topic Re: From 450 to 655.....The Road Ahead in Rebuilding Your Credit

From 450 to 655.....The Road Ahead

FutureMogulMs — Sun, 04 Mar 2018 02:02:46 GMT

Hey Fico Forum Friends,

From joining this forum about a year ago I have learned SOOOOO much. Thank you again! I started at 450 and now I’m at a 655 fico score!

I have no collections but I DO have

-3 students loans that total 6k in good standing
-open sky secured $200 limit with a $14 balance (opened May 2017)
-capital one platinum $300 limit $0 balance (opened December 2017)

Any suggestions on increasing my score.

Also do removing old addresses, alias & jobs on my report help?

Thanks Guys.... Xoxo

Re: From 450 to 655.....The Road Ahead

Anonymous — Sun, 04 Mar 2018 12:38:25 GMT

Congrats! This forum has helped me so much as well! And regarding your question, It will not change your score.

Re: From 450 to 655.....The Road Ahead

capricornchanges — Sun, 04 Mar 2018 12:56:45 GMT

Removing old names and addresses definitely helped me, I gained an average of 6 points, it also gives a cleaner look to your file.

Re: From 450 to 655.....The Road Ahead

Anonymous — Sun, 04 Mar 2018 13:13:46 GMT

Congrats on your success. Try adding a third credit card. Let two cards post with a 0 balance and the third card should post with a small balance. That technique is call AZEO all zero except one, similar to what you’re doing now.

Re: From 450 to 655.....The Road Ahead

Sneakytiki — Sun, 04 Mar 2018 13:37:58 GMT

Congrats! That's a great achievement. I would start hitting up the pre qual sites and seeing what you get, maybe capital one will come through with a quicksilver one.

When I hit those scores that's what I did and I added a few store cards. Just to get small balances and payment history to build more quickly.

Amazon, Lowes, Home Depot, Barclaycard, Discover, Capital One I was able to get at that score with a BoA 99/500 partially secured card counter offer for a denied app.

That was 2015 tho but pre qual sites can be useful with certain companies like Amex and Capital One. I've helped someone at work get a Citibank card at that score with a very limited revolving history similar to yours but they might be tougher.

Just make sure you have at least one year of on time payments before going crazy. If the student loans have prior lates and they've been paid for a year on time try to goodwill them to remove lates. I used to have 90+ day lates on mine, dozens across 4 accounts and they removed them with a nice point boost.

You may have to build a payment history with those credit accounts for 6-12 months and try for CLIs on them instead.

I have only removed inaccurate addresses, jobs and aliases with no difference noticed.

Re: From 450 to 655.....The Road Ahead

Caramelhunnyva — Sun, 04 Mar 2018 18:17:07 GMT

I was in a exact same place.. Day by day it's getting much better. Keep up the good work!!