Valued Contributor
tcbofade
Posts: 2,297
Registered: ‎09-26-2011
Re: those with credit scores near or over 720

TNTransplant wrote:

tcbofade wrote: 


That is a GREAT post, but somehow, it doesn't seem to apply to me.

 

I have both a "clean" and a "thick" file on all three cr's.

 

(no baddies, no lates...45 accounts listed)

 

I'm stuck in the low 600's due mostly (I think) to utilization.


I think you are exactly right - high utilization is a killer to good scores.

 

My credit profile is very close to yours (60+ accounts, no baddies, no lates, AAoA around 5 yrs, etc.).  I started out in Jan '12 with scores in the mid 600s and an overall utilization on my revolving debt of around 80%.  I am currently down to about 50% overall utilization, and my scores are now high 600s (EQ - 680 and TU - 699).

 

 



Thank you for your opinion...I too started out around 80% and am down to 61%....and hope to see the high 600s when I get under that magic 50% line...  :smileyhappy:



Current Scores: EX 671 (FCR) TU08: 638 Wally (TU08).10/11//14 Last app 05/29/2014.
Being held hostage in the garden until 01 November 2014.

Zero percent financing is where the devil lives...