topic Re: Raise Score what is needed. in General Credit Topics

Raise Score what is needed.

Anonymous — Sat, 23 Feb 2008 01:30:13 GMT

My Credit card Debit is 41 dollars - 20 of it is already paid and waiting to come off. My score is 653. I am trying to get to at least a 680. I have 10,000 - student loans. 8000 cars payment 104000 in mortgage. I was sitting at about 400 in CC debt so i paid off everthing but 21 dollars of it. 359 of it has been updated on my credit report but did not make a change to my score. I have a judgment on my record that was filed in 2002 and was paid in 2002. I have 120 late on 1 credit card and that is it. No collections. Any suggestions on what i can do to raise it 27 points. Maybe paying on some of the car or paying it off completely. Anything would help. And thanks to all that post here, you guys are alot of help. Thanks again

Re: Raise Score what is needed.

marty56 — Sat, 23 Feb 2008 02:32:51 GMT

Paying off the card and house will have no affect on your credit score other than you make your payments on time. I dont know about collections but it seems that it is 6 yeras old or so so it will fall off in another year which would help your score. If you post a complete list of your CCs and their limits and balances, the smart people here could recommend the next step for you.

The most important thing is to never be late on any payment. Also keep the ba;ances on your CCs down below 10%,

Re: Raise Score what is needed.

Anonymous — Sat, 23 Feb 2008 02:37:20 GMT

all of my limits on CC are $4000 and all i owe is $41.00, which 20 of that is already paid off and waiting for it to update.

Re: Raise Score what is needed.

Anonymous — Sat, 23 Feb 2008 06:25:41 GMT

Any other advise . what about adding myself with my wife as a joint on one of her credit cards. Anything !!!!

Message Edited by Someday on 02-22-2008 10:25 PM

Re: Raise Score what is needed.

Anonymous — Sat, 23 Feb 2008 13:52:57 GMT

Someday, DO NOT pay off your auto loan! Believe it or not it will cause your scores to drop as it is a component of your credit mix, which is 10% of your FICO score. I lost 32 points last July when I paid off my car loans.

The 120 day late is a major derrog, and is as bad as a collection in FICO's eyes. How old is it? I would work hard on GW'ing it. And keep GW'ing it, even if you have to write GW letter every month.

The judgement, paid or unpaid, sitting in public records is a fatal baddie, imo. There are ways you can work to get it removed.....I'm just not sure of the process. It's kind of complicated, but oh so worth it. Suggest you use search box for judgements. There are several posts on how what steps to take to have it removed.

Your score of 653 isn't all that bad. Is it a true FICO score? When's the last time you pulled all 3 CR's with FICO scores? You may want to get current one's.

Good luck to you.

Re: Raise Score what is needed.

Anonymous — Sat, 23 Feb 2008 16:17:31 GMT

The 120 days is for CRAPITAL ONE. I have been sending out GW's every month. The first came back and they told me that they report to the credit agency every month. They didnt say anything else but that. Sad part is that i gave the card to my sister and she was supposed to pay on it and didnt. I should have paid more attention to it. Anyways cant go back and change the past so i am not dwelling on it anymore. As for the current reports, that is current as of 2-21-08. They are true Fico's. My scores are TU-682 EQ-653 EX- 650. These are not bad scores at all. I am trying to get a new mortgage for a primary residence but i need to go stated. 680 is the min. I did get the judgment removed from TU but EQ and EX are still showing. I thought for sure that my score would go up after paying 421 that was left in CC's. I kinda figured that paying off the car would do nothing but it didnt hurt to ask. Anyone else have any other suggestions.

Thanks in advance.