Almost got a 700 with 92% CC util

[Anonymous]

I just pulled up my CR yesterday and almost got 700 with 90% util. No late and only 7 years credit history but really only 4 years because there is a CC that was opened and the closed or cancelled by grantor 3 years before my first CC and I don't remember applying for one. I can probably dispute that but I think it is helping my score. Just got user authorized account(which wasn't reporting for awhile) deleted which carried a balance of $3800/$3900 after the 10/23 CR. I think it increased my scores by 10 points. Disputed some stuff with EQ which what I think made my score get back up.

11/11/07 TU-692, EQ-677, EX-687 w/92% CC Util
10/23/07 TU-682, EQ-643, EX-676 w/93% CC Util

4 Open CC, 2 closed paid in full by me, 1 closed by grantor as mentioned above
CC#1 $13210/$13500
CC#2 $3918/$4000
CC#3 $4/$400
CL#4 $0/$300 (just increased to $800 not affected recent score)

2 mortgages
16 months no late

Now trying to get all 3 to 777.

Message Edited by tmoney777 on 11-12-2007 04:41 PM

Message Edited by tmoney777 on 11-14-2007 02:15 PM

[Anonymous]

well that makes me feel better that my score hasnt gone down the toilet since my utilization has gone up to 71% on one card; and the rest are in the 30-46% range...

Message Edited by takemehigher_1 on 11-12-2007 05:00 PM

[Anonymous]

For curiosity sake- have you played with the FICO simulator at all?

Curious where your score "SIMS" out as you pay the UTL down.

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@Anonymous wrote:
I just pulled up my CR yesterday and almost got 700 with 90% util. No late and only 7 years credit history but really only 4 years because there is a CC that was opened and the closed or cancelled by grantor 3 years before my first CC and I don't remember applying for one. I can probably dispute that but I think it is helping my score. Just got user authorized account(which wasn't reporting for awhile) deleted which carried a balance of $3800/$3900 after the 10/23 CR. I think it increased my scores by 10 points. Disputed some stuff with EQ which what I think made my score get back up.

11/11/07 TU-692, EQ-677, EX-687 w/92% CC Util
10/23/07 TU-682, EQ-643, EX-676 w/93% CC Util

4 Open CC, 2 closed paid in full by me, 1 closed by grantor as mentioned above
CC#1 $13210/$13500
CC#2 $3918/$4000
CC#3 $4/$400
CL#4 $0/$300 (just increased to $800 not affected recent score)

2 mortgages
16 months no late

Trying to get all 3 to 720.

Message Edited by tmoney777 on 11-12-2007 04:41 PM

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[Anonymous]

782 - 822 if I pay over the next 24 months my credit cards down to 0-10%.
772 - 812 if I pay $83,912 right now.
742 - 782 if I pay half right now.

Funny thing is that $67,000 of that is my second mortgage. They count HELOC as CC on the reports I guess. I am thinking about doing a cash out refi to do some home improvments and pay off my credit cards with my scores now. I am thinking my scores will go up after the refi.

[Anonymous]

Gotcha-

The Heloc won't report as revolving in the newer scoring models (EX)

Nice score BTW-

If you are thinking about a re-fi do it right now- I expect rates to go up and up for the next 2 years.

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@Anonymous wrote:
782 - 822 if I pay over the next 24 months my credit cards down to 0-10%.
772 - 812 if I pay $83,912 right now.
742 - 782 if I pay half right now.

Funny thing is that $67,000 of that is my second mortgage. They count HELOC as CC on the reports I guess. I am thinking about doing a cash out refi to do some home improvments and pay off my credit cards with my scores now. I am thinking my scores will go up after the refi.

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[Anonymous]

yeah, you're definitely the lucky type would have a 780 if your utilization was 1-9%

[Anonymous]

Thanks.

I was just comparing all three reports and I know why all three scores are not the same. TU=1 inq, EQ=5 inq, EX=3 inq in the last 12 months. All of the inquiries except for the EX=1 which is from qwest(because I switched from voip to save some money) were done December '06/January '07. Another round of dispute letter to fix my DOB which I think TU and EQ changed during the last round on accident and all three should look similar.

[haulingthescoreup]

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@Anonymous wrote:
Gotcha-

The Heloc won't report as revolving in the newer scoring models (EX)

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Wait, what? Hope coming for us battered HELOC people? Do tell!

[fused]

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@haulingthescoreup wrote:

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@Anonymous wrote:
Gotcha-

The Heloc won't report as revolving in the newer scoring models (EX)

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Wait, what? Hope coming for us battered HELOC people? Do tell!

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Great isn't it!

[MidnightVoice]

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Timothy wrote:
Gotcha-

The Heloc won't report as revolving in the newer scoring models (EX)

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I don't think mine does now - it is under the mortgage section, and the util I have is too low for it to count.

Maybe because it is a Credit Union?