@8isnuf wrote:I am new here. My credit scores are 640 - 650 depending on the report. My UTI is a little higher than 40% so I want to lower that. I have much student loan debt but it is still in the grace period. I have no derogatory accounts. What is the best course of action. I work part time because I recently finished graduate school. I am looking for a full time position. Husband is employed full time making six figures but has very high UTI. Scores are about the same. All three of my bureaus are frozen because of fraudulent changes (not mine) made on a debit card a few years ago. I will have to unfreeze to apply for other credit. 2 credit cards, no car payment, authorized user on 3 credit cards.
1. You should get yourself taken off the authorized user cards, since your husband has high utilization.
2. Of course you need to unfreeze the bureaus.
3. You should get both cards down to 28% or less.
After these are accomplished, your scores should be improved. IMHO this is not a time in your life to be adding on new credit accounts, but if you do want to add something, find out what your 3 FICO 8 scores are after everything has reported and come back to us with an idea of the type of credit account you want to add, and we will be able to give you some ideas.
@8isnuf wrote:I respect your opinion especially since I am very new to these concepts. My concern with removing me from the authorized user accounts, I think there are only 2, is that I did not use credit cards unitl I was added. Because of this my credit file appears to be new (2016). My scores then were almost 800. I had a couple of small personal loans (2011) which were paid promptly in an effort to build credit.
I have been trying to reduce the balances on his cards, especially where I am an authorized user, but it has been an uphill battle. One company reduced the balance to the amount owed. Ugghhhh......
I really do not want to increase my credit balances; my main purpose is to position myself for possible divorce. My hope in getting a new account would be to decrease my UTI. Once employed in my chosen field I should command a six figure income as well.
I am trying to remove the freezes but Equifax always gives me problems.
Thoughts?
What you just said confirms 2 of the 3 things I just said.
Get yourself off of the authorized user cards.
Get the bureaus unfrozen.
And as I mentioned, you should make sure your revolving balances each report at 28% or less.
