650 not a okay score anymore?

[ShinBeats]

My transunion score per barlcay and discover is 651, my FICO Equifax is 642 and Experian 647. My profile looks like:

NFCU: $1910/4000 - 1 month old

NFCU: 1860/2000 - 3 years old

Discover IT: 100/1450 - 2 months old

Apple Barclay: 830/1200 - 4 months old

Merrick Bank: 0/1000 - 1 Year and  half old

CapitalOne QS: 0/1000 - 4 years old

CapitalOne QS: 0/1250 - 3 years old

First Premier: 0/300 - 4 years old

First Premier: 0/300- 4 years old

AU Amex Gold - 29 years old

Unpaid BOA Charge Off from 2008, Unpaid Spritn chargeoff from 2008....
5 Inquiries in the past  year.

No lates since 2011.

Chase, Citi, AMEX, and even PenFed PreQual showed me nothing. I felt downright insulted when US BANK offered me a US Bank Contour prepaid.
I just feel like i'm getting nowhere fast...

[-NewGuy-]

The two CO are doing a number on your score. Any chance that you can work on getting them removed?

[ShinBeats]

The BOA Charge off is from 2008 for 1,800, and from what I understand the only way it could be removed is if I paid in full. Equifax informed me that this would fall off of my report in 06/2015. Would you pay it off or wait the year? Only way I could see myself paying it is putting it on my NFCU CC.

[-NewGuy-]

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@ShinBeats wrote:

The BOA Charge off is from 2008 for 1,800, and from what I understand the only way it could be removed is if I paid in full. Equifax informed me that this would fall off of my report in 06/2015. Would you pay it off or wait the year? Only way I could see myself paying it is putting it on my NFCU CC.

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Well, simply paying it won't get it removed. The creditor would still have to remove the negative. Did they tell you that they would be willing to if you paid?

[H14]

No need to incur CC debt you can't afford. I'd wait the year. 

Is doing something about the Sprint one an option for you?

[ShinBeats]

Right, I was saying they are open to a pay for delete if I pay in full.

As far as the Sprint one, it's for 486 dollars and also falls off next year. This I could afford to PFD if the CA agrees.

I feel like my only hope to at least have a 680 is if everything was paid down to an overal utilization of less than 15%.

[takeshi74]

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@ShinBeats wrote:

The BOA Charge off is from 2008 for 1,800, and from what I understand the only way it could be removed is if I paid in full. Equifax informed me that this would fall off of my report in 06/2015. Would you pay it off or wait the year? Only way I could see myself paying it is putting it on my NFCU CC.

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What we would do wouldn't matter.  $1,800 is something I'd PFD if it was dragging me down but my finances are not yours so you need to do whatever makes sense for you.  If you want youre score to improve ASAP then you need to address the derogs.  If you're willing to wait it out and see no need to deal with those creditors (falling off doesn't make them cease to exist) in the future you can certainly wait for them to fall off.

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@ShinBeats wrote:

I felt downright insulted when US BANK offered me a US Bank Contour prepaid.

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Their offer is based on your credit.  They're not just choosing to "insult" you.  Deinitely do whatever you can to avoid derogs in future.

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@ShinBeats wrote:

I feel like my only hope to at least have a 680 is if everything was paid down to an overal utilization of less than 15%.

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Payment History and Utilization are the biggest slices:

http://www.myfico.com/crediteducation/whatsinyourscore.aspx

Definitely bring the cards above 30% down below that mark.  Your overall is above 30% as well.

[TheConductor]

In the past 4 months you have more than doubled your total available credit with your three new accounts. And the majority of that is from the two accounts 2 months old or less.

Under the circumstances, regardless of score, you could expect many creditors to take a "wait and see" approach to extending you more credit.

[wmweeza]

I  would say that since the credit crash that lenders are being much more conservative when it comes to scores, so a 650 in 2006 is probably like a 700 is now. Yes some credit is flowing more now, the recovery is moving along (slowly) but no, I don't think 650 is good anymore. Okay, maybe, but not good if you are seeking out a mortgage etc

[TheGardner]

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@ShinBeats wrote:

My transunion score per barlcay and discover is 651, my FICO Equifax is 642 and Experian 647. My profile looks like:

NFCU: $1910/4000 - 1 month old

NFCU: 1860/2000 - 3 years old

Discover IT: 100/1450 - 2 months old

Apple Barclay: 830/1200 - 4 months old

Merrick Bank: 0/1000 - 1 Year and  half old

CapitalOne QS: 0/1000 - 4 years old

CapitalOne QS: 0/1250 - 3 years old

First Premier: 0/300 - 4 years old

First Premier: 0/300- 4 years old

AU Amex Gold - 29 years old

Unpaid BOA Charge Off from 2008, Unpaid Spritn chargeoff from 2008....
5 Inquiries in the past  year.

No lates since 2011.

Chase, Citi, AMEX, and even PenFed PreQual showed me nothing. I felt downright insulted when US BANK offered me a US Bank Contour prepaid.
I just feel like i'm getting nowhere fast...

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One card that counts as maxed and 2 others reporting around 50% are hurting you good. Are your charge offs reporting monthly? One or more can be which would also be weighing your score down.