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Think it is possible to reach 620/640 by first part of next year?

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Anonymous
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Think it is possible to reach 620/640 by first part of next year?

Current FICO scores TU 545 EQ 533

TU Baddies: medical collection $165 2009, medical collection $550 2009, auto repo $9,000 2008, credit card CO $600 2008, credit card CO $800 2008

EQ Baddies: all of the above, plus a paid medical collection from 2008, $200 medical collection from 2006, loan account charged off $900 2007

 

TU & EQ active accounts: credit card $380/$450, credit card $100/$300, credit card $175/$500, car loan (began April of this year), $2,500 (currently owe $800) personal loan pays as agreed

 

I know that I will/should see quite a jump by paying down the credit cards (leave one around 8-9% and completely pay off the other 2)

 

Assuming all of my bills are paid on time, and no new collections are added, anyone want to take a stab at when my scores would be over 620?

 

Now I know there is NO way of telling, or even guessing really, but would you think it'd be more like 6 months, 12 months, 2 years?

 

I want to buy a house Smiley Happy

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Anonymous
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Re: Think it is possible to reach 620/640 by first part of next year?

Hey harmstrong,

 

Welcome!

 

Congrats on pulling your real FICO scores from this site.  Now you get to play with the goodies - including the "FICOSimulator" and the "Best Action" doohicky.

These are both included in a standard FICO score pull for both Equifax and TU.  I think they're under the last tab titled "What Next?"

 

What is it showing your score would be in 6 months with your paydown?  And for that matter, 12 months or 2 years?

That's a darn handy tool because it's specific to your account information.

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