How can a borrower increase his or her Fair Isaac Credit Bureau Score?
Over time a borrower can improve the information in his or her credit report by paying credit obligations on time and using credit wisely. As derogatory data in the credit report gets older, it has less influence on the score. A missed payment from four years ago will not count as much as a missed payment that is six months old. A credit score, like a credit report can be thought of as a snapshot of an individual’s changing credit record. Scores from different repositories will be different because of the different data available in the consumers file at each repository. If a request is made to obtain another report in order to get an updated score, then the score is likely to change for many reasons; however, it is not possible to limit how that score will change. The credit items on the report are updated often, so new items are likely to have been added since the previous report was generated. In addition, existing items will have aged. Repeatedly requesting a borrower’s credit repo
