My score

[Fallonrmq]

I just looked up my score with score watch and it is 603. I noticed that when I was in the 500's the score would either jump by 28 points or go down by a large number of points. Now I've noticed that the score is inching up by 1 or 2 points. Is this the norm or will I see some larger jumps in my score since I've been paying my bills on time.

thanks.

[Tuscani]

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Fallonrmq wrote:

I just looked up my score with score watch and it is 603. I noticed that when I was in the 500's the score would either jump by 28 points or go down by a large number of points. Now I've noticed that the score is inching up by 1 or 2 points. Is this the norm or will I see some larger jumps in my score since I've been paying my bills on time.

thanks.

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No one can tell you how many points a single event will increase or decrease your score. Just make sure all negative information is off and let time pass.

[Fallonrmq]

I was wondering how long Charge offs and settled for less than full amount stay on your credit report. I heard it stays on your credit report for 7 years. Any truth to this?? Thanks for the help.

[Tuscani]

http://ficoforums.myfico.com/fico/board/message?board.id=generalcredit&thread.id=2689

[TheNewWorldMan]

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@Fallonrmq wrote:

I just looked up my score with score watch and it is 603. I noticed that when I was in the 500's the score would either jump by 28 points or go down by a large number of points. Now I've noticed that the score is inching up by 1 or 2 points. Is this the norm or will I see some larger jumps in my score since I've been paying my bills on time.

thanks.

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There does come a time when, in your efforts to improve your score, you have "picked all the low-hanging fruit," as it were. Once you get your utilization down to the 0-9% range, and disputed off incorrect baddies from your CR, you've pretty much done everything you can do in the short run to improve your FICO.

[MidnightVoice]

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TheNewWorldMan wrote:

There does come a time when, in your efforts to improve your score, you have "picked all the low-hanging fruit," as it were. Once you get your utilization down to the 0-9% range, and disputed off incorrect baddies from your CR, you've pretty much done everything you can do in the short run to improve your FICO.

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Then you just sit back and put your feet up for a few years.

Credit is like a hangover - time is a great healer.