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 An old IRS Tax Lien was totally withdrawn and no longer reporting on any of the 3 CBs.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)
You said your total revolving debt is 15K and paid off. So what is your utilization at now? Zero percent?
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!!
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.
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.