Category - Credit Score

What is a FICO® score?

The term FICO® is a registered trademark of the Fair Isaac Corporation. They developed an algorithm that looks at your credit history and assigns a numerical score. All three major credit bureaus pay Fair Isaac to use the algorithm and they create FICO® scores based upon the credit data they have about you.

Where can I check my credit score?

There are many ways to obtain a free credit score, and each might be a little different. For example, you can get one from your credit card issuer (Capital One and Discover, among others), or you can sign on to one of the free online credit monitoring sites, such as Credit Sesame, Credit Karma, or myBankrate. You can also pay FICO or Experian or others to see your monthly FICO credit scores. They all show you your exact numerical credit score and tell you whether your score is bad, poor, fair, good, or excellent.

How much will my credit score increase if I use your service?

During the free consultation that we provide we will need to review your credit reports. Once we evaluate your reports and understand your goals we can determine the best course of action based on your credit goals. We have helped people that resulted in modest increases and we have raised scores over 200 points. Every individual situation is unique and we treat you that way!

Does an “Authorized User” tradeline raise my score as much as if I had the credit in my name only? 

The answer to this depends on what is showing on your credit report. Give us a call to discuss it in detail during your free consultation.

How do I choose the right company to work with to help increase my credit score?

We recommend that you work with a company that you are comfortable with. Use a company that has a good track record and treats you with courtesy and respect.

How do you add credit tradelines to my credit report?

MyCreditStrategy.com has a large portfolio of credit card tradelines ready and waiting to be used on your credit report. We offer a free consultation so that we can thoroughly understand your credit history and your credit goals. That way you only purchase the tradelines necessary to achieve your credit goals.

How long does it take for an “Authorized User” tradeline to show up on my credit report?

Each tradeline reports once per month to the credit bureaus at the end of each billing cycle. Once you are added as an “Authorized User” to an account, the tradeline will post to your credit report a few days after the current billing cycle ends. This could be anywhere from 5 to 35 days. At MyCreditStrategy.com, we assign tradelines based on purchase date and closing date, to minimize the amount of time it takes for our customers to see improved credit scores.