cancel
Showing results for 
Search instead for 
Did you mean: 

Need your advice on what to do if the score is not moving up!!!!

New Contributor

Need your advice on what to do if the score is not moving up!!!!

Desperately need your advice.

 

The amount owed on your revolving accounts is too high. - $25745

You've recently been looking for credit. - 4

You've made heavy use of your available revolving credit. - 39%

 

Current FICO - 706

 

the mortgage company's credit pulling dept coreLogic pulled my report 4 times, OCT 2012, Feb 2013, March 2013

i applied for Credit in Nov 2012.

 

My score before the last inquriy was 722. And i had 8 accounts carrying balances.

Now i've paid if 3 of 8, and have just 5 of them at around 49% individual util, and 34.2% overall Util

 

but my score is not moving up at all!!!!!!!! i used 4000 cash to pay off my 3 accounts.

As Of 11/11/2016

TU-793
EQ-801
EX-754
1 REPLY
Moderator Emeritus

Re: Need your advice on what to do if the score is not moving up!!!!

34% overall util is very high. When paying down CC debt, my biggest gains in FICO came when my util moved from 30% down to the single digits. FICO also dings you if most of your accounts are carrying balances. IMO, pay off the smallest balances first.