I'm Stuck...

[Anonymous]

I'm stuck at my present score of 625... I've been at 625 for about 3 months...

Is there anything else I can do to boost up my score?

My 2 cc are at a very low balance. Everything has been currently paid for the past 1.5 yr.

[cqdealer711]

how's your credit mix?  

AAoA?

[Anonymous]

AAoA on 1 cc is about 5 yrs, the other 1 has only been a since July 2013...

I also have student loans & an installment loan...

No car payment...

[RobertEG]

Paradoxically, a consumer who has no bad info and has good util is usually the least likely to see changes in their credit score.

Large upward gains come primarily from fixing what is wrong, such as deletion of derogs and reduction of high util.

Normal upward gains are due primarily to account aging, which is slooow.  Measured more in years than months.

Two CCs gives you multiple revolving, so not bad there.

Adding an installment loan might improve credit mix, but that is not a major scoring category.

The tendency to app for new accounts to improve score is a two-edged sword.  You will take short term hits based on the inquiries needed to get those accounts, and once approved, you will necessarily see a reduction in your average age of accounts.

Patience and age seems to be your friend.

[cqdealer711]

so AAoA sounds about 2-3 years?  Anything negative on your reports?

[Anonymous]

Thanks for the feedback. Last late were about 1.5 yrs ago for student loans. Medical collections that I PIF did drop off which did help boost my score to where I'm at now.

So this is where I stand...

[cqdealer711]

you could try and GW that late, but doubtful its even still hurting you much(30 day im guessing?)  Other than that, sounds like time is your score factor now... Keep in good standing and in 6 months - year you will probably be looking in the 660-700 range.

[mauve]

When was your most recent late? How late was it?

How many collections are listed on your reports? How long ago was the most recent one?

What is your utilization?

How many inquiries do you have?

[guiness56]

If you don't have any major derogatories like 90+ day lates, you may have been rebucketed.

[Mindcrime]

Do you have any family members who would add you as an authorized user to one or more of their accounts?

The account would need to have zero late pays, and the longer the history, the better. Also a low credit utilization as well would all contribute to the added account bumping your score.