I've been hard at work on my credit and got my score up from 632 to 722 since last April. I shop at Costco like crazy and have really wanted the Amex True Earnings, but kept reading how hard it was to get. Last week I check the Amex sight and saw I prequalified for the Gold card, so I applied online and got approved instantly. I was feeling pretty good so I also submitted an app for the Costco card. After agonizing for days, I checked online and saw that I was approved!!
Better yet, I was an AU on my uncles card in 1989 and they are backdating my cards to 1989!!
This was such a thrill for me, as I've come a long way. I'm hoping that the 20+ years on two accounts will help my score even more. We plan to apply for Residential Construction Loan to build our dream house in the fall and I want my score over 750 to get the best rate possible.
The score of 722 is my FICO EQ score. I don't know the others, but the reports contain pretty much the same info.
Was really pleased that I got approved even with these lingering baddies:
Baddies that won’t budge:
Cap One Charge off from ‘05
Citibank – opened '93 closed in ’05, charged off 4/09, paid settlement 04/10
Citibank – opened ' 04closed in ’05, paid 02/11, lates from 09/08
Sallie Mae opned '05 – lates 07/2009=I4,06/2009=I4,07/2008=I5
Paypal opened ''08– 30 dy late 04/08 (still bugging them to goodwill!)
Length of Credit History:18 Years , 5 Months
Average Account Age: 9 Years, 5 Months
Utilization 26%
Wells Fargo Mortgage – not reporting 7+ yrs of perfect payments because account was not reaffirmed when hubby filed bankruptcy in ’05 !!?
Ideally you don't get any new credit within six months of going for a mortgage, which presumably includes construction loans.
