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I have about 7-9 tradelines that have all been paid on time and all were opened in 6/12. Also I have about 10-15 inquiries on each report all from 6/12 so those become a year old as well. Now that its almost a year past should I expect to see some type of score bump or not really. Please anyone with input, greatly appreciated.
We need more detail as to what your profile looks like. Things like current util, # of baddies, last late, etc are all useful information. But I can tell you that high util is the fastest score killer.
It takes 2 years for inquries to fall off, what are the positive TL's? Collections that were paid?
Inquires only affect your score for one yr. But as stated above, we need more info about what your credit profile looks like.
DaBears
My history: I had a bankruptcy discharged in 7/2007, since then I've had about 8 collections/charge off accounts which I have tried to goodwill until the point they don't even respond anymore. Most are from 2008-09 when I had to stop working to take care of my mom and then went to college for my career, Every collection is paid, a couple accounts out of those are medical bills that are paid also for amounts like $30 and $138 There is one auto loan charge off that I satisfied by settling from 2011. I started trying to reestablish last year when I came across this forum. I have a total of 8 open and active tradeline which include car loan and credit cards all open in 6/12 and have never been late. Utilization is 0%, all balances are at 0. (I know I should charge a small amount to get in between 2-9%) I also have student loans that are not in repayment but I did just pay off one sallie mae student loan for $830. My last fico scores pull by a lender in 12/12 are EX: 673; TU04: 682; and myfico equifax is 661 currently on here. I know inquiries fall off in two years and after one year they don't "hurt" as much but will any points possibly be gained from those new accounts hitting the 1 year mark and the inquiries not hurting so much.
You wanna report all but one at 0 util. then rotate your cards every month. Fico does not have memory of what you have used during the month. keeping all your cards at a 0 util is showing fico you are not util the cards which will result at no score increases.