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Equifax now at 652

Frequent Contributor

Equifax now at 652

I just got an alert.  I gained 22 points.  I think it's because I am now 12 months out from my last 30 day late on a credit card.  I also paid my kohls bill in half to 50 percent utilization but that new balance has not reported yet.  Hoping to see a nice bump from that too.  Should I pay for a pull transunion do they usually increase at the same time ? I was 669 on that lat report from October 24th.  I am waiting on a prequalify action letter for a mortgage but I needed 9 points.  I looks like I got it.

Equifax my fico 629
Transunion my fico 669
Experian fako 663
Message 1 of 11
10 REPLIES
Moderator Emeritus

Re: Equifax now at 652

After a year 30 day lates lose a lot of their sting, and almost all after 2 years.  Hopefully you will see another bump from the decreased util.

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.
Message 2 of 11
Valued Contributor

Re: Equifax now at 652

Why not call the creditor that you have the late with and ask for a goodwill deletion if that is the only negative on your report and you can get your utilization down b4 close you could do a rapid rescore and get a better rate.much 


Starting Score: 0
Current Score: TR??FICOEQ ?? FICO
Goal Score: 760

Lowes7,000 Discover More 2800. Jcpenny 6,000
Chase freedom 800 Never take NO for an answer!!
Message 3 of 11
Valued Contributor

Re: Equifax now at 652

Congrats on the increase in score! Bringing down my util also helped me alot! I have found TU to be the last to update, usually about a week after the others. I would wait a bit before trying to get your TU score/report.

Starting Score: EQ 717 EX 724 TU 736
Current Score: EQ 832 EX 783 TU 816
App free since 9/15/15
Message 4 of 11
Regular Contributor

Re: Equifax now at 652

Congrats! That's pretty good feeling, huh? Hope you get your pre-approval letter!




Starting Score: 588
Current Score: 610
Goal Score: 650


Take the myFICO Fitness Challenge
Message 5 of 11
Regular Contributor

Re: Equifax now at 652

Congrats!

Message 6 of 11
Moderator Emeritus

Re: Equifax now at 652

I would be cautios when sending a GW letter for that late now.  You don't want them to throw the account into dispute while apping for a mortgage.

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.
Message 7 of 11
Regular Contributor

Re: Equifax now at 652

Shogun,
As far as the 30 day lates having less impact after a year, does the same theory hold true for 30 day lates on a mortgage? How about 60 day lates on a mortgage?
Message 8 of 11
New Member

Re: Equifax now at 652

What can I do toimprove score?  Do utilities paid on time help?

 

Message 9 of 11
Moderator Emeritus

Re: Equifax now at 652


ktm214 wrote:
Shogun,
As far as the 30 day lates having less impact after a year, does the same theory hold true for 30 day lates on a mortgage? How about 60 day lates on a mortgage?

Yes, it would be the same.  As far as the lates, 30 and 60 day lates are considered minor derogs and will diminish quickly.  90 and above however are major derogs and will still diminish over time but will still impact your score until they drop off.

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.
Message 10 of 11