1yr after bk. Scores tran(646) exp(651)equ(676). Cards. Capital1(1000) 2 Credit1 (800&850) Premier (600). Utilization less than 10%. No auto/mortgage. 1 student loan at 14,000. My score is at a standstill is there any suggestions on what I could do to increase it my score
Are your reports reflecting correctly? Meaning...your actual TU, EQ, EX reports....Any accts IIB should state that on your reports, and should be a $0 balance. Do you have any lates after your BK? I would use all your cards, but only let ONE card report a small balance between 1-5% for optimal scoring...1% is the ideal. Dont let all your cards report each month a balance, ONLY ONE, that ONE card report like 1%. So, for example, PIF before your statements cut on your credit one cards and FP, and let your cap1 report like $10.00, you'll see a little jump.
I did that for my first 2 yrs post DC, and micromanaged the heck out of my cards, now I let up to 6 cards report a small balance, and my util reporting is like 2-4%, but then again I have a ton of credit and several cards, so I can do that. Try my suggestion for a few months, and see if that doesnt give you a small boost. You already have a SL reporting for a loan, so no need to get a secured loan. Good Luck!
Thanks for a response. I’ve been doing just that leaving like $12 on one card. I’ll try just a dollar hopefully it helps
$12 is fine. I wouldnt let $1 report beause some lenders dont report it, and if that happenes then you have 0% util reporting, and your scores will dip. FICO cant give you a score if theres no revolving to score! What do you have negative reporting still?