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[Achieve2012]

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[cobra19]

You note you currently have 2 open cc accounts which you keep well below 10% util. monthly. How well below 10%? Keeping cc balance between 3-4% seems to generate the best scores.

Also keep in mind not all creditors reprt to all 3 CRB's. You can call the auto company and see if, at this late date with the loan almost paid off, if they'll report to the other 2. I think having this car loan (an installment account) is helping you have a good mix of credit.

[Achieve2012]

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[Anonymous]

Your debt to credit ratio is the determining factor. If you can keep your overall debt to credit ratio below 10% you will see your FICO skyrocket. Your student loan is probably the killer item in there.

[Anonymous]

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CreditCardCow wrote:
Your debt to credit ratio is the determining factor. If you can keep your overall debt to credit ratio below 10% you will see your FICO skyrocket. Your student loan is probably the killer item in there.

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it not stundent loan as it's a installment, using most of your revolving credit, which is on "demand" credit that kills you

[fused]

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kymmie60115 wrote:

I have scores of 683tu, 693exp, and 680equ. I have recently paid my car loan down and the balance is at about $1,002 down from like $14,000. I have 2 open cc accounts which I keep well below 10% util monthly. I also have a student loan balance about $20,470 and one other installment account balance $4070. I was wondering should I have someone refinance the remainining balance on my car loan to make my scores go up, just to have a new account with a small balance? Or should I go ahead and pay it in full to have the scores go up. Also the auto loan account is only being reported to Equ. Should I have the account added to my other reports? The only reason I have not done so yet was beacuse the payments were so high ($610) that it made my debt to income ratio look bad and my total debt owed higher before the account was paid down. Any suggestions on what I can do to get at 700 or above?

Message Edited by kymmie60115 on 12-21-2007 05:31 AM

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A couple of things might be going on here. Are you certain that your reports are in fact reporting <10% util on your CCs. I say this because paying and reporting are two different things. Also, do you have any bad stuff on your reports, even an old 30 day late. Is everything reporting accurate?