2 years provided you Pay on time and full balance payments, try keeping utilization less than 15%, Dont get any Hard inquiries. Check at the end of 1st year if you hit the 750 mark you know you are on target.
@FICOlearner123 wrote:2 years provided you Pay on time and full balance payments, try keeping utilization less than 15%, Dont get any Hard inquiries. Check at the end of 1st year if you hit the 750 mark you know you are on target.
Less then 8.9%. Under 28.9%. There's no 15% threhold.
@Anonymous wrote:Wanted to get some feedback. What would be a conseravtive time frame for someone in my position to reach the 800 score again?
Fico 8 score 685 all three bureaus
25% utilization rate- Keep this under 8.9% on 1 card and over all util alos. Why pay interest?
Only negative on my credit, 1 30 day late in September 2019, BMW financial and just paid the car of this month 30 day lates hurt the most for 2 yrs. Then fades.
Credit Average History 2 years Dont go below 2 yrs.
1 Home Mortgage for 5 years
1 Installment Loan 1 year Only need 1 loan. Mortgage counts. If you can pay this off. Do so.
1 Car Lease for 2 years
AMEX Platinum and Gold
Chase Sapphire Preffered $24K Limit
Apple Card $15K Limit
Citi Card with $6K
3 other cards with 5 years each of credit history each Credit Limits mean nothing to FICO. Its whats reported each month percentage-wise that counts.
Just paid off two installment loans this month.
Hope that helps. Older ages on accounts help along with AAoA's.