Credit Scores for free

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adrian2
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Re: Credit Scores for free

Post by adrian2 » 04 Aug 2017 09:56

sepideh wrote:
03 Aug 2017 22:02
:( Hello guys,
I recently noticed that my credit score has dropped from 700 to 614!
I did more caring like writing down the due dates and paying ontime , now after one week that i paid most of my credits, it dropped to 613!
I am so desparate. I don't know what should i do .
Get your credit report (not only the score) and check for inaccuracies. You don't need to pay anything to get it in the mail, just follow the instructions.
Imagefiniki, the Canadian financial wiki
“It doesn't matter how beautiful your theory is, it doesn't matter how smart you are. If it doesn't agree with experiment, it's wrong.” [Richard P. Feynman, Nobel prize winner]

sepideh
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Re: Credit Scores for free

Post by sepideh » 04 Aug 2017 21:26

Yes,
I saw the report .It doesn't show the payments to visa and shows the old balance.
I don't want to pay to my loc because it is invested for something else but I am paying on time for the interest.

sepideh
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Re: Credit Scores for free

Post by sepideh » 04 Aug 2017 21:30

thanks any way for answering,I really appreciate as I don't know why it's coming down after being so careful.

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deaddog
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Re: Credit Scores for free

Post by deaddog » 05 Aug 2017 11:28

sepideh wrote:
04 Aug 2017 21:30
thanks any way for answering,I really appreciate as I don't know why it's coming down after being so careful.
Google why is my credit score dropping and you may find the answer.

Making new applications causes the score to drop along with the number of credit inquiries. Shopping for a loan might cause it to drop.
Most of our so-called reasoning consists of finding arguments for going on believing as we already do.( J.H. Robinson)

sepideh
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Re: Credit Scores for free

Post by sepideh » 06 Aug 2017 23:40

That's right.
I have not inquire for anything and no loan application, which reflects in my credit score too.
The only thing is that i have paid for my credits but the update doesnt show that.
Should I wait or contact them?

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adrian2
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Re: Credit Scores for free

Post by adrian2 » 07 Aug 2017 07:13

sepideh wrote:
06 Aug 2017 23:40
The only thing is that i have paid for my credits but the update doesnt show that.
Should I wait or contact them?
Give it another month or two.

Unless you're going to be applying for credit in the immediate future, you should not have to care about daily fluctuations of your credit score and how quickly it reacts to changes in the input parameters.
Imagefiniki, the Canadian financial wiki
“It doesn't matter how beautiful your theory is, it doesn't matter how smart you are. If it doesn't agree with experiment, it's wrong.” [Richard P. Feynman, Nobel prize winner]

OnlyMyOpinion
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Re: Credit Scores for free

Post by OnlyMyOpinion » 07 Aug 2017 20:42

Had occasion to look up my credit score and that of a family member recently.
Had never done so in the past, ever. Equifax report & score.
Results were totally unrepresentative of the credit risk of the family member.
I.e. garbage.

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Re: Credit Scores for free

Post by sepideh » 08 Aug 2017 12:15

yes ,
I shouldn't check too quickly.
does this( too quick checking) by myself ,affect my score, negatively?

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AltaRed
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Re: Credit Scores for free

Post by AltaRed » 08 Aug 2017 12:55

'Soft' inquiries do not (are not supposed to) count/affect credit score. It can take months for updates to happen to one's credit history. It is a matter of 'when' the affected credit institution decides to pass on updates to Equifax et al.
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queerasmoi
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Re: Credit Scores for free

Post by queerasmoi » 10 Aug 2017 23:26

OnlyMyOpinion wrote:
07 Aug 2017 20:42
Had occasion to look up my credit score and that of a family member recently.
Had never done so in the past, ever. Equifax report & score.
Results were totally unrepresentative of the credit risk of the family member.
I.e. garbage.
Well as they say: Garbage in, garbage out.
Was their credit risk overstated or understated?

If overstated, then work to get the underlying info corrected. You may consider it to be garbage, but it's the garbage everyone else will see too when checking the family member's credit.

Hopetoretire
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Re: Credit Scores for free

Post by Hopetoretire » 26 Aug 2017 11:38

Is the credit report provided free by RBC to account holders accurate overall? Or only based on investments held within this bank?

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Re: Credit Scores for free

Post by twa2w » 26 Aug 2017 14:38

Yes it is accurate overall. It is provided by the credit bureau itself from your full credit file. It is direct pull from the CB on the date you access.
Overall would be the same score any crefitor would get if they pulled your bureau.

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Re: Credit Scores for free

Post by kumquat » 26 Aug 2017 22:01

I have accounts with RBC and RBCDI. On one of their sites, I found "See my credit score". It was 859 out of 900. How does that impact (impact is not a verb, but I'll use it as such) my life? Why would I care?
I don't intend to offend anyone, that part is just a bonus.

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adrian2
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Re: Credit Scores for free

Post by adrian2 » 26 Aug 2017 22:08

kumquat wrote:
26 Aug 2017 22:01
impact is not a verb, but I'll use it as such
http://www.dictionary.com/browse/impact?s=t
noun
1. the striking of one thing against another; forceful contact; collision:
The impact of the colliding cars broke the windshield.
2. an impinging:
the impact of light on the eye.
3. influence; effect:
the impact of Einstein on modern physics.
4. an impacting; forcible impinging:
the tremendous impact of the shot.
5. the force exerted by a new idea, concept, technology, or ideology:
the impact of the industrial revolution.

verb (used with object)
6. to drive or press closely or firmly into something; pack in.
7. to fill up; congest; throng:
A vast crowd impacted St. Peter's Square.
8. to collide with; strike forcefully:
a rocket designed to impact the planet Mars.
9. to have an impact or effect on; influence; alter:
The decision may impact your whole career. The auto industry will be impacted by the new labor agreements.

verb (used without object)
10. to have impact or make contact forcefully:
The ball impacted against the bat with a loud noise.
11. to have an impact or effect:
Increased demand will impact on sales.
Imagefiniki, the Canadian financial wiki
“It doesn't matter how beautiful your theory is, it doesn't matter how smart you are. If it doesn't agree with experiment, it's wrong.” [Richard P. Feynman, Nobel prize winner]

twa2w
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Re: Credit Scores for free

Post by twa2w » 26 Aug 2017 23:03

kumquat wrote:
26 Aug 2017 22:01
I have accounts with RBC and RBCDI. On one of their sites, I found "See my credit score". It was 859 out of 900. How does that impact (impact is not a verb, but I'll use it as such) my life? Why would I care?
It is only relevant if you are a borrower, renter or in some cases have home/ auto insurance.

Higher score can make credit appoval easier, quicker and your rate may be lower although with most banks, the credit score is just one factor in the approval/rate matrix. Landlords may pull a credit bureau in deciding on tenant approval. Some insurance companies are now using credit scores in their approval and pricing.
But your score is excellent so no worries.

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