NO SCORE CHANGE!!! Please help!

[Anonymous]

My scales don't show the number of accounts with balances as a negative, but there is a flag next to the 13 accounts with balances that says it's affecting my score. I have three that are fairly small that I could easily pay now. I just need a 1 point bump to get the rate for the refi. Will that do it?

[haulingthescoreup]

Oh, I would absolutely kill them off!

Remember the built-in delay: they won't update until probably the statement dates on each one, and then each CRA has to individually update your files.

[UpAndComing74]

That brings another question.   If the accounts with balances are bad, then how do I remedy the fact that 4 of my accounts with balances are students loans that are in deferment?

[Jazzzy]

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@UpAndComing74 wrote:
That brings another question.   If the accounts with balances are bad, then how do I remedy the fact that 4 of my accounts with balances are students loans that are in deferment?

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You can't remedy those. I've got them, too.

All you can do is pay the credit card balances. For maximum tweaking, just leave a small balance to report on one card, and then pay that off as soon as the statement cuts.

[AndySoCal]

I have 5 active cards. I usually have three of them report with balances less than 5% of the credit limit. I pay them in full off every monh. I do not receive the score reason about the number of accounts with balances. I have a feeling its not the physical number with balances but referring to something else.

Well I did some research regarding the number accounts with balances score reason.  Here is link to the best answer I could find.

http://myfico.custhelp.com/cgi-bin/myfico.cfg/php/enduser/std_adp.php?p_faqid=166

Message Edited by AndySoCal on 01-29-2010 09:54 PM

[AndySoCal]

With the Hollywood video see if you can pay Hollywood video the $65.00.  If they will accept the money then one they will have to recall the acocunt from the collection agency. The collection agency will have to delete the reporting of the acccount which will remove the account from your credit report. With the other collection accounts see who owns the debt. If the original creditor does then see if you can PIF in exchange for them pulling the account from the collection agency.

[Junejer]

Andy, you're right. It's not a set number that they are talking about, it's a percentage >=50% of accounts with balances.

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AndySoCal wrote:

I have 5 active cards. I usually have three of them report with balances less than 5% of the credit limit. I pay them in full off every monh. I do not receive the score reason about the number of accounts with balances. I have a feeling its not the physical number with balances but referring to something else.

Well I did some research regarding the number accounts with balances score reason.  Here is link to the best answer I could find.

http://myfico.custhelp.com/cgi-bin/myfico.cfg/php/enduser/std_adp.php?p_faqid=166

Message Edited by AndySoCal on 01-29-2010 09:54 PM

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[Anonymous]

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@Junejer wrote:
Andy, you're right. It's not a set number that they are talking about, it's a percentage >=50% of accounts with balances.

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Geez, it just keeps getting so much more complicated than I thought. Is it percentage of all accounts with balances or just revolving accounts?

[Junejer]

All of your open accounts.

Message Edited by ByrdMan on 01-30-2010 01:16 PM

[AndySoCal]

It can not be the percentage you stated. If that were so I would get that score reason and I do not. I think there is more to it than that.