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Valued Contributor
Posts: 1,266
Registered: ‎09-22-2009
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Re: Raising My Fico Score


b71913 wrote:

No baddies at all.


Then I don't get it.  My AAoA is 12 years, I let a balance report of less than 1% on one account only, I have a mortgage at a 40% still outstanding, and three closed and paid auto loans.  No baddies, and a 26 year credit history.  ALL of my scores are over 800.  Unless there is something that you aren't divulging, I don't understand why your scores aren't even BETTER than mine.  

EQ FICO - EQ08 - 850 - 01/01/15
TU FICO - TU08 - 850 - 01/01/15
EX FICO - EX08 - 850 - 01/01/15
EX FICO - V2 - 840 - 01/01/15
EQ FICO - EQ04 - 818 - 01/01/15
EQ FICO - Bankcard Enhanced 8 - 885 - 1/24/15
Contributor
Posts: 103
Registered: ‎05-17-2009
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Re: Raising My Fico Score

Nothing more i can do, im going to try to leave a high balance on one card and see what it does. I did forget to add this , I have about 40 credit cards, but the store and gas cards are all put away. I only use my Discover,Chase,Am-Ex,Barclays,Us Bank,Regions bank on a regular basis

CC: Amex Green ( NPSL) Amex BCE ( 38.1 K ) US Bank Sig Cash ( 20K ) Pen Fed (42K) Chase Freedom ( 7.5K) Discover More (22K ) Cap 1 QSilver (10K) Barclays Rewards (9K) Care Credit (5.5k) Sears (12K) JC Pennys (6K) Dell (15K) Key Bank (19k ) Key Bank (16K) FFO (7.5 K) Shell ( 600) OCCU ( 20K ) City TY (10.5K) CSP (17.5k) Regions ( 18K )Simmons (15K) Regions BLOC (125K) Fuel Rewards MC(10K )Amex Hilton ( 23k)

TU ( MFICO 5/11/14) 812
EQ ( MFICO 5/11/14) 790
EX ( MFICO 5/11/14) 805

Frequent Contributor
Posts: 673
Registered: ‎04-23-2009
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Re: Raising My Fico Score

My gosh 40 cards?  What the heck!

 

That's a lot of cards!!


Starting Score: EQ FICO 777
Current Score: EQ FICO 803
Goal Score: EQ FICO 810


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Contributor
Posts: 103
Registered: ‎05-17-2009
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Re: Raising My Fico Score

Lol, I got most of them when I was college and that was in the 90's

CC: Amex Green ( NPSL) Amex BCE ( 38.1 K ) US Bank Sig Cash ( 20K ) Pen Fed (42K) Chase Freedom ( 7.5K) Discover More (22K ) Cap 1 QSilver (10K) Barclays Rewards (9K) Care Credit (5.5k) Sears (12K) JC Pennys (6K) Dell (15K) Key Bank (19k ) Key Bank (16K) FFO (7.5 K) Shell ( 600) OCCU ( 20K ) City TY (10.5K) CSP (17.5k) Regions ( 18K )Simmons (15K) Regions BLOC (125K) Fuel Rewards MC(10K )Amex Hilton ( 23k)

TU ( MFICO 5/11/14) 812
EQ ( MFICO 5/11/14) 790
EX ( MFICO 5/11/14) 805

Established Contributor
Posts: 982
Registered: ‎03-22-2012
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Re: Raising My Fico Score

WOW! That's a lot of cards!

I don't know for sure but you may be getting dings for too many accounts.

Let me ask you a question. Did the loan officer ask you about why you had so many cards when you applied for your mortgage?

I mean if I was a loan officer and opened your report I would be like "What the heck is with that?"

You might consider trimming those down to somewhere around 10 cards or so.

Get rid of all the low CL cards and cards you don't use, first.



Starting Score: EQ 658 6/18/12
Current Score: EQ 690 11/17/14 - EX 687 7/21/14 - TU 701 12/8/14
Goal Score: EQ 720+
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Moderator Emeritus
Posts: 10,854
Registered: ‎12-30-2011
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Re: Raising My Fico Score

[ Edited ]

jamie123 wrote:

WOW! That's a lot of cards!

I don't know for sure but you may be getting dings for too many accounts.

Let me ask you a question. Did the loan officer ask you about why you had so many cards when you applied for your mortgage?

I mean if I was a loan officer and opened your report I would be like "What the heck is with that?"

You might consider trimming those down to somewhere around 10 cards or so.

Get rid of all the low CL cards and cards you don't use, first.


+1

 

I've always theorized there was some number of cards beyond which would be a negative score wise.  40 cards is so laughably far out on the bell curve, it's hard to imagine that people (and FICO) wouldn't look askance at it.

 

Likewise I'd close a bunch of accounts, if you're only using 6-8 of them, what are the other 30+ doing?  Are they relaly still active after all this time?

 

Starting Score: EQ 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 683, EQ 8 690, TU 710, EX 715 (01/01/15)
Goal Score: 700 on EQ 04 (01/01/16)


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