Comments on: The Anatomy of My Credit Score /2008/10/12/the-anatomy-of-my-credit-score/ A personal finance blog of a young adult's journey from entry-level to financial independence Tue, 29 Jun 2010 07:15:36 -0700 https://wordpress.org/?v=2.8 hourly 1 By: Joanne /2008/10/12/the-anatomy-of-my-credit-score/comment-page-1/#comment-48 Joanne Mon, 13 Oct 2008 18:40:49 +0000 https://pfstartupblog.wordpress.com/?p=299#comment-48 I recently have had some credit problems. I liked my credit cards waaay too much. I think the best thing you can do to recover is to allow yourself enough time to straighten everything all out. Nothing happens overnight, especially fixing a credit score. I recently have had some credit problems. I liked my credit cards waaay too much. I think the best thing you can do to recover is to allow yourself enough time to straighten everything all out. Nothing happens overnight, especially fixing a credit score.

]]> By: Gary /2008/10/12/the-anatomy-of-my-credit-score/comment-page-1/#comment-47 Gary Mon, 13 Oct 2008 17:59:02 +0000 https://pfstartupblog.wordpress.com/?p=299#comment-47 I must compliment you on your assessment of your credit score. You seemed to have taken quite a bit of time to learn about it. I have just a few comments that might help you in the future. Firstly, not all credit scores are the same. Equifax is the only one that uses the true FICO score which is what most lenders use. Trans Union and Experian use a simulated score which tends to be higher and misleading. As for your balance not reflecting your purchase, most likely the creditor has not reported to the bureaus as of yet. This is generally done once a month and your score can and usually will change once it is updated. Keep your balances under 30% of your credit limits and you will be fine. Keep up the good work! Regards, Gary www.peoplescreditservices.com I must compliment you on your assessment of your credit score. You seemed to have taken quite a bit of time to learn about it. I have just a few comments that might help you in the future.

Firstly, not all credit scores are the same. Equifax is the only one that uses the true FICO score which is what most lenders use. Trans Union and Experian use a simulated score which tends to be higher and misleading. As for your balance not reflecting your purchase, most likely the creditor has not reported to the bureaus as of yet. This is generally done once a month and your score can and usually will change once it is updated. Keep your balances under 30% of your credit limits and you will be fine.

Keep up the good work!

Regards,

Gary
https://www.peoplescreditservices.com

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