Credit Repair - Self Help

Sorry for the long delay in posting, sometimes my job has me going to places and internet isn’t always an option for me. I am going to continue with the posts concerning the secret credit scores that the creditors don’t tell you about. These are scores that are not available to the general public. These scores are in addition to the FICO credit scores that everyone is familiar with. Please go back and read part 1 and part 2 for more information.

Today I am going to tell you about the Attrition-Risk Score. What this score tells the creditor is the likelihood that a credit user may stop using the card. The Attrition-Risk Score is generally used in conjunction with other scores to determine what actions the creditor will take next. As an example, if your credit is a good income producer for them and you are a low risk, they will not want you to leave. The creditor may entice you to stay by offering a credit limit increase or perhaps bombard you with convenience checks, etc. They will aggressively pursue you to stay with them. This is a good time to negotiate a lower interest rate or a credit limit increase. On the other hand, if you seem to be of high risk or a low income generator for them, they may just let you leave them and not worry too much about losing the account.