do you think this is what's keeping me below 700?

[FinStar]

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@Anonymous wrote:

yeah FinStar. thinking time is a major factor here too. just need to see what a hear brings without new accounts.

tortoisewins i am more just curious, not really any plans. i do have an auto loan and just did a secured loan yesterday as i have things to buy but don't wanna part with $3k that easily lol. luckily no credit pull but still AAoA ding and new account when it reports. i have had autos on my report since i was 19 (2010)

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Since you're just on the cusp, I'm pretty sure you can get it over 700+.  The negatives, while still dragging your overall score, will eventually lessen the impact the further along the time scale inclusive of AAoA.  Now, you can try a couple experiments (provided you don't see a juicy card/offer on the horizon ).  Try the 1%-3% reported utilization method with your cards (i.e. all $0 but one), rotate them for an even spread for about 4-6 months (the longer the better) to see how it yields with the score movements.  The most recent inquiries will lessen the effect after 12 months, of course.

[Anonymous]

ok wow. just did some account evaluation and i am surprised my score is even this good considering my lates!! get this:

elan credit card (open) - one 30 day late 09/2014 and a 60 day late may 2013
chase (open) - one 30 day late 06/2012
NFCU auto (closed (ex wife's)) - one 30 day late 08/2014
cap1 (closed) - two 30 day lates on 08/2013 and 11/2013 and a 60 day late 09/2013
here's the biggie!
us dept education (closed and xferred to great lakes) - TEN 90 day lates as recent as 08/2014!!!!!!

it's current under great lakes, though. omg.

[Anonymous]

think i found why my scores can't reach 700 lol.

[sjt]

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@Anonymous wrote:
CCU $500 - $0
AmEx Hilton HHonors $1,000 - $0
Discover It $1,700 - $973
Chase Freedom $2,000 - $0
AmEx ED $2,000 - $245
WF Platinum $3,000 - $0
Cap1 QS $3,000 - $375
Cap1 QS $3,000 - not yet reporting
Barclaycard Sallie Mae $3,200 -$193
Amazon Prime $5,000 - $40?
Chase Marriott $5,000 - not reporting
Cap1 Venture $5,000 - not reporting
Kay Jewelers $5,300 - $0
NFCU Flagship $8,000 - $0
NFCU cashRewards $10,000 - $66
Lowes $12,000 - $0
Cap1 Venture $13,000 - $538


do you think reporting SO many cards (even though quite low balances) is keeping me below that 700 threshold? or would that probably not help it much?
EQ - 672
TU - 695
EX - 694

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I dont think its the number of cards. Its AAOA, the negs, and Inq. I would let your cards age, payoff some of your cards and you should hit 700 in six months or less.

[Gmood1]

You're doing great with that many negatives reporting! Holy crap!!!
Well...you answered your own question. Lol

[Anonymous]

yeah idk how i don't have a 450 lol

[Anonymous]

Our profiles are quite similar except for the lates.  I have 10 new accounts in a year with multiple accounts reporting under 10% utilization.  My own experimenting found the "1 account with 1-3% utilization" for best scores to be nothing more than a statement that gets repeated.  My scores go UP when multiple accounts report. Experian even likes to give me bonus points when an Au balance reports - every time my dh's Walmart card reports, my scores go up 10-13 pts and when we pay it off, I lose 10-11 pts.  

Your multiple lates are the equivalent of my one medical collection that is holding back my EX and EQ scores (based on my guestimation) and definitely your main issue.  I would bet your scores would easily be 730+ without them and everything else the same.  My TU score is clean with 10 accounts in the past year, 8 INQ in the last 12 months, 4 accounts reporting under 10%.  BTW - in 2 weeks when my accounts update, I will only have 1 account reporting. I will be curious to see exactly how many points my scores change.

[Anonymous]

thanks for the info

[Cookie2120987]

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@Anonymous wrote:
ok wow. just did some account evaluation and i am surprised my score is even this good considering my lates!! get this:

elan credit card (open) - one 30 day late 09/2014 and a 60 day late may 2013
chase (open) - one 30 day late 06/2012
NFCU auto (closed (ex wife's)) - one 30 day late 08/2014
cap1 (closed) - two 30 day lates on 08/2013 and 11/2013 and a 60 day late 09/2013
here's the biggie!
us dept education (closed and xferred to great lakes) - TEN 90 day lates as recent as 08/2014!!!!!!

it's current under great lakes, though. omg.

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You can break 700 across the board with lates from DOE, I had two accounts with nearly 20 total lates (will be dropping in like 16 months) and was able to break the 700 mark before my ex wife decides to abandon a vechile in both our names and I had to give it back as a voluntary, I JUST got my Transunion back to 650 and that repo dropped it well over 100 points.

time, that's all it is, and no new credit.

[Anonymous]

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@Anonymous wrote:
ok wow. just did some account evaluation and i am surprised my score is even this good considering my lates!! get this:

elan credit card (open) - one 30 day late 09/2014 and a 60 day late may 2013
chase (open) - one 30 day late 06/2012
NFCU auto (closed (ex wife's)) - one 30 day late 08/2014
cap1 (closed) - two 30 day lates on 08/2013 and 11/2013 and a 60 day late 09/2013
here's the biggie!
us dept education (closed and xferred to great lakes) - TEN 90 day lates as recent as 08/2014!!!!!!

it's current under great lakes, though. omg.

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This is exactly why your scores are low, and I wouldn't expect them to bounce up much higher (maybe to 720-730) until these fall off. I had a tax lien on my report. The month it fell off, my score jumped 80ish points. I suspect that when all of your lates come off, you may be joining the 800 club.