Payment history is the highest-weighted scoring category.
Scoring under payment history is based on an initial categorization of your file history based on broad factors which then place you into a scoring category, or "bucket," with resulting scoring done by comparison with others who have similar profiles.
Scorecard categorization, or bucketing, generally keeps you in a less-favorable category until your credit report is free of all major derogs.
Thus, score improvement in this critical category is often stagnant until the last major derog is excluded or deleted.
Major derogs include 90+ monthly delinquencies, a charge-off, collection, or any public record.
What are your specific payment history derogs, and what actions have you taken to remove the major derogs?
That's not accurate. Once 7 years is up it's up, there's no clock resetting. It's all based on the date of the reported delinquency, which does not change if you attempt to get it removed.
Have been stuck in these ranges for awhile
Current Scores are this
Have a 13 % credit utilization rate on 14,050 available credit
4 derogatory marks that are from 2012
28 total accounts
4 years 3 months average age of credit history
17 hard inquiries
90 % on time payment history
I don't see what else I can really do to make my credit rise other than waiting for the derogatory marks to be removed.
Does anybody else have any ideas for raising the credit to the 700 range?
1. Get your overall utilization down to 9% or less.
2. Maintain individual card utilization at 28% or less.
3. Try to have as many zero balances reporting as possible, but not zero. Ideal is to have all cards but one reporting zero balance, with the one card reporting a small balance.
4. Send as many verification letters as possible to the bureaus to try to get rid of some of the negatives.
5. Don't apply for any new credit or any CLI's that involve a hard pull.