For optimized scoring; aggregate utilization 8.9% or below, individual utilization 28.9% or below. See AZEO, All Zero Except One card reporting a balance.
You're maxed out so your receiving maximum penalty points.
I would recommend reading the below from ABCD2199
The Truth about Credit Card Utilization
My 11 Rules to Credit Rebuilding
FICO Score: What to pay down first?
EX2 + 3 Bureau report for $1 at Experian or CreditCheckTotal (part of Experian). Cancel in 7 days or less to avoid the reoccurring charge.
TU4 WyHy quarterly score. Not sure on membership requirement. Maybe hard pull TU?
EQ5 Get a savings account with DCU. Soft pull EQ to be a member. Free monthly score.
@Anonymous wrote:hello there i am 38 years old and i need help in raising my credit score. my fico score through credit karma transunion 563, equifax 594
exp 543.
If I missed I'm sorry. But I don't see where the score model was addressed. Credit Karma does not provide FICO scores. They provide Vantage 3, used by less than 10% of lenders. Not sure where you're pulling your EX score.
But several have mentioned where you can get FICO scores. You may find they are close or could be far apart. You should probably start there and get a true picture of your FICO scores. But the information provided above is sound and reducing your UTL will definitely improve your scores because you're maxed on CC. For scoring, bringing each card's UTL below each known threshold should produce positive results (88.9%, 68.9%, 48.9%, 28.9%, 8.9%).
Not sure what Onemain is but if it's not an installment loan, keep in mind you'll likely lose some points if all installment loans are paid off. But as often stated, finances over scores.
Good Luck!
Agree with Trudy, as mentioned up thread, CreditKarma is great for monitoring your reports. The scores should be ignored.
