My FICO score has gone up 63 points in the past 4 months

[Penguin]

How the fudge is that possible?


I ain't complaining, though. I guess I've moved up from debtor's prison to debtor's parole. :D

[Boise State Penguin]

Finally decided to start paying your bills, eh?

[BajaOklahoma]

Incorrect information?

Blue penguins?

[Frozen Sooner]

Any number of reasons.

Reduction of ratio of revolving debt to available balance.

Cycling of slow-pay to older time periods (the longer ago a slow-pay was, the less it hurts you, which of course makes sense.)

Six months of on-time pay history.

Collections or slow- or non-pays aging past 7 years.

Just off the top of my head, those are the most likely reasons. There could be other explanations, of course.

[Penguin]

Collections or slow- or non-pays aging past 7 years.
Really? Man, my FICO score will explode in 18 months. :texan:

[crawfish]

I hope you got lessons for Christmas.

You know, for whatever FICO is.

[Frozen Sooner]

Really? Man, my FICO score will explode in 18 months. :texan:

Depending how many there are out there, yeah, you can really see a pretty major increase in your score. FICO model assumes that derogatory credit over 7 years old isn't really statistically significant as a predictor of future bankruptcy.