Reply
New Contributor
Posts: 56
Registered: ‎04-20-2007
0

How much of a jump (if any) can I expect?

[ Edited ]

I am anxiously trying to get all my 3 scores at 720 by September.  I have paid off all revolving debt, I have 1-30 day late that will be 1 year old in May of this year, The other 30-days are over 5 yrs old (but still reporting- from a time in 08-09 when I was on medical leave)  My AAoA is 11 years.  I have a current auto loan that is 3 yrs old and current.  My total revolving debit is 15K and I never had any COs or Bankruptcy. An old IRS Tax Lien was totally withdrawn and no longer reporting on any of the 3 CBs.  My current EQ is 670 and TU 686.  I am hoping that the "maturing" of the 30-day will give me a much needed boost.  I have to get my scores up by 50 points in6 months.  Anyone with any thoughts as to how much a jump I can expect?  My most recent HP was in November 2012 when I tried to pre-qual for a mortgage (found out the hard way that my bank's credit score was a FAKO and did not correlate well with FICO)



Starting Score: 5 43 Ex May 2012 EQ May 2012 550
Apr 2013 Score: Apr 2013 TU/ 683 Ex /670 EQ/ 686

Dec 2013 EQ/751 TU/730 EX 762

Goal Score: 740


Take the myFICO Fitness Challenge
Regular Contributor
Posts: 221
Registered: ‎06-12-2012
0

Re: How much of a jump (if any) can I expect?

You said your total revolving debt is 15K and paid off. So what is your utilization at now? Zero percent?

New Contributor
Posts: 56
Registered: ‎04-20-2007
0

Re: How much of a jump (if any) can I expect?

Fluctuates between 0% and 4% each month.  I have some website fees that bill to one of my cards monthly.  Other than those (and the pesky 7.00 monthly "membership fee" charged by First Premier- I have nothing on my revolving)  ---and the reason I have not closed the First Premier accounts is that I don't want my AAoA to take a dive and lower my scores.  Once I get the mortgage approved and closed, trust me, I will drop those First Premier Cards like a bad crack habit!!



Starting Score: 5 43 Ex May 2012 EQ May 2012 550
Apr 2013 Score: Apr 2013 TU/ 683 Ex /670 EQ/ 686

Dec 2013 EQ/751 TU/730 EX 762

Goal Score: 740


Take the myFICO Fitness Challenge
Valued Contributor
Posts: 1,524
Registered: ‎08-30-2012
0

Re: How much of a jump (if any) can I expect?

50 points is possible.

 

I would GW the late. Since it's almost been a year and you have been current, you stand a chance at them being nice to you and removing it.

 

The trick with your credit score is faking out FICO. I would always let a balance report, albeit, on one of your lowest APR cards but nothing over 9% of your total revolving line. For you that would be $1350.

 

 


Starting Score: EQ 511 TU 552 EX 545 8/29/2012
Current Score: TU 712|EQ 695|EXP 723 (FICO)
What's in my wallet? Cap1 PLAT AU $4.25k; Cap1 QS AU $2k; NFCU Siggy $45k; $5k WalMart MC; CFNA Firestone $1.8k; Amazon $3k; NFCU Cash Rewards $22K; AMEX BCE $21k; NavCheck $15k; Lowe's $10k; Citi DP $7.7k; AMEX ED $8.5k; Chase Freedom $4.5k
Goal Score: 700 across the board.
Take the FICO Fitness Challenge
My Journey
New Contributor
Posts: 56
Registered: ‎04-20-2007
0

Re: How much of a jump (if any) can I expect?

Yeah, I have GW'd the 30-day late every other month since it occured and I get the same, standard "we cannot remove accurately reporting information...yadda..yadda"  so I will continue to drip away at them like a dripping faucet until somehow, somewhere, someone will open the letter and decide to do the deletion.  50points is exactly what I need across the board on all 3 CBs.

 



Starting Score: 5 43 Ex May 2012 EQ May 2012 550
Apr 2013 Score: Apr 2013 TU/ 683 Ex /670 EQ/ 686

Dec 2013 EQ/751 TU/730 EX 762

Goal Score: 740


Take the myFICO Fitness Challenge
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.