At the present time I am maxed out on my cc's and everything else. Horrible I know!!!. However , I have been paying everything on time ( no lates recently). I am in the middle of a refinace to pay off 90 percent of debt.
I have cc's that should becoming up on a 1 yr anniversary and others with at least 3 to 5 yrs history. I also have mortgages on three properties, which are all current never late. 1 mortgage with a 1 yr history the other with less than a year. Currently I am at 638 high and 627 low. I am thinking about closing two of the 1 yr anniversary cards before they are paid in full and before the 1 yr anniversary date, reducing my open lines of credit
Also I have had a late a 60 days late pay on closed cc (closed for over 1 yr), and a 30 late pay ( 1 yr and 3 months ago) on my oldest cc (5 yrs old), and a 60 day late on my first mortgage back in 2004 this is now closed and the mortgage compnay keeps buying my debt.
Is this a good strategy to make my Fico raise by about 80 pts. or what would be the best way to make it rise 80 pts. I need a big jump. I was reading the fico download and I know it will take time. However, I would like to firmly position myself so it will continue to rise. I will continue to use one or two cc's to earn frequent flier miles (lol) But this will be for normal household use and paying the balances immdiately. Ex: going to grocery store spending 100 dollars coming home and sending the cc a chk that day. miles plus zero balance, hopefully know effect but a increase in miles and fico
If someone has better idea please let me know I ma listening with a open mind and a agenda
Message Edited by rudy on
05-14-2007 02:32 AM
