My credit score fell 63 points today and my entire credit history is wiped clean.

I basically have no credit history at this point. I’m not sure if this is good news or bad:

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It doesn’t matter unless you are applying for credit or if the next job you are applying for requires a good credit rating.

Somethings surely not right. After the Equifax debacle I signed up Lifelock.

My previously 80-page credit report is now just 2 pages long. Overnight.

I would like to see an 80 page credit report from a single agency…my business partner ( in RE development ) was around 30-35 pages and I highly doubt you doubled him and then some

You do know that Lifelock has a contract with Equifax to supply all the data and to obtain your data. You stepped from the frying pan into the fire.

I didn’t know that.

Well, at least I have insurance if someone were to steel my identity.

Brought to you by the same group that allowed it to be stolen in the first place!

Stuff stays on your credit report a long time. I have 25 open accounts (currently), 15 businesses or so (in the last 7 years), 90 or so pieces of real estate (bought and sold in the last 7 years), and a credit card made actual gold (I’m not joking, the thing is made of gold and in my wallet right now).

Anyway, I had a really robust credit history and now it’s all gone it appears. I just don’t know why or if this is a good thing or not.

ASHI took it!! :twisted:

Here comes another lawsuit :wink:

Or a result of the last one! :mrgreen:

All that information is now moot. The FICO score uses an algorithm that takes in to account numerous factors. It quickens things up so the only thing that matters is your score. Look at it like buying a cake from the bakery. You don’t really give a patoot about eggs, flour, milk, flavorings or the things that make up the cake. You just want the end product. The same goes for a business that is offering you credit. They don’t care about the way you got there, just the end result. I sit at an 829 and the only time I care is when I want to buy something on credit. And then it better be 0% interest or it isn’t worth my time to fill out the paperwork.

I don’t call it a “credit score”…It’s a debt score…

Depends. If you borrow x to buy an asset worth 2x, you’ve increased your net worth. In other words, you’re financially stronger by borrowing the money, not weaker.

I’m assuming one of those factors is payment history though, no?


Payment History…35%
Amounts owed…30%
Length of credit history…15%
New credit…10%
Types of credit…10%

Worth does not affect your credit score. Your overall credit history affects your credit score. Remember, the credit score is about your CREDIT, not your overall worth. Two different animals.

The CEO has had his personal information stolen at least 17 times since he has been working a LifeLock.

Part of the game. Hackers see the CEO as a challenge and bust their arses for the bragging rights. Lifelock actually looks forward to these hacks, as they learn of newer methods of their system being hacked, thus they can offer a better product. It’s actually a win-win for everyone!