topic 15 point credit increase needed in General Credit Topics

15 point credit increase needed

Anonymous — Sat, 25 Jul 2020 01:15:42 GMT

Help

I need about 15 points credit score increase (EXPERIAN) to qualify for this SBA business loan.

As quickly as possible!

Any ideas/help would be very appreciated!

Re: 15 point credit increase needed

Anonymous — Sat, 25 Jul 2020 01:16:08 GMT

Personal Credit Score

Re: 15 point credit increase needed

Anonymous — Sat, 25 Jul 2020 01:38:42 GMT

Impossible to advise without knowing:

current scores/inquiries/average account age

cards you have and their balances/limits

loans you have with balance/borrowed amount

presence of any derogatory info on your reports

Re: 15 point credit increase needed

AllZero — Sat, 25 Jul 2020 01:38:29 GMT

@Anonymous wrote:
Help

I need about 15 points credit score increase (EXPERIAN) to qualify for this SBA business loan.
As quickly as possible!

Any ideas/help would be very appreciated!

Are you practicing AZEO? How is your reported individual and aggregate utilization %?

Re: 15 point credit increase needed

Anonymous — Sat, 25 Jul 2020 02:41:37 GMT

current scores 671

Last late payment almost 3 years ago. I've been disputing and working on cleaning up my credit. I settled and paid all my all my collections and been working on getting them removed.

I have 1 credit card $500 3% util (I know, I need a couple more. Messed up here should have gotten 2 more)

1 personal loan for 9k. Another loan/on credit, a purchase I made for 1k. Its paid off now, hower, experian is not reflecting as paid yet. (transunion/equifax show it as paid in full)

Have a mortgage/vehicle 5 years now, last late 3 years ago.

14 inquiries less than 1 year old

Re: 15 point credit increase needed

Anonymous — Sat, 25 Jul 2020 17:26:49 GMT

fyi

(MOD CUT - violates TOS - Jag73) tradelines that are supposed to report any time now, however they seem to be taking for ever. Problem is im afraid im going to miss SBA's deadline for stimulus help with sba loans. Aug. 24 i believe

Re: 15 point credit increase needed

BetterMoves — Sat, 25 Jul 2020 17:42:43 GMT

Have you used Experian Boost? I think it added 7 points to mine 18 months or so ago.

Mod cut - discussion of unethical and illegal practices is not allowed

Re: 15 point credit increase needed

Anonymous — Sat, 25 Jul 2020 02:53:40 GMT

sorry, September 27, 2020

Re: 15 point credit increase needed

Anonymous — Sat, 25 Jul 2020 02:55:04 GMT

I've tried, however, it doesnt seem to find anything to boost. Perhaps its because I have a business bank account that i linked/use?

Re: 15 point credit increase needed

randomguy1 — Sat, 25 Jul 2020 17:41:30 GMT

@Anonymous wrote:
fyi

Mod cut- not allowed. Problem is im afraid im going to miss SBA's deadline for stimulus help with sba loans. Aug. 24 i believe

Careful with this. Trade lines that don't share family or addresses look suspicious and could be flagged for fraud. It can increase your bust out score.

Re: 15 point credit increase needed

dogmeat — Sat, 25 Jul 2020 08:01:08 GMT

9 open accounts

1. mortgate

2. vehicle

3. 500 CL CC.

4. 9k personal loan

5. Possibly 1k credit/loan if this is Experian.

6. ? paid trade line ?

7. ? paid trade line ?

8. ?

9. ?

Re: 15 point credit increase needed

CreditInspired — Sat, 25 Jul 2020 17:24:11 GMT

@randomguy1 wrote:
@Anonymous wrote:
fyi

i purchased a couple tradelines that are supposed to report any time now, however they seem to be taking for ever. Problem is im afraid im going to miss SBA's deadline for stimulus help with sba loans. Aug. 24 i believe
Careful with this. Trade lines that don't share family or addresses look suspicious and could be flagged for fraud. It can increase your bust out score.

I also want to add that since SBA is a govt-backed loan, one should not consider doing anything that may appear shaky, suspicious, or bring unwanted attention to oneself.

Re: 15 point credit increase needed

KLEXH25 — Sat, 25 Jul 2020 20:53:53 GMT

When the paid loan updates on EX, you might get some points. But with the given information, I don't think a 15 point increase is possible within the timeframe stated.