flatline score

[Anonymous]

Anyone else have or had the same problem as I do??? My credit score has never moved in 60 days. I have paid all my accounts on time, no lates. The score WAS going up about 10 points per month until my mortgage started reporting to the bureaus. The mortgage was not showing up until recently. My mortgage is 8 months old with no lates.. But I guess the extra 94 K showing up on my report is causing it to flatline.. How much longer will my score remain flat? and when I can I expect 10 point per month jumps again? It is frustrating and brings me a disgusting feeling that I was doing so well trying to increase my credit score and nothing has happened for over 60 days.

[Anonymous]

Depending on what you've done, how recently your credit was opened lots of factors can cause score stagnation. The most important thing for your credit is time. The higher the score the harder upward mobility. If in the past several months you have had credit reaching key maturation points such as 6,12 and 24 month marks that would cause the rapid increase you saw.

You can continue to improve. What's you utilization like.  Brace yourself, depending on hold old your credit is you could still be in for some ups and downs when you change scoring pools

[Anonymous]

Thanks.. That's probably what happened the mortgage refinance in December redated my credit report. I think my youngest account was 26 months. Then when my mortgage started to report back in June or July, it backdated our youngest account to 8 months. That's the only thing I can think of right now. But I THINK once this account becomes a year old, Our score should improve at the rate of 5 to 10 points per month. It is frustrating considering I was in the upper 400's in November and December.. Got to the mid 500's in July and nothing changed since. At first I thought Scorewatch had me stuck.. but not so..

Message Edited by Pants on 09-14-2007 12:43 AM

[Anonymous]

My score doesn't move anymore at all unless I change UTL. I don't expect a score change until I add or delete an account on my CR. It's usually the sign that your score is really good, really bad, or lacking something. You should still see changes every 6 months just due to aging.

Message Edited by ilovepizza on 09-13-2007 09:50 PM

[Anonymous]

The fact that your score is 1n the 500s at all tells me that there are some serious derogs there.  What do you have reporting negatively?  If you have valid negtive history, after two years they won't impact your score as much

[Anonymous]

The serious damage is because of lates.. 34 of them.. My last late reported was sometime in March or April. It took me four months to get caught up on one of my cards and the card reported me late until I got caught up.. If you have 17 open accounts, have a rough month or two and you were late on all of them. That was like a sledgehammer hitting the credit report 34 times.. That is the only time in 7 years I have been late.

I have nothing else.. I think I am using about 65 to 70% of my credit lines.. I made up my mind no more credit cards.. So that number has been slowly going since October of last year.  

I have nothing in collection, and no public records. Only lates and 70% or so of revolving credit limits.

[Anonymous]

Okay 34 lates are serious.  You can try goodwilling the creditors to rmove them but first lets get that utilization down to below 30%. You can do that a card at a time.  Once you get the utilization down you should see ome real boosts to your score.  If you can send a good will letter to your creditors explaining the situation at the time, some may be willing to remove the late payment history.

[Anonymous]

Forgot to add, once you get below 50% you should also see an increase

[Anonymous]

What about inquiries?  As I understand Inquiries only count for 12 months. I have 4 showing up on my CR in the past 12 months.

One should be over a year old on August 24th.. (I didn't yet check to see if this rolled off)

One will be a year old on September 16th and another on the 20th.

I have another inquiry that should be a year old on October 10th..

Will these aged inquries eventually help? I thought 4 or more per year affected credit score? or do all hard pulls affect score?

[Anonymous]

After 6 mos inquiries do not hurt your score enough to be important. 4 is not going to kill you. I have 12 on Ex from trying to go prime too soon.  Your main concern at this point should be to get your utilization down and seek a little goodwill from your creditors.