@Anonymous wrote:
I need some advice. So I am trying to increase my credit scores as I have had some past credit damage. I have 3 collections which 2 have been removed, one I am settling with the other is on my report as paid from unpaid. Now I have one last collection am working to pay. Also my new accounts are going on 5 months, my average is 3 years, my oldest is going on 5 years. I am at a very high utilization now 97% but am paying it down to below 30% on the 3rd of November. I only have $600 and I am trying to apply for more credit but fear am applying for too much to soon after opening my new accounts. Also I know I need to bring my utilzation way down. Here are my current fico scores.
TU 595, EX 586, EQ 550, however I think my Equifax is awfully low and do not know why. Could it be they are not updating? Also what will it take to drastically increase my score? I am looking to get up to 670, 680 within 6 months. I think my scores are still updating so is it possible to get my scores at 670-680 in 6 months? I would even be happy if I could get up to 650 in 6 months. Any advice is helpful.
I think the high UTI is what is killing your scores right now. It will also hinder your attempts to get more credit.
If you can pay each CC below 30% and also all combined below 30% taht will give you an instant boost. The UTI calculation changes each time a CC reports and it doesnt remember what the previous one was. So August and September and all months will be separate.
I think you can get to 650 and above in 6 more months, but UTI is critical. It is 30% of your score every month. Bring that down and you will see better scores and better opportunities.
HTH
