No red flags. Plus they didn't use the A - B ratings on the myFICO. I didn't have the copy for it on me. But I was able to pull up another one. But the MyFICO is the same. Nothing negative what so ever. Doesn't even hint that I could be doing something better.
Not sure if you mentioned but, when are you paying off your cards? Before statement cut or after?
It depends, not always do I pay them off totally. If I make a big purchase like $500 or more. I will make 2 payments to pay them off. Sometimes 3. But always on-time and no more than 6-7 months to pay off anything.
i did this was what I pulled it from. heres some of the info:
It only says one thing "You've made heavy use of your available revolving credit." But, then on the report it says credit utilization 8.5% Total $45,000 used $3,850
Why is high considered high?
This total you show of $45k that is what you have in "REVOLVING" Credit?
Maybe it's a bucketing issue. Maybe something in his file is keeping him at the low end of his bucket.
Can someone please step in and explain more about buckets? I'm pretty sure I won't do a good job of it.
It is possible that it is the "buckets" Hopefully someone with more knowledge will jump in. But my understanding is this........
If you have a "history" of late payments or BK
Then you can be put in a "bucket" where FICO just will not let your score go up much.
And the only why to overcome that is just time, time of good UTL and no late pays while your accounts are aging.
maybe too many credit cards? Even thought they dont have balances. Will having to many hurt. One card has a 15k limit. I have plenty. Of credit I don't need. I just want my score to be higher
Something isn't adding up here. There has to be more to it. The score is not matching up here.
Yeah, tell me about. Plus, its not like I can talk to someone. What can you do? I haven't had to buy anything big in quite a while. So this hadn't been an issue. I have all the revolving credit I need. But now, I want to buy a new car. The time last I bought one my rate was 4.5% which was 4 yrs ago my FICO was 685. Now rates are 2.5% I should get that rate. I wish I can show someone my report from the 3 bureaus have them explain to me why score isn't higher. What in they criteria that makes my rating not as high as I believe it should be. But again no such thing exist. You are force to take whatever rating they feel you deserve.