Comments on: Episode 14 Recap: Discussing Credit Scores with Liz Pulliam Weston http://personalfinancehour.com/episode-14-recap-discussing-credit-scores-with-liz-pulliam-weston.html Home of the radio show hosted by PFBloggers JD Roth & Jim Wang! Fri, 26 Feb 2010 03:54:49 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: stephen http://personalfinancehour.com/episode-14-recap-discussing-credit-scores-with-liz-pulliam-weston.html/comment-page-1#comment-4855 stephen Fri, 26 Feb 2010 03:54:49 +0000 http://personalfinancehour.com/?p=124#comment-4855 I'm buying a house and need approximately a 7 point bump to get the loan i want. From November to January my Experian Credit score score has dropped 28 points (Transunion is down 10 points Eq is up 5). I leased a house 2 months ago. they ran two credit checks. i now have "too many recent inquiries." more importantly, in that time I paid all my credit cards and my report shows "no recent revolving credit." Now I have about 5,000 on one card (w/ a $30,000 limit) from normal business activity and I don't know if i should pay it off or or leave a balance to increase my score. Three questions: 1) There are so many services out there offering conflicting advice. how would you recomend that i get an ACCURATE answer for what to do? 2) should i pay off the balance (or a portion) and have my lender re-run my credit? 3) if i pay for my own credit report, will it show up as an inquiry? I’m buying a house and need approximately a 7 point bump to get the loan i want. From November to January my Experian Credit score score has dropped 28 points (Transunion is down 10 points Eq is up 5). I leased a house 2 months ago. they ran two credit checks. i now have “too many recent inquiries.”

more importantly, in that time I paid all my credit cards and my report shows “no recent revolving credit.” Now I have about 5,000 on one card (w/ a $30,000 limit) from normal business activity and I don’t know if i should pay it off or or leave a balance to increase my score.

Three questions:
1) There are so many services out there offering conflicting advice. how would you recomend that i get an ACCURATE answer for what to do?

2) should i pay off the balance (or a portion) and have my lender re-run my credit?

3) if i pay for my own credit report, will it show up as an inquiry?

]]> By: » Credit Card Diversification http://personalfinancehour.com/episode-14-recap-discussing-credit-scores-with-liz-pulliam-weston.html/comment-page-1#comment-2067 » Credit Card Diversification Tue, 14 Jul 2009 11:06:44 +0000 http://personalfinancehour.com/?p=124#comment-2067 [...] a recent episode of the Personal Finance Hour, JD and I had the great pleasure of interviewing Liz Pulliam Weston about credit and credit scores. We talked about a lot of thing but one subject I wanted to repeat [...] [...] a recent episode of the Personal Finance Hour, JD and I had the great pleasure of interviewing Liz Pulliam Weston about credit and credit scores. We talked about a lot of thing but one subject I wanted to repeat [...]

]]> By: What Factors Matter For Your FICO Score? http://personalfinancehour.com/episode-14-recap-discussing-credit-scores-with-liz-pulliam-weston.html/comment-page-1#comment-1923 What Factors Matter For Your FICO Score? Thu, 09 Jul 2009 18:45:41 +0000 http://personalfinancehour.com/?p=124#comment-1923 [...] specifi credit report situation, JD and Jim had a wonderful interview with Liz Pulliam Weston on how credit score works and how to improve them. Share this on del.icio.usDigg this!Stumble upon something good? Share it on StumbleUponShare this [...] [...] specifi credit report situation, JD and Jim had a wonderful interview with Liz Pulliam Weston on how credit score works and how to improve them. Share this on del.icio.usDigg this!Stumble upon something good? Share it on StumbleUponShare this [...]

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