Reply
New Member
E78K
Posts: 5
Registered: ‎07-22-2013

Re: CC or Loan? Best way to improve credit rating?

Thanks everyone for your input.

 

EZ,

I should have clarified.  I do not need to do any of those (car, mortgage) in at least the next 12 months.  However, I would like to take actions to raise my score if I can.  So that is why I wanted to see if spending that 'day' applying would be helpful as the history of hard pulls would be gone prior to my next car etc...  I can continue to pay it down as I am currently doing but in all reality I do not see a significant impact to the available credit for a few years.

Established Contributor
lhcole77
Posts: 983
Registered: ‎09-18-2012

Re: CC or Loan? Best way to improve credit rating?

I vote for CLIs and/or opening another Navy cc.

 

Lowering your overall UTL will raise score. Wether you do this through new cards or a loan is personal choice.

 

 




EX08 FICO 738. EQ08 FICO 736. TU08 FICO 732.
New Member
E78K
Posts: 5
Registered: ‎07-22-2013

Re: CC or Loan? Best way to improve credit rating?

Does anyone know if there is a way to actually speak to someone who can say, 'Well this guy was an idiot who only closed his old accounts.  He accidentally made it seem like he over extended. Since I have the authority I can waive his current rating and ....'


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+