topic Re: I don't know what to do in Understanding FICO® Scoring

I don't know what to do

Sbrooks1 — Mon, 04 Jul 2016 22:46:22 GMT

Y'all , 28 months of trying to rebuild and my scores are only 5-10 points higher , 5 cc 1-2 yrs old all never late uti 70 but just paid all off to 0, 1 medical collection from 2010 for 84,one FPB reporting as open and late from 2009, one credit control for sudden link from 2009, disputed and updated to June 2016- due to fall off 12/16. Multiple acts positive include the 5 cc and auto since 2014 and student loans. What should I do

Re: I don't know what to do

Sbrooks1 — Mon, 04 Jul 2016 22:48:46 GMT

Also. Positive auto from 2009-204 with chase never late and Conns furniture from 202 , never late and paid with an open line now never late . Something is really holding back my scores

Re: I don't know what to do

Anonymous — Mon, 04 Jul 2016 23:12:03 GMT

What ARE your scores? I don't seem them anywhere.

Re: I don't know what to do

Sbrooks1 — Mon, 04 Jul 2016 23:23:29 GMT

Terrible EQ 616 TU 631 Ex was 653 now 618.
Really with minimal collections I give up

Re: I don't know what to do

Sbrooks1 — Mon, 04 Jul 2016 23:25:34 GMT

My last late was 64 months ago

Re: I don't know what to do

Grafton88 — Tue, 05 Jul 2016 00:09:40 GMT

@Sbrooks1 wrote:
Y'all , 28 months of trying to rebuild and my scores are only 5-10 points higher , 5 cc 1-2 yrs old all never late uti 70 but just paid all off to 0, 1 medical collection from 2010 for 84,one FPB reporting as open and late from 2009, one credit control for sudden link from 2009, disputed and updated to June 2016- due to fall off 12/16. Multiple acts positive include the 5 cc and auto since 2014 and student loans. What should I do

Are you saying your overall util was at 70% and now you have paid it down to zero?

Has you new Util posted on your latest reports?

How many total derogs are reporting? Any derog will hold your score down. High util will hold your score down.

You have plenty of cards. You have had loans. That is good. Keep your util % down. Have only one card reporting. Other than that it is just time.

Re: I don't know what to do

RonM21 — Tue, 05 Jul 2016 00:22:10 GMT

One thing for sure, even if you continued down the path you were on without making any adjustments, you know you have negatives falling off soon, which will help. Also, paying down your utilization percentage should show once they report and the scores update.

Re: I don't know what to do

Sbrooks1 — Tue, 05 Jul 2016 00:34:41 GMT

So tired of this struggle !

Re: I don't know what to do

SouthJamaica — Tue, 05 Jul 2016 00:41:47 GMT

@Sbrooks1 wrote:
Y'all , 28 months of trying to rebuild and my scores are only 5-10 points higher , 5 cc 1-2 yrs old all never late uti 70 but just paid all off to 0, 1 medical collection from 2010 for 84,one FPB reporting as open and late from 2009, one credit control for sudden link from 2009, disputed and updated to June 2016- due to fall off 12/16. Multiple acts positive include the 5 cc and auto since 2014 and student loans. What should I do

Why don't you give us some information so we can help you.

1. What are the limits and present balances on the credit cards?

2. What are the amounts of the loans and the balances?

Re: I don't know what to do

Sbrooks1 — Tue, 05 Jul 2016 00:48:46 GMT

even when my balance is under 10%my score moves 5-10 points. I have a 6 yr old 40$ charge off that updates every month, this is paid . I can't think of any other reason as my last late was 6.5 yrs ago

Re: I don't know what to do

Sbrooks1 — Tue, 05 Jul 2016 00:49:51 GMT

Auto loan19400/26000
Student loan is recent so maybe that is hurting me 7000/7720

Re: I don't know what to do

SouthJamaica — Tue, 05 Jul 2016 01:27:37 GMT

@Sbrooks1 wrote:
Auto loan19400/26000
Student loan is recent so maybe that is hurting me 7000/7720

You only answered 1 of my 2 questions.

Re: I don't know what to do

Sbrooks1 — Tue, 05 Jul 2016 01:35:46 GMT

As stated in my original post uti was 70, so maybe once that reports to zero. I don't see a need to post balance /limit if all are now 0.

Re: I don't know what to do

SouthJamaica — Tue, 05 Jul 2016 01:54:26 GMT

@Sbrooks1 wrote:
As stated in my original post uti was 70, so maybe once that reports to zero. I don't see a need to post balance /limit if all are now 0.

You lose points for having all credit cards at zero. You gain some points by have one report a small balance, with the others reporting at zero.

As to your installment loans, your utilization is high. As you pay them down you'll see your scores increase.

Re: I don't know what to do

Sbrooks1 — Tue, 05 Jul 2016 02:07:01 GMT

I hope so!

Re: I don't know what to do

Meanmchine — Tue, 05 Jul 2016 04:42:11 GMT

I use CCT (CreditCheckTotal) to monitor my FICO scores. They have a tab which tell you exactly what is pulling down your score. They have a 1 week trial for only $1 and if you dont have a similiar tool i suggest buying the trial and then tell us what are your factors holding you down