Good Morning Forum supporters,
Does this look like I have a chance for the 700 club soon?
Here is how it breaks down as of today:
Target 20.99% $200 zero bal
Walmart 19.87% $330 zero bal
Avenue 22.80% $470 zero bal
Upromise Citibank 13.24% $2800 zero bal
Orchard Bank 14.90% $700 zero bal (limit increased by $200 after last payment a week ago)
Ikea 19.90% $100 zero bal
Capital One 12.40% $3000 $75 bal (new charge on Wednesday)
Children's Place 21.96% $250 zero bal (credit of $22..did not notice i had overpaid)
Americredit 13% $25000 remaining truck loan bal
Sallie Mae Career Training Loan 11.5% $7200 bal
Sallie Mae Federal Loans 5.375% $25596 (unemployment deferment)
all accounts as of date is current and up to date. Just making under $100 charges, so i am able to PIF every month. As you can see by my signature my scores are going up. Do anyone think i may have a chance? because once i find a job I would like to refinance my truck for lower payments.
Does this look like I have a chance for the 700 club soon?
Here is how it breaks down as of today:
Target 20.99% $200 zero bal
Walmart 19.87% $330 zero bal
Avenue 22.80% $470 zero bal
Upromise Citibank 13.24% $2800 zero bal
Orchard Bank 14.90% $700 zero bal (limit increased by $200 after last payment a week ago)
Ikea 19.90% $100 zero bal
Capital One 12.40% $3000 $75 bal (new charge on Wednesday)
Children's Place 21.96% $250 zero bal (credit of $22..did not notice i had overpaid)
Americredit 13% $25000 remaining truck loan bal
Sallie Mae Career Training Loan 11.5% $7200 bal
Sallie Mae Federal Loans 5.375% $25596 (unemployment deferment)
all accounts as of date is current and up to date. Just making under $100 charges, so i am able to PIF every month. As you can see by my signature my scores are going up. Do anyone think i may have a chance? because once i find a job I would like to refinance my truck for lower payments.
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@Chazman wrote:You don't mention payment history, past derogs, average age and length of credit, new accounts in last year, new inquires in last year, etc.
You'll probably get a bump with the low balances, but the devil's in the above, especially past payment history.
Any more info on that stuff?
To answer your questions:
Payment history: except for Sallie Mae career training loan(been current for the past few months) have not been past due in 2 years on any accounts. My credit history is 20 years old. The low balances because I have been rebuilding my credit for the last 2 years. Only one new credit and that is target card last september to add to my mix of revolving store credit. Currently all my reports show I only have 5 inquiries and 3 are due to come off this summer. But as you can see from my scores that have risen 178 pts in that last few months. All I need is about 40 - 50pts to get into the 700 club. Just trying to see what else I need to do to get those points.