No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
I need some advice on what is holding my score back.
When I found these great boards in December my EQ Fico was around 580.
Since then I have had the following baddies removed:
2 collections from CA Business Bureau(PFD)
CMRE Financal(PFD)
Asset Acceptance(BBB Complaint)
Midland(Aspire Visa, Midland deleted after letter citing FTC order)
LVNV Funding(BBB complaint)
In December I had a utilization of 81%, today it is at 5%.
My scores went from 580 to 650, where it sits now. The only 2 baddies left are 2 charge offs from First Premier. Both charge offs have a DOFD date of 7/2008. One has a zero balance, paid after charge off and the other shows a balance of $454. (Im wondering how badly the $454 balance is affecting me. Its not that relevant on my overall utill but being that it would be a card that reports as more than maxed out......is that holding my score down alot and should I get that paid off?
My AAoA on EQ is 4 years with the oldest account being 7 years 9 months.
These are the positive accounts I have and CL/Balances, date opened. I have no lates on any of these, perfect payment history.
New Millenium Visa 474/5000 2005
New Millenium MC 0/3000 2005
Continental MC 18/700 2007
Cap 1 Au 146/17500 2006
B of A Secured 0/500 11/2012
Continental Discover 0/300 11/2012
Walmart Store Card 15/300 12/2012
Macy Store Card 0/300 12/2012
TD Auto - Closed/Paid in Full original loan was $25600 Opened 2007
Wells Fargo Dealer Srv - $28,500 Opened 7/2012
My Fico shows "Serious Delinquincy" as #1 on my list of whats hurting my score and then "short credit history" as #2
I have 6 inquiries in the last year.
Since I have my overall CC utilization somewhere in the optimal range, next month I will make sure that only 1 card reports a balance and the rest at 0. It takes time to learn when all the different cards report but I have that figured out now. So besides that any other suggestions as to what I can do to get score up besides the obvious time factor?
Is the fact that I have 4 accounts opened in the past year holding down my score even though my AAoA is still ast 4 years? Can I get to 700 with the 2 charge offs still on my account until 2015?