Reply
Valued Member
Posts: 39
Registered: ‎07-13-2011
0

best option to increase score fast

Hi all:

 

i have 2 capital ones one with 500.00 C/L and one 750.00 C/L and balances about the same amount

 

I have a premierecreditcard 300.00 C/L balnce 250.00

 

I also have Radioshack with 700.00 C/L and balance 30.00,  Dell C/L 3000.00 and balance 50.00

 

Barclays Apple....1200.00 C/L and balance 1100.00

 

Question is ?

 

If i have the money available for next month payment on all the accounts.....whats the best suggestion ....pay them off entirely and leave only one with 9% balance or

leave 9% or less on all of the above?

 

Thanks everyone for your help


Starting Score: 545 09/24/2011
Current Score: 652 02/27/12 EQ myfico pulled , 656 02/27/12 TU MyFico Pulled , 695 02/27/12 TU USAA FAKO Score
Goal Score: 700 by july 2012


Take the FICO Fitness Challenge

Valued Contributor
Posts: 1,971
Registered: ‎02-06-2011
0

Re: best option to increase score fast

[ Edited ]

Jtellez5 wrote:

Hi all:

 

i have 2 capital ones one with 500.00 C/L and one 750.00 C/L and balances about the same amount

 

I have a premierecreditcard 300.00 C/L balnce 250.00

 

I also have Radioshack with 700.00 C/L and balance 30.00,  Dell C/L 3000.00 and balance 50.00

 

Barclays Apple....1200.00 C/L and balance 1100.00

 

Question is ?

 

If i have the money available for next month payment on all the accounts.....whats the best suggestion ....pay them off entirely and leave only one with 9% balance or

leave 9% or less on all of the above?

 

Thanks everyone for your help


Pay them ALL off except ONE, let it report <9% of its credit limit (your util). You will probably see better scores if you could get that one CC you're leaving the bal on to about 1-5% of its credit limit (your util).


Starting Score: 583
Current Score: 3-03-12-EQ-802 TU-806 EX-798 (EQ Beacon 9: 804 Lender Pull 3-08-12) All FICO's
Goal Score: 800+ across all three

Take the FICO Fitness Challenge


Valued Member
Posts: 39
Registered: ‎07-13-2011
0

Re: best option to increase score fast

Thank you, i was going to go the other route , but I also read some more posts abou this and they agree...

 

 


Starting Score: 545 09/24/2011
Current Score: 652 02/27/12 EQ myfico pulled , 656 02/27/12 TU MyFico Pulled , 695 02/27/12 TU USAA FAKO Score
Goal Score: 700 by july 2012


Take the FICO Fitness Challenge

Frequent Contributor
Posts: 306
Registered: ‎01-12-2011
0

Re: best option to increase score fast

+1

 

pay them off entirely and leave only one with 9% balance


Starting Score: EQ 515 TU 490 EXfaco 510
Current Score: EQ 660 TU 665 EXplus 661
Goal Score: 700


Take the FICO Fitness Challenge
Valued Contributor
Posts: 1,971
Registered: ‎02-06-2011
0

Re: best option to increase score fast


xlr8d wrote:

+1

 

pay them off entirely and leave only one with 9% balance or lower, 1-5% would probably yield you your best scores.


 


Starting Score: 583
Current Score: 3-03-12-EQ-802 TU-806 EX-798 (EQ Beacon 9: 804 Lender Pull 3-08-12) All FICO's
Goal Score: 800+ across all three

Take the FICO Fitness Challenge


Highlighted
Valued Member
Posts: 39
Registered: ‎07-13-2011
0

Re: best option to increase score fast

Thanks to all for your contribution....

 

what i 've been doing this past months is using the available credit on cap one specifically as amex....ex paying almost the full amount every month, and waiting after the statement date for using them.

 

It has been working well so far, but thats going to be my next step towards getting me a real Amex.

 

With this new ideas , I hope my credit score speeds up,

 

i have some collections which i cant do nothing about them, so I just wait tll they get deleted.

 

 

this forum is so helpful , thanks again for nice work.


Starting Score: 545 09/24/2011
Current Score: 652 02/27/12 EQ myfico pulled , 656 02/27/12 TU MyFico Pulled , 695 02/27/12 TU USAA FAKO Score
Goal Score: 700 by july 2012


Take the FICO Fitness Challenge

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.