| Income | 26,000 | ||
| Car Loans | 42,000 | ||
| MyFico Credit Score | 620 | ||
| Utilization | 52% | ||
| Oldest Account | 3.3 years | ||
| AOA | 1.2 years | ||
| Credit Portfolio | |||
| Credit Limit | Balance | ||
| Bank of America | 5000 | 2000 | |
| Capital One | 4000 | 500 | |
| Amex Blue Cash | 6000 | 2000 | |
| Discover | 4750 | 3000 | |
| USAA | 1500 | 0 | |
| Barclays | 2500 | 0 | New Account |
| Amex Gold | NPSL | 0 | |
| Total My Credit Use | 23750 | 7500 | |
| Authorized User | |||
| Amex Blue Sky | 25000 | 22000 | |
| Amex Clear | 2000 | 0 | New Account |
| 27000 | 22000 | ||
| Retail | |||
| Macy's | 2600 | 0 | |
| Best Buy | 3000 | 0 | |
| 5600 | 0 | ||
| Total CL & Balance | 56350 | 29500 | |
| Utilization | 52.35 |
Please feel free to provide any advice. I am looking to improve my wife credit score and I know by this time next month all credit card balance will be reporting 0 balance except for the authorized accounts of $ 22000. I will probably have Amex remove her as an AU but I am not certain how it will affect her since this is the largest trade line reporting. Should I try to request credit line increase before or after removing her as AU and what are the chances that she will be approved for credit line increase with current score. I know my wife has no lates or no baddies on any account this far. The oldest accounts are Bank of America and Capital one with CLI last month. Most of the other accounts was open between June through October of 2012. Barclay was open this month and Amex Clear Added this month. What can we do different to increase the credit score and credit card limits. I am hoping to buy a house by the end of this year and lastly, even though I have a auto loan with Penfed I was not approved for their credit card. What can we do get Penfed. All credit reports are reporting about 12 inquires on average.
Any Advice would be greatly appreciated and many thanks in advance.
Thank you.
Starting Score: 532
I am sorry for the confusation. The Income is my wife, with one car finance through penfed @ 1.99 and the other through USAA @ 8.49. The credit score is hers. The 22000 Amex is my sister account. Amex Clear and Amex Blue Sky is both my sisters account.
Every credit card on here is hers except where is says AU. Penfed approved her when her scores was in the low 700's about a year ago. The only accounts that is not hers is the Amex Blue and Amex Clear. The 22000 will be reduce in about 2 months time. Thanks for you input.
My Scores are listed in my sig line. My wife Scores are 620 as per MyFico.
+1 on canceling AU. Definate increase in score once balances paid off. Finally TIME my is your bf right now. Let accounts age and inquiries fall off. Especially since you are looking to app for mortgage later this year.
Starting Score: 585
Remove her on the authorize user with $$22k balance on it.
You should see a big jumb on credit score.