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I increased my credit score by 100 points in less than a year.

New Member

I increased my credit score by 100 points in less than a year.

I set a goal on New Years to break 750 credit score and I finally did it!

 

I started out the year with a 650 credit score with four credit cards. Chase Freedom - $2,900, Capital One Platinum - $3,500, Best Buy - $1,000, and Amazon Store Card - $600. I had zero derrogatory marks, and 6 missed payments. (5, 2 30-day, 1 60-day, 1 90-day on a closed account 4 years ago, 1 30-day on the CapOne account I opened when I was 18) with credit utilization of about 74% and 2 hard inquiries.

 

I began to understand how the scoring worked, so I did all I could to lower my utilization. In late May, I was able to get it down to 20% and I applied for some new cards. The first was Chase Sapphire Preffered for $5000. Then I got a Barclaycard World Mastercard. Initiallly I was declined, but I called recon and got approved for $2,500 but I was able to talk the rep up to $3,500.  I also was instantly approved for CapOne QuickSilver for $1,000. This put my total credit limit to $17,500 from $8,000.

 

Since then, I've used my cards for everyday purchases and made payments multiple times a month to avoid paying interest. Since then, I got an auto credit limit increase from CapOne from 3,500 to 6,500 and Chase Sapphire Preferred from $5,000 to $7,000 putting me at $22,500.

 

I'm now sitting pretty with a score of 751. My next goal is to hit 775. I couldn't have done it without the help from these forums. 4 months in the garden and counting.

Chase Sapphire Preferred - $7K | Barclaycard Arrival+ - $3.5K | Capital One VentureOne - $6.5K
AMEX EveryDay - $7K | Chase Freedom - $2.9K | Capitial One Quicksilver - $1K | Best Buy - $1K | Amazon - $.6K
Message 1 of 18
17 REPLIES 17
Established Member

Re: I increased my credit score by 100 points in less than a year.

Congrats and welcome to the forums! You should see a little bump in your score at the 6 month mark then another at the 1 year mark (assuming you stay in the garden). You'll be at 775 in no time Smiley Happy

Message 2 of 18
Member

Re: I increased my credit score by 100 points in less than a year.

That is so awesome to hear! Congratulations! I started using my fico in March with a 610 score. After taking all the advice from these forums and doing what I can to pay down my debt, I am not at a 667. I did not think that the knowledge of how the scores work would work for me this quickly! In just 5 months my score has gone up more than 50 points! Thanks myFICO and all of those who participate in the forums!


Starting Score: EQ:611 TU:609 EX:629
Current Score: EQ:666 TU:661 EX:648
Goal Score: 700


Take the myFICO Fitness Challenge
Message 3 of 18
Regular Contributor

Re: I increased my credit score by 100 points in less than a year.

I increased my TransUnion score by 199 points in one month. from 581 on 7/30 to 780 on 8/29

AMEX Plat. $N/A --- Amex PRG $N/A --- Chase Sapphire Preferred $15k --- PenFed VISA Sig. $11.5k --- PenFed AMEX $10k --- JP Morgan Ritz-Carlton $8k --- Chase Slate $5.7k --- Barclaycard Arrival + $6.5k --- Fidelity AMEX $6.5k --- J Crew $4.8k
Message 4 of 18
Mega Contributor

Re: I increased my credit score by 100 points in less than a year.

Congrats! Thanks for sharing.

 

 

Discover IT $17k / US Bank Ace (VSig) $13.5K / US Bank Cash+ (VSig) $13.5k
Sam's Mastercard $15k / Walmart Mastercard $10k / Blispay $7.5k PayPal Ex MC $10.8k
CareCredit 5k / Husq $5k / Cap1 QS $4.5k / Barclay Ring $5.35k / Citi DC (WMC) $12k
Gardening Date 7/01/16 / MyFico 08: EQ 801 / TU 777 / EX 771 / 06/08/17
Message 5 of 18
Valued Contributor

Re: I increased my credit score by 100 points in less than a year.

congratulations!!   That is outstanding!  Smiley Happy

Year 2012: All Scores in the 520 range, during a foreclosure, CC Settlement and high UTIL. Very ugly days...
Jan 2021: EX8: 850; EQ8: 850; TU8: 850 -- Middle Mortgage Score: 824
In My Wallet: Discover $73.7K; Cap1 Venture $42.7K; Amex ED $38K; Amex Optima $2.5K; Amex Delta Gold $18K; Citi Costco $21K; Cap1 Plat $8.4K; Barclay $7K; Chase Amazon $6K; BoA Plat $21.6K; Citi TY Pref $19K; US Bank $4K; Dell $5K; Care Credit $6.5K. Total Revolving CL: $285K
My UTIL: Less than 1% - Only allow about $10 a month to report, on one account. .
Message 6 of 18
Frequent Contributor

Re: I increased my credit score by 100 points in less than a year.

Congrats on your success! These forums have also helped me tremednously. I've learned how to handle credit much smarter!
•Chase Freedom • AMEX BCP •AMEX Rose Gold •Apple Card •Chase Amazon Prime •Discover iT •NFCU Cash Rewards •US Bank Cash+ •Nordstrom VISA
Message 7 of 18
Valued Contributor

Re: I increased my credit score by 100 points in less than a year.

Everyday im hustling lol .... congrats!


@Norby wrote:

I set a goal on New Years to break 750 credit score and I finally did it!

 

I started out the year with a 650 credit score with four credit cards. Chase Freedom - $2,900, Capital One Platinum - $3,500, Best Buy - $1,000, and Amazon Store Card - $600. I had zero derrogatory marks, and 6 missed payments. (5, 2 30-day, 1 60-day, 1 90-day on a closed account 4 years ago, 1 30-day on the CapOne account I opened when I was 18) with credit utilization of about 74% and 2 hard inquiries.

 

I began to understand how the scoring worked, so I did all I could to lower my utilization. In late May, I was able to get it down to 20% and I applied for some new cards. The first was Chase Sapphire Preffered for $5000. Then I got a Barclaycard World Mastercard. Initiallly I was declined, but I called recon and got approved for $2,500 but I was able to talk the rep up to $3,500.  I also was instantly approved for CapOne QuickSilver for $1,000. This put my total credit limit to $17,500 from $8,000.

 

Since then, I've used my cards for everyday purchases and made payments multiple times a month to avoid paying interest. Since then, I got an auto credit limit increase from CapOne from 3,500 to 6,500 and Chase Sapphire Preferred from $5,000 to $7,000 putting me at $22,500.

 

I'm now sitting pretty with a score of 751. My next goal is to hit 775. I couldn't have done it without the help from these forums. 4 months in the garden and counting.


 

Message 8 of 18
Regular Contributor

Re: I increased my credit score by 100 points in less than a year.


@nrivas7 wrote:

I increased my TransUnion score by 199 points in one month. from 581 on 7/30 to 780 on 8/29


OK, I'll bite. How did you do it?

Message 9 of 18
Regular Contributor

Re: I increased my credit score by 100 points in less than a year.


@hawaii-girl wrote:

@nrivas7 wrote:

I increased my TransUnion score by 199 points in one month. from 581 on 7/30 to 780 on 8/29


OK, I'll bite. How did you do it?


Two collection accounts fell off. FIrst one increased my score by 50 points then the last one fell off this past week and score jumped 149 points when that fell off.

AMEX Plat. $N/A --- Amex PRG $N/A --- Chase Sapphire Preferred $15k --- PenFed VISA Sig. $11.5k --- PenFed AMEX $10k --- JP Morgan Ritz-Carlton $8k --- Chase Slate $5.7k --- Barclaycard Arrival + $6.5k --- Fidelity AMEX $6.5k --- J Crew $4.8k
Message 10 of 18
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