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Raising My Fico Score

Contributor

Raising My Fico Score

I have been reading this forum for about 3 yrs, and im hoping someone can tell me how to raise my Fico scores, I used 6-8 credit cards each month and always PIF and leave one with a small balance. I have a mortgage , 3 PIF auto loans, My Fico scores as of 6/28/12 are:

 

TU   - 742

EQU- 738

Exp-  761 ( A-EX pull)

 

My scores never change , so how can i get a better Fico score, I have tried almost everything, I have seem on here but nothing seems to work. My AAOA is 17 yrs , I have only 1 inq on Tu and 2 on Exp. No baddies on my reports.i would like to hit the 800 club one day

 

Thanks

 

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

Message 1 of 16
15 REPLIES
Established Contributor

Re: Raising My Fico Score

You need an installment loan, type of credit is a factor. No mortgage?
"As long as the music is playing, you've got to get up and dance," he said. "We're still dancing."---Prince CEO Citi Bank

"Money isn't the most important thing in life, but it's reasonably close to oxygen on the "gotta have it" scale". ~Zig Ziglar
Message 2 of 16
Contributor

Re: Raising My Fico Score

I have a mortage loan, and i have a installment loan thru my credit union

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

Message 3 of 16
Frequent Contributor

Re: Raising My Fico Score

Make sure when you PIF each month your paying before the statement date and not just the due date to ensure that your reporting a zero Utilization. 


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


Take the FICO Fitness Challenge

Message 4 of 16
Super Contributor

Re: Raising My Fico Score

When you say that you PIF your cards, are you paying before or after the statement ? It's the balances on your statement that are reported to the CRAs and factored into FICO® scoring. To optimize your revolving utilization you want only one card reporting a balance ( less than 9% ) and all the other cards reporting a zero balance.
March2010 FICO® ~ 695 TU, 653 EQ, 697 EX
Message 5 of 16
Contributor

Re: Raising My Fico Score

Thanks , and yes I always make sure to pay before the statement date, since i have low inquires should i apply for some more credit cards, I know by reading on here your fico will drop , but will go back up in a few months, and my limits are pretty good on my cards.

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

Message 6 of 16
Valued Contributor

Re: Raising My Fico Score


b71913 wrote:

I have been reading this forum for about 3 yrs, and im hoping someone can tell me how to raise my Fico scores, I used 6-8 credit cards each month and always PIF and leave one with a small balance. I have a mortgage , 3 PIF auto loans, My Fico scores as of 6/28/12 are:

 

TU   - 742

EQU- 738

Exp-  761 ( A-EX pull)

 

My scores never change , so how can i get a better Fico score, I have tried almost everything, I have seem on here but nothing seems to work. My AAOA is 17 yrs , I have only 1 inq on Tu and 2 on Exp. No baddies on my reports.i would like to hit the 800 club one day

 

Thanks

 


Assuming you have no derogatories, i don't know why your score isn't higher.  Do you have any baddies at all?

EQ Fico 8 - 846
TU Fico 8 - 848
EX Fico 8 - 836
Message 7 of 16
Established Contributor

Re: Raising My Fico Score

You have enough accounts, plenty of file length, low to no uti, only thing else I could think of is carry a bigger balance one month and see what happens
"As long as the music is playing, you've got to get up and dance," he said. "We're still dancing."---Prince CEO Citi Bank

"Money isn't the most important thing in life, but it's reasonably close to oxygen on the "gotta have it" scale". ~Zig Ziglar
Message 8 of 16
Contributor

Re: Raising My Fico Score

Thanks , Ill try that and see what it does, if i leave a balance lets say 3-5000, and I  PIF the following month, wont my scorces go back down?

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

Message 9 of 16
Contributor

Re: Raising My Fico Score

No baddies at all.

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

Message 10 of 16