemrken30 has a reputation beyond reputemrken30 has a reputation beyond reputemrken30 has a reputation beyond reputemrken30 has a reputation beyond reputemrken30 has a reputation beyond reputemrken30 has a reputation beyond reputemrken30 has a reputation beyond reputemrken30 has a reputation beyond repute
Default Re: Upping my credit score

Originally Posted by Pulaski
As usual, your post makes little sense. Amex and Capital One are credit card issuers not credit scoring agencies.
Correct , Capital One supposedly uses Transunion, Amex doesn't say who they use.
mrken30 is offline  
Old Feb 8th 2016, 12:50 pm
  #37  
Account Closed
 
Joined: Aug 2002
Location: Kentucky
Posts: 38,865
ian-mstm has a reputation beyond reputeian-mstm has a reputation beyond reputeian-mstm has a reputation beyond reputeian-mstm has a reputation beyond reputeian-mstm has a reputation beyond reputeian-mstm has a reputation beyond reputeian-mstm has a reputation beyond reputeian-mstm has a reputation beyond reputeian-mstm has a reputation beyond reputeian-mstm has a reputation beyond reputeian-mstm has a reputation beyond repute
Default Re: Upping my credit score

Originally Posted by mrken30
The biggest thing I can see is the capital one score is reporting credit hits from 5 years ago from Transunion.
Oh dear god... do you actually understand what you just wrote? If you're going to write, please write coherently.

There are 3 credit reporting agencies: Transunion, Equifax, and Experian. If you want to know why the scores are different, I suggest you use Google. Once you educate yourself, perhaps your writing will improve... although I'm not going to hold my breath!

Ian
ian-mstm is offline  
Old Feb 8th 2016, 6:56 pm
  #38  
Lost in BE Cyberspace
 
sir_eccles's Avatar
 
Joined: Mar 2010
Location: Phoenix, AZ
Posts: 8,106
sir_eccles has a reputation beyond reputesir_eccles has a reputation beyond reputesir_eccles has a reputation beyond reputesir_eccles has a reputation beyond reputesir_eccles has a reputation beyond reputesir_eccles has a reputation beyond reputesir_eccles has a reputation beyond reputesir_eccles has a reputation beyond reputesir_eccles has a reputation beyond reputesir_eccles has a reputation beyond reputesir_eccles has a reputation beyond repute
Default Re: Upping my credit score

What is probably confusing people is that most banks and card issuers are now offering "free scores". mrken is I assume saying that when he logs on to his account at one bank it tells him his score is X but when he logs on to a different bank account it tells him his score is Y.

None of these are your actual score. It might have the word "fico" in the name but it isn't your score. It is a commercial product sold to the banks by Fair Isaac.
sir_eccles is offline  
Old Feb 9th 2016, 12:56 am
  #39  
Firetrak
 
ldollard's Avatar
 
Joined: Mar 2004
Posts: 577
ldollard has a reputation beyond reputeldollard has a reputation beyond reputeldollard has a reputation beyond reputeldollard has a reputation beyond reputeldollard has a reputation beyond reputeldollard has a reputation beyond reputeldollard has a reputation beyond reputeldollard has a reputation beyond reputeldollard has a reputation beyond reputeldollard has a reputation beyond reputeldollard has a reputation beyond repute
Default Re: Upping my credit score

Originally Posted by mrken30
Correct , Capital One supposedly uses Transunion, Amex doesn't say who they use.
I dont know why everyone are being such dicks to you. Yes your sentence isn't the clearest, but I know what you are saying.

Basically those scores you see on your credit card companies are never truly accurate to the credit scoring company they purport to come from. My capital one transunion score is over 100 points lower than my actual transunion score. I know this because I have an account to monitor my transunion account directly with them.

Secondly as pointed out so nicely by others, there are 3 credit scoring companies. None of them though create the FICO score. That is actually a 4th company that pulls information from all sources, thats all 3 credit scoring houses, job history, education, banking services, library, criminals histories.

So you might have over 800 scores on all 3 credit reporting agencies but its possible for your FICO to actually be lower.

NOW.

Yes it is possible for a spouses credit to be positively impacted by being added as an additional card holder even IF they are not a joint account holder.

Barclaycard in the USA specifically outlines this when you add an additional family member to your card.

If i could close this out by asking people to look at the forum rules, #2 specifically

2. Inappropriate Language/Personal Attacks
There may be places where sexually explicit, racist, obscene or vulgar language, graphics or behavior is appropriate however BritishExpats.com is NOT one of them. We do not alllow graphics that contain nude body parts, sexually-orientated or violent acts. Should anyone use inappropriate language, encourage someone to break the law, start a personal attack, or engage in hate speech, they will be barred from all further discussions.
Keep that in mind, this thread really got out of hand.
ldollard is offline  
Old Feb 9th 2016, 1:20 am
  #40  
 
Pulaski's Avatar
 
Joined: Dec 2001
Location: Dixie, ex UK
Posts: 52,397
Pulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond reputePulaski has a reputation beyond repute
Default Re: Upping my credit score

Originally Posted by ldollard
I dont know why everyone are being such dicks to you. Yes your sentence isn't the clearest, but I know what you are saying. ....
You've hit the nail on the head right there, MrKen has the remarkable skill of posting advice that is, to be charitable "isn't the clearest". But what that really means is that you have to understand the subject much better than he does to be able to unravel what he said and identify any elements of truth, and the conditions or assumptions you have to make for what he said to be true.

So in all honesty, if you have to understand the subject better than the person giving the advice in order to be able to understand the advice, the advice isn't actually much use!
.... Basically those scores you see on your credit card companies are never truly accurate to the credit scoring company they purport to come from. .....
I already explained that to him - the credit companies can and do muck around with credit scores for their own purposes, and are entirely free to do so, taking an external credit score and adjusting it any which way they like for their own purposes. So you are correct - getting a score direct from the scoring agencies is the only thing that makes objective sense.

Last edited by Pulaski; Feb 9th 2016 at 2:28 am.
Pulaski is offline  
Old Feb 9th 2016, 1:25 am
  #41  
BE Enthusiast
 
Joined: Feb 2015
Location: New Jersey, USA
Posts: 564
Olly_ has a reputation beyond reputeOlly_ has a reputation beyond reputeOlly_ has a reputation beyond reputeOlly_ has a reputation beyond reputeOlly_ has a reputation beyond reputeOlly_ has a reputation beyond reputeOlly_ has a reputation beyond reputeOlly_ has a reputation beyond reputeOlly_ has a reputation beyond reputeOlly_ has a reputation beyond reputeOlly_ has a reputation beyond repute
Default Re: Upping my credit score

Originally Posted by sir_eccles
What is probably confusing people is that most banks and card issuers are now offering "free scores". mrken is I assume saying that when he logs on to his account at one bank it tells him his score is X but when he logs on to a different bank account it tells him his score is Y.

None of these are your actual score. It might have the word "fico" in the name but it isn't your score. It is a commercial product sold to the banks by Fair Isaac.
Some credit card companies do give you actual FICO scores - American Express gives you a monthly Experian FICO 08 score, Discover gives you a Transunion FICO 08 for example.

Capital One don't do this - they use their own made up number from Transunion data.
Olly_ is offline  
Old Feb 9th 2016, 10:45 pm
  #42  
Firetrak
 
ldollard's Avatar
 
Joined: Mar 2004
Posts: 577
ldollard has a reputation beyond reputeldollard has a reputation beyond reputeldollard has a reputation beyond reputeldollard has a reputation beyond reputeldollard has a reputation beyond reputeldollard has a reputation beyond reputeldollard has a reputation beyond reputeldollard has a reputation beyond reputeldollard has a reputation beyond reputeldollard has a reputation beyond reputeldollard has a reputation beyond repute
Default Re: Upping my credit score

Originally Posted by Pulaski
You've hit the nail on the head right there, MrKen has the remarkable skill of posting advice that is, to be charitable "isn't the clearest". But what that really means is that you have to understand the subject much better than he does to be able to unravel what he said and identify any elements of truth, and the conditions or assumptions you have to make for what he said to be true.

So in all honesty, if you have to understand the subject better than the person giving the advice in order to be able to understand the advice, the advice isn't actually much use!

I already explained that to him - the credit companies can and do muck around with credit scores for their own purposes, and are entirely free to do so, taking an external credit score and adjusting it any which way they like for their own purposes. So you are correct - getting a score direct from the scoring agencies is the only thing that makes objective sense.
none needed to be nice
ldollard is offline  
Old Feb 15th 2016, 9:36 pm
  #43  
Account Closed
 
Joined: Aug 2002
Location: Kentucky
Posts: 38,865
ian-mstm has a reputation beyond reputeian-mstm has a reputation beyond reputeian-mstm has a reputation beyond reputeian-mstm has a reputation beyond reputeian-mstm has a reputation beyond reputeian-mstm has a reputation beyond reputeian-mstm has a reputation beyond reputeian-mstm has a reputation beyond reputeian-mstm has a reputation beyond reputeian-mstm has a reputation beyond reputeian-mstm has a reputation beyond repute
Default Re: Upping my credit score

Originally Posted by ldollard
If i could close this out by asking people to look at the forum rules, #2 specifically
With all due respect, who died and appointed you as the forum police?


Keep that in mind, this thread really got out of hand.
Such is the nature of a public forum. If this was really true, the forum moderator would step in and say something. You aren't the moderator, so you don't get to dictate what's written.

Ian
ian-mstm is offline  
Old Feb 16th 2016, 5:41 pm
  #44  
Firetrak
 
ldollard's Avatar
 
Joined: Mar 2004
Posts: 577
ldollard has a reputation beyond reputeldollard has a reputation beyond reputeldollard has a reputation beyond reputeldollard has a reputation beyond reputeldollard has a reputation beyond reputeldollard has a reputation beyond reputeldollard has a reputation beyond reputeldollard has a reputation beyond reputeldollard has a reputation beyond reputeldollard has a reputation beyond reputeldollard has a reputation beyond repute
Default Re: Upping my credit score

Originally Posted by ian-mstm
With all due respect, who died and appointed you as the forum police?



Such is the nature of a public forum. If this was really true, the forum moderator would step in and say something. You aren't the moderator, so you don't get to dictate what's written.

Ian
well someone should have, you are out of hand.
ldollard is offline  
Old Feb 16th 2016, 5:51 pm
  #45  
Austin. TX.
 
petitefrancaise's Avatar
 
Joined: Sep 2013
Posts: 5,929
petitefrancaise has a reputation beyond reputepetitefrancaise has a reputation beyond reputepetitefrancaise has a reputation beyond reputepetitefrancaise has a reputation beyond reputepetitefrancaise has a reputation beyond reputepetitefrancaise has a reputation beyond reputepetitefrancaise has a reputation beyond reputepetitefrancaise has a reputation beyond reputepetitefrancaise has a reputation beyond reputepetitefrancaise has a reputation beyond reputepetitefrancaise has a reputation beyond repute
Default Re: Upping my credit score

Originally Posted by ldollard
well someone should have, you are out of hand.
petitefrancaise is offline  

Contact Us - Archive - Advertising - Cookie Policy - Privacy Statement - Terms of Service -

Copyright © 2024 MH Sub I, LLC dba Internet Brands. All rights reserved. Use of this site indicates your consent to the Terms of Use.