topic Re: Score increasing Milestones - Lets start a list in Rebuilding Your Credit

Score increasing Milestones - Lets start a list

Duncanrr — Mon, 12 Nov 2012 22:22:54 GMT

The purpose of this thread is to start a list of milestones that we know correspond to increases in credit scores. Please feel free to add your own here and I'll occassionally edit the main post to include them. If you are not sure if it adds to score then indicate as such.

1. 6 months from date of HP

2. 12 months from date of HP

3. 12 months since last late payment

4. 2 years past last 30 day late

5. new account makes 6 months in age

6. last baddie falls off report (possible decrease from rebucketing)

7. decreasing utilization (sliding scale - 2 to10% UTIL seems to be sweet spot)

8. reducing "maxed out" card to below 50% UTIL

Events that do not raise scores:

1. sole 90 day late making 5 years old

2. HP making 2 years old

Re: Score increasing Milestones - Lets start a list

Anonymous — Tue, 13 Nov 2012 03:39:24 GMT

I feel silly asking, but what does "HP" stand for?

Re: Score increasing Milestones - Lets start a list

Shogun — Tue, 13 Nov 2012 03:40:38 GMT

Hard pull, your credit inquiry.

Re: Score increasing Milestones - Lets start a list

Anonymous — Tue, 13 Nov 2012 03:45:39 GMT

Geez...it was so obvious, but I couldn't put it together. Thanks

Re: Score increasing Milestones - Lets start a list

Shogun — Tue, 13 Nov 2012 03:46:34 GMT

Sometimes it's the elephant in the room.

Re: Score increasing Milestones - Lets start a list

beb86 — Tue, 13 Nov 2012 04:06:28 GMT

@Shogun wrote:
Sometimes it's the elephant in the room.

The only stupid question is the one that DOESN'T get asked

Re: Score increasing Milestones - Lets start a list

basballguy — Mon, 19 Nov 2012 20:41:20 GMT

are there AAoA milestones?