topic Re: Stuck at 760 in Understanding FICO® Scoring

Stuck at 760

folks19 — Thu, 27 Jan 2022 23:33:24 GMT

My score (EX via their app) has been stuck at 760 for a few months, and I'm wondering what can make my score go up? I know 760 if enough to qualify for the best rates, but I'm still curious (and I want to brag about my 800 when I get there...).

AoOA = 2 years 5 months, AAoA = 11 months.

~20 new accounts and 16 INQs in the past year.

Util = 3%.

SSL paid down to ~5%.

Re: Stuck at 760

Remedios — Thu, 27 Jan 2022 23:41:13 GMT

Easiest and only way, stop applying.

Re: Stuck at 760

OmarGB9 — Thu, 27 Jan 2022 23:48:43 GMT

@Remedios wrote:
Easiest and only way, stop applying.

This. And just continue to pay on time, and let your file age. You'll slowly go up.

Re: Stuck at 760

Feisarr — Fri, 28 Jan 2022 02:39:03 GMT

Once your AAoA hits 12-13 mo you should see a bump. Watch for bumps at 6mo increments on AAoA. Since you already have SSL at below 5% there really isn't much more you can do than garden and AZEO.

Re: Stuck at 760

Hotcoals91 — Sat, 29 Jan 2022 02:40:46 GMT

The missing ingredient is time. Your basically a noob to credit

Re: Stuck at 760

SouthJamaica — Sat, 29 Jan 2022 16:19:28 GMT

@folks19 wrote:
My score (EX via their app) has been stuck at 760 for a few months, and I'm wondering what can make my score go up? I know 760 if enough to qualify for the best rates, but I'm still curious (and I want to brag about my 800 when I get there...).
AoOA = 2 years 5 months, AAoA = 11 months.
~20 new accounts and 16 INQs in the past year.
Util = 3%.
SSL paid down to ~5%.

If you wait until it's 12 months since your last new account was added, you'll get a nice score bump.

You're not "stuck" at 760, you're sticking yourself there.

Re: Stuck at 760

expatCanuck — Sat, 29 Jan 2022 19:18:29 GMT

@folks19

The number of new accounts and INQs are over the top.

'Just' 6 INQs with 3 recent new accounts (2 cards and a refi) was enough to drag my EX score below 800, even with a thick, clean file.

Re: Stuck at 760

folks19 — Sat, 29 Jan 2022 19:39:29 GMT

I see everyone are suggesting to graden, and that is what I decided to do a few months ago. I have seen my score go up some times, but then I stopped. I'll continue gardening.