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623 to 700....Please help

Established Member

623 to 700....Please help

I've been reading the forums most of the day and finally wanted to ask a question. I would like to buy a house in the next year, but I don't have any idea how to raise my score from 623 to at least 700.  Credit histoy is as follow;

 

Discover 0% APR 1000 limit - 800 balance

Chase card through Amazon 0% APR 1000 limit - 950 balance

PayPal 26.99 % APR 700 limit - 500 balance

Old Navy 21.99 % APR 500 LIMIT -144 BAL

Childrens' place 24.99 % APR 400 LIMIT - 29 BAL

 

Open lines of credit w/ zero balance

 

Dell 2500 limit.  Haven't used in 3 years

Target 500 limit. No usage in 6 months

Kohls 500 limit. No usage in 6 months

Closed Cap 1. 500 limit paid off in 6 months and closed in June of this year. I think wrong move.

 

Approved 11/23/13 for ashley furniture through wells fargo for 0% APR for 24 months $3400 credit limit 1500 balance

 

Student loans will total $46,000 by the time I graduate. How do I increase my score? Besides reducing my balances, not sure of anything else I should/could do. No late payments in last 6 months. Thanks all is appreciated

 

Message 1 of 16
15 REPLIES
Super Contributor

Re: 623 to 700....Please help


candiigraham wrote:

I've been reading the forums most of the day and finally wanted to ask a question. I would like to buy a house in the next year, but I don't have any idea how to raise my score from 623 to at least 700.  Credit histoy is as follow;

 

Discover 0% APR 1000 limit - 800 balance UTL to high pay down

Chase card through Amazon 0% APR 1000 limit - 950 balance UTL to high pay down

PayPal 26.99 % APR 700 limit - 500 balance UTL to high pay down

Old Navy 21.99 % APR 500 LIMIT -144 BAL

Childrens' place 24.99 % APR 400 LIMIT - 29 BAL

 

Open lines of credit w/ zero balance

 

Dell 2500 limit.  Haven't used in 3 years

Target 500 limit. No usage in 6 months

Kohls 500 limit. No usage in 6 months

Closed Cap 1. 500 limit paid off in 6 months and closed in June of this year. I think wrong move.

 

Approved 11/23/13 for ashley furniture through wells fargo for 0% APR for 24 months $3400 credit limit 1500 balance 

 

Student loans will total $46,000 by the time I graduate. How do I increase my score? Besides reducing my balances, not sure of anything else I should/could do. No late payments in last 6 months. Thanks all is appreciated

 


UTL is your key to success 

Welcome to the forum 

Before you app think...
Have you done your research of the CC?
Does it fit your spending?
Do you have a plan for the bonus w/o going into debt?
Can you afford the AF?
Do you know the cards benefits? Is it worth the HP?
Message 2 of 16
Valued Contributor

Re: 623 to 700....Please help

+1^^^^^

and don't apply for any new credit.
garden garden garden
CHASE FREEDOM | AMEX BCE | | BOFA REWARDS | CITI TYP | Quicksilver | DISCOVER IT | Sallie Mae | CHASE CSP
--------$32,000-------------$30,000-----------$30,000-----------$30,000-----$13,000---------$18,200----------$15,000---------$6,500----

FICO - TU: 780 EX: 784 EQ: 781
Message 3 of 16
Valued Contributor

Re: 623 to 700....Please help

+1

The number of cards showing overboard utilization is killing you, not to mention you're also in jeopardy of any potential AA from current creditors (card A doesn't like the balance you show on card B, so they lower your limit, as you pay, or just cxl the card outright). The next item is that the lines showing no usage for a while can potentially be closed for "non usage," which will further reduce your available credit/utilization increase.

Message 4 of 16
Valued Contributor

Re: 623 to 700....Please help

+2...if you bring your overall util down to under 10 percent, you should see a nice jump Smiley Happy if you have any baddies, i'd work on those too!



GARDEN GOAL: MARCH 2014
LAST APP: 08/20/2013
---=[NORTHBOUND]=---
Message 5 of 16
Established Contributor

Re: 623 to 700....Please help


candiigraham wrote:

I've been reading the forums most of the day and finally wanted to ask a question. I would like to buy a house in the next year, but I don't have any idea how to raise my score from 623 to at least 700.  Credit histoy is as follow;

 

Discover 0% APR 1000 limit - 800 balance

Chase card through Amazon 0% APR 1000 limit - 950 balance

PayPal 26.99 % APR 700 limit - 500 balance

Old Navy 21.99 % APR 500 LIMIT -144 BAL

Childrens' place 24.99 % APR 400 LIMIT - 29 BAL

 

Open lines of credit w/ zero balance

 

Dell 2500 limit.  Haven't used in 3 years

Target 500 limit. No usage in 6 months

Kohls 500 limit. No usage in 6 months

Closed Cap 1. 500 limit paid off in 6 months and closed in June of this year. I think wrong move.

 

Approved 11/23/13 for ashley furniture through wells fargo for 0% APR for 24 months $3400 credit limit 1500 balance

 

Student loans will total $46,000 by the time I graduate. How do I increase my score? Besides reducing my balances, not sure of anything else I should/could do. No late payments in last 6 months. Thanks all is appreciated

 



1) Time for lates to age - time heals

2) Do not apply for anything

3) Your inactive cards- use and pay before statement (I had not used my Kohls card since July- made a purchase for $133 and paid it to 0 balance to beat my statement cut. Capital one for some reason reported the $133 off cycle for some reason but my score went up 7 points and said the reason was '1 of your previously dormant accounts reported recent activity'

4) Pay your balances down- You are too close to your limits on several cards.

100% Ficos: EX 780 , TU 783, EQ 776 inquiries last 2 years/1 year/6 months: EX-0/0/0, TU-0/0/0, EQ-1/0/0~ last credit card app 6/24/13- New car loan 3/8/2014- Discover IT $12,500~Kohls $1000~Amex BCE $4000~ Walmart Discover $7500~NFCU Signature CashRewards $23,300 Chase Freedom MC $6000~ Chase Amazon Visa $1900~ Cap 1/HSBC MC $3800~ Amazon Store $7000~ Fingerhut $1050
Message 6 of 16
Epic Contributor

Re: 623 to 700....Please help

#1 as all others said pay down pay down pay down

#2 and I say this scared but you need to keep target and kohls active with a small charge... Like go buy gum and wait for statement to come and pif!

 

Message 7 of 16
Community Leader
Senior Contributor

Re: 623 to 700....Please help


Creditaddict wrote:

#1 as all others said pay down pay down pay down

#2 and I say this scared but you need to keep target and kohls active with a small charge... Like go buy gum and wait for statement to come and pif!

 


+1

Message 8 of 16
Mega Contributor

Re: 623 to 700....Please help


Creditaddict wrote:

#1 as all others said pay down pay down pay down

#2 and I say this scared but you need to keep target and kohls active with a small charge... Like go buy gum and wait for statement to come and pif!

 


+2

Discover IT $17k / US Bank Ace (VSig) $13.5K / US Bank Cash+ (VSig) $13.5k
Sam's Mastercard $13.5k / Walmart Mastercard $10k / Blispay $7.5k PayPal Ex MC $10.8k
CareCredit 5k / Husq $5k / Cap1 QS $4.5k / Barclay Ring $4.85k / Citi DC (WMC) $10k
Gardening Date 7/01/16 / MyFico 08: EQ 801 / TU 777 / EX 771 / 06/08/17
Message 9 of 16
Established Member

Re: 623 to 700....Please help

Burned2many.........I'm sorry -  What is AA? The cards that have no usage, should be closed or buy something for $20 and pay off? what is garden?

Message 10 of 16