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Experian Boost - Don't Do It!
Experian Boost - Don't  Do It!
 
 
 
     EDIT: 10/14/2020: in our everchanging industry, things change regularly.  This article cites one example - we can now process a mortgage application with Experian BOOST updates on credit - - HOWEVER, keep in mind, lenders use the MIDDLE FICO score, so if only Experian is positively effected by BOOST, odds are the other scores, and the middle score, will not be updated.  The score improvement you see through BOOST, if any, may not benefit you when it comes to getting a mortgage loan.
 
     You've perhaps seen Experian's latest marketing pitch on TV commercials for their "Boost" product - "Help Raise America's Credit Scores", the website hero image reads.  And yes, the product can do what it says - boost a user's credit scores.  That's great news, right!?!?  Well, no.

 
     All that glitters is not gold, and Experian Boost is a perfect example.  While yes, scores may go up, the product could also cause delays in the mortgage process, and disappointment for borrowers who find that their boosted scores aren't worth anything when it comes to getting a loan.

 
     Here's how it works:  A consumer signs up for Boost, and self-reports their ... more

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