topic Re: how come my credit score never goes up in General Credit Topics

how come my credit score never goes up

Anonymous — Wed, 03 Dec 2008 02:50:53 GMT

hi i am new here

and just looked at my cr,

2 of them say 723

and the other is 762

but like 2 months ago

2 of them said 726

and the other said 765

now i have 2 american express that i use

one is platinum with a no limit on it long as i pay at end of month which i always do(is this bad?)

then i have an american express blue hard with an 11000 cl i owe 3500 on this at the moment

and a chase with a 13000 limit and i owe 500 on this

why wont my credit score go up i am buying a car in 2 months

and i would like a awsome credit score

can some one help me here

thanks

jeff

Re: how come my credit score never goes up

Junejer — Wed, 03 Dec 2008 03:01:43 GMT

Hi jeffny, welcome to the forums. Please read credit scoring 101 for more information about scoring. For best results, get one of your cards to report a $0 balance. You accomplish this by paying to $0 a few days before the statement cuts. Get the other one to report a balance between 1-9% of your CL. I believe that you will probably see 15-30 points for that, as long as you don't have any derogs on your reports.

Re: how come my credit score never goes up

Anonymous — Wed, 03 Dec 2008 03:02:48 GMT

Welome to the forums!

Don't panic your scores are fine... you should get prime financing & qualify promo deals. Your uti (balance vs credit limit) may have changed this billing cycling from last months which would explain the minimal change you see. Any score over 720 will get you prime rates but try not to charge more since that raises your uti.

Re: how come my credit score never goes up

laz98 — Wed, 03 Dec 2008 08:00:29 GMT

did you get your scores from here?

Re: how come my credit score never goes up

Anonymous — Wed, 03 Dec 2008 08:55:02 GMT

No but I get my scores from amex
They provide me with. Credit secure

Message Edited by jeffny09 on 12-03-2008 12:55 AM

Re: how come my credit score never goes up

llecs — Wed, 03 Dec 2008 15:10:16 GMT

jeffny09 wrote:
No but I get my scores from amex
They provide me with. Credit secure
Message Edited by jeffny09 on 12-03-2008 12:55 AM

Ignore Credit Secure scores. They are fake scores or what we call FAKO scores. Your CS scores can go up, while FICOs go down and vice-versa.

My last CA was removed over the summer. My EX FICO score went up 58 points. My EX FAKO, from TC I think or CCT, dropped 8 points. Go figure.

Re: how come my credit score never goes up

Anonymous — Wed, 03 Dec 2008 21:59:12 GMT

So then where do u suggest I gpo get my credit score from?

Re: how come my credit score never goes up

laz98 — Wed, 03 Dec 2008 22:02:08 GMT

the only place to get your REAL scores from is here, from myfico. look for a discount code, should come to $40.

Re: how come my credit score never goes up

llecs — Wed, 03 Dec 2008 22:04:01 GMT

jeffny09 wrote:
So then where do u suggest I gpo get my credit score from?

The only place to get your FICO score from all 3 CRAs is this site. You can get your EQ FICO also from Equifax.com. If you order your report you can opt for a credit score and that is a FICO score. TU offers a TU FICO score from transunioncs.com. And EX I believe can also be obtained from PA State Employees' CU, from what I hear.

If relying on a score, it should be a FICO score. Lenders use them. No lenders use TC scores, Credit Secure scores, Credit Karma or all the other ones out there.

Re: how come my credit score never goes up

MidnightVoice — Wed, 03 Dec 2008 22:06:12 GMT

@Anonymous wrote:
No but I get my scores from amex
They provide me with. Credit secure

I have had credit secure for a year, and the scores do not seem to change. And if they do, the changes bear no relation to my real scores at all!

Message Edited by MidnightVoice on 12-03-2008 04:06 PM

Re: how come my credit score never goes up

Anonymous — Wed, 03 Dec 2008 23:17:13 GMT

ok so i went and got myfico credit scores from here-says i got a 755 and 708 and 705 thats a big difference

but it also says i owe 5915 dollars when i dont i owe 3500 on one and 500 on the other so

why does it say that ,maybe that was just last month?

i dont know but i need to get up to 730

i am gonna be paying around 1300 off one credit card 100 to the other and my other amex is due every month so i dont have a choice but to pay it off

what do i do now? if i pay that 1300 will my score go up?

Re: how come my credit score never goes up

Anonymous — Wed, 03 Dec 2008 23:35:12 GMT

and with these scores am i going ot be able to get a loan for my car or should i have some one co-sign? what do i do im going to probably need around a 25g laon

Could you please post whick bureaus are giving your which scores please?

Anonymous — Thu, 04 Dec 2008 04:41:38 GMT

Thanks in advance and then I can give you an opinion.

TheTaxMan

Re: Could you please post whick bureaus are giving your which scores please?

Anonymous — Thu, 04 Dec 2008 04:54:08 GMT

my tu is 715

eq is 755

and ex is 708

loan?

and why is the eq so far aboev the other ones?

With the Equifax score that high

Anonymous — Thu, 04 Dec 2008 10:12:23 GMT

I would say you stand a excellent chance of getting approved for a car loan easily. I think others are more qualified on the forum to help you out, but I would say with a good credit history penfed should approve you. They are a credit union that you can find on the web!!! They strictly pull Equifax only when applying and even if you are not in the military you can become a member for 20 dollars.

I would ask more questions on this site when you get ready to make your move, but the cool thing about Penfed (Pentagon Federal Credit Union) is that once you apply you have 90 days to make a decision on a car loan. You can also ask the finance departments at car dealerships which credit bureaus they use. For example, I know that the Nissan dealer I was at three months ago pulls Equifax and TransUnion.

I would suggest heading over to the AUTO forum and asking questions along the way.

TheTaxMan

Message Edited by TheTaxMan on 12-04-2008 02:12 AM

Re: how come my credit score never goes up

Anonymous — Thu, 04 Dec 2008 16:20:20 GMT

On your scores/reports that you got here on this site, does it say what % util you are at? Look on page 2 "Understanding Your FICO Score" for this percentage.

With revolving balances of $5915 and CL totalling $24000, that is 24% util, plus both revolving TL showing a balance. The balances that get reported is what matter to scoring. You need to pay down before the creditor reports each month.

FICO likes seeing half or less of your accounts showing balances, overall util <9% and individual util <9%.

You stated you are paying $1300 on one and $100 on another, since the one only has a $500 balance, I am taking it that you are paying only $100 on that one. If anyway possible, I would pay that $500 balance off, let only the larger one report a balance and try to get that balance less than $2100.

Doing the above should get you a bump.

Also, since you bought your scores and reports here, you have the option of using the FICO Score Simulator. Play with it and see what it estimates your score to increase to by paying down your balances by the $1400(plus what you've paid since they last reported) you state you are paying them down.

Re: how come my credit score never goes up

Anonymous — Thu, 04 Dec 2008 16:57:59 GMT

well my credit limit on one card is11000

my other card is unlimited amounts how is this card counted for uti?

i will try n pay the other card off but theother card is due before i just did and online dispute cuz 4 years ago old navhy said i was late on a payment dont know why so i asked for it to be removed

thanks i will keep in mind all the info all has helped me with