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Valued Member
Posts: 38
Registered: ‎03-22-2012
0

Re: My Situation.

It is currently 60%

 

I know its not the best, the problem is If i use them one time it puts them at a high ratio because they are so small. Should i just pay them off and not use them for a bit?

Starting Fico Score 589 Current 640

QSO $2000 ; Cap 1 Secured $300 ; First Premiere Secured ; $300 ; Piedmont Advantage CU CC $1000 ; Barclay s Rewards $1000 ; Chase Amazon Visa $500



In the Garden 5/14 until 5/15
Moderator
Posts: 27,207
Registered: ‎09-13-2012
0

Re: My Situation.

Util does not have a memory as far as FICO is concerned. If you are contemplating apping or asking for CLI's, your current situation would need to be adjusted. 60% is too high and it is adversely impacting your score. For optimal scoring, allow one cc to report a balance and have a util of 1-10% report.
Valued Member
Posts: 38
Registered: ‎03-22-2012
0

Re: My Situation.

So do i keep the two low $300 SC's?

Starting Fico Score 589 Current 640

QSO $2000 ; Cap 1 Secured $300 ; First Premiere Secured ; $300 ; Piedmont Advantage CU CC $1000 ; Barclay s Rewards $1000 ; Chase Amazon Visa $500



In the Garden 5/14 until 5/15
Moderator
Posts: 27,207
Registered: ‎09-13-2012
0

Re: My Situation.

IMO, you are not in the position to close anything. Your util would just go higher. Pay your debt down, your score will go up.
Established Member
Posts: 35
Registered: ‎05-01-2012
0

Re: My Situation.

I think you need to buy a FICO score. The score your quoting is not really relevant in to lenders so it really has no weight in your situation. You might be pleasantly surprised
Epic Contributor
Posts: 25,866
Registered: ‎10-23-2007
0

Re: My Situation.

What was score when credit union gave you car and credit card?
No lates?

You need to pull at least 1 fico and see... You don't hit 510 with things being current!
Fico Scores 8: EX 694. TU 689. EQ 658. 05/26/2015
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Valued Contributor
Posts: 1,257
Registered: ‎03-22-2012
0

Re: My Situation.

Okay...First off...

 

Don't close anything! If you close your cards your scores will go DOWN and not up!

 

It would really help if we had some additional scores to give you more accurate advice. People that have thin files, as you do, sometimes get really screwy scores from the free score websites. (All the free score websites are not very accurate.) If you don't want to pay for a score here at MyFICO you can try a few other free score websites and stop back here with the results. It would help us tremendously and you can even see if you have any other additional baddies that you are unaware of.

 

Try these websites:

 

CreditKarma.com

CreditSesame.com

Credit.com

 

Each one of these sites has its plusses and minuses and none of their scores are completely accurate but are usually in the ballpark.

 

Get your scores and report back here.



Starting Score: EQ 658 6/18/12
Current Score: EQ 705 6/21/15 - EX 783 6/21/15 - TU 707 6/21/15
Goal Score: EQ 720+
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