Reply
New Member
shaunc26
Posts: 2
Registered: ‎07-12-2012
0

How do i get my score up

i had a foreclosure three years ago with some revolving debt that charged off and shows bad debt.  I have since restablished with a truck loan and show a good history of 15 months no lates.  I have no other credit cards or installment loans in my name.  I am on three credit cards as an authorized user but the balances are close to the limit.  If these balances get paid down, will this help my score to go up?  I have old collections for medical on there since 04/08 and 09/09.  The revolving credit cards are from 03/08, and 04/07.  What can I do to get my scores up.  My Equifax scores is a 574.  Thanks Shaun

Valued Contributor
Repo-ed
Posts: 2,960
Registered: ‎02-09-2012
0

Re: How do i get my score up

Removing yourself as an AU from those nearly maxed cards would give you your quickest score increase.


shaunc26 wrote:

i had a foreclosure three years ago with some revolving debt that charged off and shows bad debt.  I have since restablished with a truck loan and show a good history of 15 months no lates.  I have no other credit cards or installment loans in my name.  I am on three credit cards as an authorized user but the balances are close to the limit.  If these balances get paid down, will this help my score to go up?  I have old collections for medical on there since 04/08 and 09/09.  The revolving credit cards are from 03/08, and 04/07.  What can I do to get my scores up.  My Equifax scores is a 574.  Thanks Shaun


As for the other stuff.  Are the CO's paid-in-full?

 

You may want to look into some secured cards 2-3, to help establish your own AAoA, and insure you keep your util% down.

 

But again, the first thing I would do, is remove myself as an AU from maxed accounts the high util is only hurting your score.

5/2012: 560 credit scores across the board and $500 secured CC
12/2014: 750+ scores across the board and $80k in revolving credit

Get those baddies removed!!!
New Member
shaunc26
Posts: 2
Registered: ‎07-12-2012
0

Re: How do i get my score up

Ok, what if the balances are paid down on the account that I am an authorized user on-will this help me at all?  The accounts have been opened for sometime.    I am trying to buy a home and cannot open any new lines.  The collections are not paid off because they are so old and I was told not to pay right now because it will drop my score.


myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}