I currently have several questions, so hopefully someone can HELP!! I currently have a credit score in the 630's. I have student loans of about $60,000 and only two credit card accounts. One is paid in full the other has a high balance (the balance is $3, 500 w/ a limit of $4,000), but I am currently trying to pay it off. When in college I made the crazy mistake of "opening a card at every store on earth" and closed them when I went to grad school about 3 years ago. Of course, I closed them before I knew better. I should have left them open with $0 balances. But what's done is done, I guess!
How can I get my credit score up above 700 quickly and how long fast can it go up? Do my student loans have a huge impact on my credit report? If I paid half of the high balance credit card off, what type of "spike" should I see in my score, if any?
Any information is deeply appreciated. 