Welcome to the boards. My initial thought is that if you want to increase your score, then don't apply for any new credit lines. You get penalized for 12 months when you get a new account. Every new account resets the 12 month clock. Also, inquiries stay on your report and ding you for 12 months (FICO) and 24 months (Vantage). So, by not opening any accounts, you will boost those two components: new accounts and inquiries. Also, just letting all your accounts age without adding new accounts will help your average age grow. New accounts will bring that average age down. So, if you are serious about increasing your score, the last thing you should do is open an account.
I agree with @Varsity_Lu, let all of your accounts age, you already have a wide enough spectrum of credit and high enough limits; simply sit on everything and watch your scores grow.
- Don't add new cards.
- Practice AZEO at 5%.
- Get a mortgage.
- Profit
I guess I am confused. The title of the post says you want to reach your max score in 2 years. Now, you are saying you want to reach max credit limit in 2 years. Which is it, because the plan of action to accomplish your goal will change depending on your answer.
@Varsity_Lu wrote:
I guess I am confused. The title of the post says you want to reach your max score in 2 years. Now, you are saying you want to reach max credit limit in 2 years. Which is it, because the plan of action to accomplish your goal will change depending on your answer.
Yup.
