Established Contributor
Posts: 534
Registered: ‎01-23-2013
Re: What am i doing wrong?

whats your mix look like? have an installment or two in there?


lower util if you can. all 0 bal, with 1 at 9% or under (but not ALL 0 bal). seems to be the magic combo for max gain.


GW any lates...some would work with you if not a long string of KDs.


GW the pd COs.

does the repo have a deficiency bal? if not, try GW. if so, try PFD.



Know what makes up FICO score, and how its weighted in the algorithm ("fico model"):



Payment history (35%)

The first thing any lender wants to know is whether you've paid past credit accounts on time. This is one of the most important factors in a FICO® Score.

How is credit score calculated from payment history?


Amounts owed (30%)

Having credit accounts and owing money on them does not necessarily mean you are a high-risk borrower with a low FICO® Score.

How is credit score calculated from amount owed?


Length of credit history (15%)

In general, a longer credit history will increase your FICO® Score. However, even people who haven't been using credit long may have a high FICO Score, depending on how the rest of the credit report looks.

Your FICO Score takes into account:

  • how long your credit accounts have been established, including the age of your oldest account, the age of your newest account and an average age of all your accounts
  • how long specific credit accounts have been established
  • how long it has been since you used certain accounts

Community forums: Calculating Average Account Age


Types of credit in use (10%)

The score will consider your mix of credit cards, retail accounts, installment loans, finance company accounts and mortgage loans.

How is credit score calculated from types of credit in use?


New credit (10%)

Research shows that opening several credit accounts in a short period of time represents a greater risk - especially for people who don't have a long credit history.

How is credit score calculated from new credit?