10-02-2009 01:19 PM - last edited on 10-02-2009 01:33 PM by llecs
Any tips on how I can increase my middle score? Does paying your cc balance off every month help to raise credit scores?
I just learned that my cc statement comes out on the 23rd of the month so I pay my balance in full before the statement prints and this way my payment is reported to the bureaus as balance paid on my credit report.
10-02-2009 01:38 PM
sunflower17, I split your post to form a new thread found here to keep the other on-topic. I changed the title of this thread. If you'd like to change it to something else, feel free to click "Options" and then "Edit Message".
Simply paying your CCs over time generally doesn't help your score, per se, especially if there is a negative history reporting elsewhere on your report. Generally, you would see small increases as your AAoA improves or your accounts hit an anniversary.
The fastest way to improve your score is to pay CCs down to a healthy balance. Ideally, you'd want all but 1 CC to report $0 with the remaining CC reporting less than 9%.
If you did all you can do with your CCs, then maybe you are at a point where the only way to bump your score is to tackle the baddies.
10-06-2009 07:34 PM
10-06-2009 09:41 PM
The look at the credit report for the bureau that is reporting what turns out to be your the mid-score. What are the 4 factors that are affecting your score? This should help guide you to a possible way to improve your mid score.
Bear in mind that there are not always four negative factors reported. FICO scoring will spin off 0 to 4 reasons depending on your score level. I get 3 with my EQ score and I only get one with my TU score. The higher your score the fewer reasons.
10-07-2009 06:37 PM
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.