In response to the COVID-19 pandemic, the three major credit reporting agencies -- Equifax, Experian, and TransUnion -- are offering free access to online credit reports, weekly, until April 2021.
Transunion and Equifax Credit Score Update - May 29, 2020
Transunion and Equifax Credit Score Update - May 29, 2020
I'll be doing a lot of traveling soon, and I was feeling quite insecure about my Dell laptop. Still works, but the hard drive started to get noisy -- a strong signal of impending drive failure -- and it does this sputtering lockup thing often enough to be totally annoying. So I decided to buy a new one.
I bought another Dell for a bit over $800. I put the purchase on my favorite rewards credit card, which has the highest credit limit in my card arsenal ($30K), with plans to pay it down to zero within two or three months.
Equifax Data Breach: Reason for Bizarre Credit Score Declines?
Seldom do I use my one and only personal credit card, provided by Citi®, so I was thinking that maybe the reason my TransUnion® and Equifax® credit scores, which use the VantageScore 3.0 scoring model, both experienced sudden and precipitous declines was because I was being penalized for:
Too Few Accounts Currently Paid As Agreed: FICO® Scores consider the number of accounts that are paid as agreed. Your score was impacted because the number of these accounts is too low, or because you've missed payments recently on some of your accounts.
No recent revolving balances: FICO Scores consider whether a person’s credit report shows recent balances on revolving accounts. Your FICO® Score was impacted because you are not currently demonstrating active revolving credit management.
Seems unreasonable to me that a consumer should be penalized for avoiding revolving credit, but that's the system folks (The above bullet points are from Citi / FICO / Equifax Bankcard Score 8.)
So, on a recent check, my scores bounced back to 800+. A glitch in the system, or related to the Equifax Data Breach?
Credit Scores: TransUnion and Equifax VantageScore 3.0
And my Citi / FICO / Equifax Bankcard Score 8 score skipped higher, from 820 to 822.
So, according to both CreditKarma.com and CreditSesame.com, my VantageScore 3.0
credit scores from TransUnion® and Equifax® dropped more than 80 points, and for no reason.
Credit Scores: TransUnion and Equifax VantageScore 3.0
So I visited www.AnnualCreditReport.com to check my credit reports from the 3 major bureaus: TransUnion, Equifax and ExperianTM:
TransUnion: I was able to access and download my credit report. I found no problems.
Equifax: Fail; online delivery not available (see image below.)
Citi® is offering free credit scores now. I have a rather aged +Citibank US credit card, which has never let me down. My current FICO® credit score, according to Citi and +Equifax is 806. Not bad...
Citi Free Credit Score
Please feel free to show off your credit score in the comments section below!
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