Re: Fico Score did not improve after 7 month credit card activity
08-30-2012 09:51 PM
They hurt until the very end, depending on the reporting and depending on what remains on your CR. Some have seen large double-digit gains when their last baddie drops like a 90 day late, charge-off, collection, judgment, etc. My DW gained 30 just by having a paid CapOne CC CO drop at the 7.5 yr mark.
Based on the "Good" status for payment history and being at the #1 negative slot, there's a lot of weight there on those baddies.
Example letters - PFDs, GWs, DVs, etc.
If that CC is reporting every single month, 'OKs' are being added, and the status or reported date is changing monthly, and there's no dispute comment, then it's fully scored. 7 months isn't a lot of history, especially with only one CC. That comment could also be indicative of a lack of mix of credit. If you only have one CC, you'd gain by adding a second. You also won't see monthly increases for having a CC. You can go months/years without a change, especially with your current AAoA and length of history. But I bet you might see a bump with a 2nd being added. And as always, get all CCs to report $0 except for one and get the one to report a balance of under 9% of the CL.