Who will grant me a point of grace?

[VALoanMaster]

Yeah it is definitely the opposite of most cases but that's the credit scoring model for you.

[VALoanMaster]

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@Anonymous wrote:

How odd! Unless they increased from 0?? I am sitting at 5% on my Chase card. 2% overall. I also have Amex and Walmart. All student loan (since it was sold) and car payments are on time. Unless I can beg Target to remove a card I let be written off before paying it, not due to drop for a little over 2 years, I don't know what else I can do.

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You need to have a lender review your credit & run one of the available score simulators to see whether or not there is a way to get a 1 point increase.

[Anonymous]

Do you think that just waiting another month or 2 would give you the bump you are looking for?

Its that much further from your Target derog.

[Anonymous]

The Quicken lender had one of their credit guys call me and he said he had no recommendations for me except to keep on. Can I assume that he did run some scenarios to come ot that conclusion? I really wanted to buy soon.

[krielly]

sigh......wouldn't put too much stock in what Quicken has to say.....maybe if you post more details about your AAOA, etc, someone can chime in.

Wouldn't hurt to see what bringing your utilization on that card down to 1% or less (not 0) would do.......

K

[StartingOver10]

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@Anonymous wrote:

How odd! Unless they increased from 0?? I am sitting at 5% on my Chase card. 2% overall. I also have Amex and Walmart. All student loan (since it was sold) and car payments are on time. Unless I can beg Target to remove a card I let be written off before paying it, not due to drop for a little over 2 years, I don't know what else I can do.

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Can you post details about your credit (not name or anything personal) just current balance, credit limits and last late payment. I assume you are looking at your mortgage scores and not FICO 8, right?

I know that if you have had the same card not report any balance for a long time it will be taken out of the scoring algorithm which can hurt - that's why sometimes putting a small charge on a card and letting it report helps you.

[Anonymous]

I have Amex (5/16) 3k limit, last balance reported in December

Walmart (1/16) 5k limit, balance last reported in December

Chase (9/16) $6k limit balance of $320

Car loan with no lates, owe about 24k.

AAoA 13.6 years due to ancient student loans, noiw in repayment after being sold. Last late maybe 3 years ago under old lender. 4 loans totalling maybe 18k.

Prior car loan I had multiple lates on in the 30 day bucket. Last one reported was 2 years ago to EQ and TU and 11/15 to EX (due to how my loan was processed but thye would not budge).

Random closed cards in good status and an auto loan with no lates but all these are at least 6-7 years old.

A Target card that I settled at half the amount owed (equal to original debt). Settled 1/16 but EQ reports it as late for that date after no late monthly updates. I really do not like how they report paid off debts. I would have been better off not paying it, I think.

That's it!

[VALoanMaster]

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@Anonymous wrote:

I have Amex (5/16) 3k limit, last balance reported in December

Walmart (1/16) 5k limit, balance last reported in December

Chase (9/16) $6k limit balance of $320

Car loan with no lates, owe about 24k.

AAoA 13.6 years due to ancient student loans, noiw in repayment after being sold. Last late maybe 3 years ago under old lender. 4 loans totalling maybe 18k.

Prior car loan I had multiple lates on in the 30 day bucket. Last one reported was 2 years ago to EQ and TU and 11/15 to EX (due to how my loan was processed but thye would not budge).

Random closed cards in good status and an auto loan with no lates but all these are at least 6-7 years old.

A Target card that I settled at half the amount owed (equal to original debt). Settled 1/16 but EQ reports it as late for that date after no late monthly updates. I really do not like how they report paid off debts. I would have been better off not paying it, I think.

That's it!

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So all 3 credit cards were opened in the last 12 months? Also, what is the balance on Amex & Walmart? 

How was the Target card reporting prior to pying it off & how does it report now?

[cmony787]

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@Anonymous wrote:

I have Amex (5/16) 3k limit, last balance reported in December

Walmart (1/16) 5k limit, balance last reported in December

Chase (9/16) $6k limit balance of $320

Car loan with no lates, owe about 24k.

AAoA 13.6 years due to ancient student loans, noiw in repayment after being sold. Last late maybe 3 years ago under old lender. 4 loans totalling maybe 18k.

Prior car loan I had multiple lates on in the 30 day bucket. Last one reported was 2 years ago to EQ and TU and 11/15 to EX (due to how my loan was processed but thye would not budge).

Random closed cards in good status and an auto loan with no lates but all these are at least 6-7 years old.

A Target card that I settled at half the amount owed (equal to original debt). Settled 1/16 but EQ reports it as late for that date after no late monthly updates. I really do not like how they report paid off debts. I would have been better off not paying it, I think.

That's it!

What is % of payoff on these in relation to original balance.  If student loans have just been sold and are reporting close to 100% loan to balance, if funds are availabe pay these down under 80%.  There was a good thread on revolving loans original balance vs reported and impact to score that I will try and link.