i finally got my fico score back to a respectle 693 after hitting a 590 just over a year ago,my score has not changed for 4 mnths,everything continues to be paid on time..and its been over 2 yrs w/not a single 30 daylate on my mortgage,i would like to do a refi in the future soo im watching my scores closely,has anyone experienced this sort of lag time in score movement?and is this any indication of a jump up or down next score change??
My fico score remained the same from January to mid May and I was beginning to wondering what was going on as well. As my balances were going down and 30 days late were at four years old. Then one week, it jumped 7 points and the next it jumped 6 points. Who knows what gives with the way they raise your score.
To figure utilization: Balance (divided) by Credit Limit = percentage. Lower then 30% recommended per account, this is one of the fastest means for increasing the over all credit score.
This month ( actually yesterday ) i noticed my True Credit Account had all 3 Current CRA updates. I hadnt got Score Watch email from MyFICO so today I got my new FICO Scores and they were all up a few points and updated.
Normally I get monthly emails about my score but I think that FICO just hasnt sent them out yet and this month I may have ordered new scores before they went out.
About Point movement: All my Accounts are PIF but my reports are still showing a balance on some. I think it will take 2 months to update all to current Zero. However - they have been registering about $2500 per month decreases and my scores only go up like 4-5 points. Gone are the days of 20-30 point jumps I guess.
I agree. I dont know if anyone can be certain about the amount of points you get for any certain action. Im just going by my reports and its looking like I got 4-5 points INCREASE for every $2500 paid Off - AND - with no new CCard uses/activity.
I think the most I saw was like a 25 point jump in ONE month but that was cause I paid off like $12-15K at one shot and also got some CL increases. All other months were like 10-15 point jumps but again - I was only paying off.....and never used any cards. So if you are using them your score jumps may be smaller but still jumping.
I never kept track of it and the FICO simulator is good for approx but not really accurate. I think I found it to be a kinda accurate once or twice but more on the lower end of the scores it offers
Pay AMEX Blue $800. BT another $300 from AMEX Blue to Chase. This will give you 8% util on both CCs. Between 1 and 9 % is ideal, so getting AMEX down from 19% will give you some additional FICO points.
