537 Score

[Anonymous]

I need help! My score have been around 537 for months. Can someone direct me in the right direction?

Capital One Auto Loan= 15921 ($325 mth)

Capital One Credit Card= 499/750

Credit One= 474/500

Macys= 32/300

Soco Loan= 413 ($70 mth)

Bank of America = 289/300

I really need help-My husband was professional fighter-and his career end last year due to going blind in his right eye. May be around tax season to pay all credit cards in full, and to only use 10% of each card. I have been with Bank of America for 3 yrs and they have not show me any type of love on credit increase-not enough for $500 increase??? I do have $850 collections & Stalling Financial for $311 reporting on credit right now. I need help on how to go about paying credit cards, & getting increase on my bank america credit card?? I would love to see my score even @ 625

[Anonymous]

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@Anonymous wrote:

I need help! My score have been around 537 for months. Can someone direct me in the right direction?

Capital One Auto Loan= 15921 ($325 mth)

Capital One Credit Card= 499/750

Credit One= 474/500

Macys= 32/300

Soco Loan= 413 ($70 mth)

Bank of America = 289/300

@I really need help-My husband was professional fighter-and his career end last year due to going blind in his right eye. May be around tax season to pay all credit cards in full, and to only use 10% of each card. I have been with Bank of America for 3 yrs and they have not show me any type of love on credit increase-not enough for $500 increase??? I do have $850 collections & Stalling Financial for $311 reporting on credit right now. I need help on how to go about paying credit cards, & getting increase on my bank america credit card?? I would love to see my score even @ 625

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Cap 1, Credit One and Bank of America need to be brought down to a lower level. (10% or less)Macy's is ok and the installment accounts do not hurt you as much, as long as they are in good standing of course. The 10% or less is optimal for scoring purposes, but it doesn't mean you can't use more than that amount of the credit line. Just be sure to pay it down before the statement closes for the month, as this is the amount that is generally reported to the credit bureaus.

I would work on paying down BoA first and then asking for an increase. They normally will do a soft pull if you request an increase.

You can post over in Rebuilding Your Credit if you need help in tackling the collection on your reports.

Good luck to you and your husband.

[Anonymous]

Is your bofa account secured? If you are ontime for 9-12 months and ask for them to unsecure they will often unsecure and cli. If you pay down your cards to 9% you will gain a good amount of points

[Anonymous]

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@Anonymous wrote:

I need help! My score have been around 537 for months. Can someone direct me in the right direction?

Capital One Auto Loan= 15921 ($325 mth)

Capital One Credit Card= 499/750

Credit One= 474/500

Macys= 32/300

Soco Loan= 413 ($70 mth)

Bank of America = 289/300

@I really need help-My husband was professional fighter-and his career end last year due to going blind in his right eye. May be around tax season to pay all credit cards in full, and to only use 10% of each card. I have been with Bank of America for 3 yrs and they have not show me any type of love on credit increase-not enough for $500 increase??? I do have $850 collections & Stalling Financial for $311 reporting on credit right now. I need help on how to go about paying credit cards, & getting increase on my bank america credit card?? I would love to see my score even @ 625

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The one thing that will significantly help your FICO score out is paying down all of those nearly maxed out cards. Aside from emergencies, there should be no reason to carry a balance on a credit card. With credit limits as low as you have on your cards, almost any balance will cause your credit utilization to skyrocket and your score to plummet. As an aggregate, your credit card debt is not that significant. You should focus all extra money on paying off the cards, and keep them that way. Once you do that, you will have more leverage to request credit limit increases. As of right now, you are seen as a risk-- what's to say you won't max out a $10,000 card? 

[fishbjc]

Hi MRS & Welcome!!!!!

Get those cards down to 9% available credit line.  Make sure you pay them before the statement date, not the due date so the correct amounts will report to the bureaus.

Macy's is fine...BUT.  Have you had this card for 3 months?  If so....CALL and request a CLI.  Call again at 6 months.  That should be good for at least $200 per 3 month cycle.

Collections:  Someone with good experience will chime in.

If you get your cards to 9%...you should see a nice jump!!!!!!