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Help / Boost FICO score by 30 points in 60-90 days

Your FICO® Scores can impact your loan interest rates, terms, approvals and more.
New Member

Help / Boost FICO score by 30 points in 60-90 days

Based on the credit profile below, what is best practice for boosting FICO 20-30 points in 60-90 days?

 

485 EXP / 584 TU / 576 EFX

 

Positive Trade Lines

  • Auto Loan - 15 months reporting / No lates
  • Student Loan - 15 months reporting / No lates
  • Student Loan - 4 months reporting / No lates

 

Derogatory Accounts

  • Collection (Utilities) - Date last active September 2016
  • Collection (Utilities) - Date last active September 2016
  • Collection (Comcast) - Date last active July 2016
  • Collection (The Cash Store) - Date last active March 2015
  • Medical collection - Date last active June 2014
  • Medical collection - Date last active August 2013
  • Charged-off Revolving Account (Furniture Store) - Date last active April 2013

 

I've been looking into the following trade lines as options:

 

  • Discover It Secured Card ($200 deposit)
  • FingerHut
  • MyJewelersClub
22 REPLIES 22
Frequent Contributor

Re: Help / Boost FICO score by 30 points in 60-90 days


  • Collection (Utilities) - Date last active September 2016 AMOUNT? TO WHOM?
  • Collection (Utilities) - Date last active September 2016 AMOUNT? TO WHOM?
  • Collection (Comcast) - Date last active July 2016 AMOUNT?
  • Collection (The Cash Store) - Date last active March 2015 AMOUNT?
  • Medical collection - Date last active June 2014 AMOUNT? TO WHOM?
  • Medical collection - Date last active August 2013 AMOUNT? TO WHOM?
  • Charged-off Revolving Account (Furniture Store) - Date last active April 2013 AMOUNT? TO WHOM?

Fill us in on amounts, please. What is the SOL for the state you live?



Starting Score: Nov 3, 2018: EX 597 TU 599 EQ 616
Current Score: July 19, 2019: EX 671 TU 692 EQ 689
Goal Score: Dec 31, 2019: EX 700 TU 700 EQ 700

Take the myFICO Fitness Challenge





Message 2 of 23
Senior Contributor

Re: Help / Boost FICO score by 30 points in 60-90 days

You have no CC's listed. Are you new to credit? You may have a thin file and thats why that 400 score is there. And like SMD said list your debts and compaines. If you dont have a CC then get 1 to have a credit mix. Try Cap1 pre qual for the Plat. Stay far away from the QS1.





My posts are JMHO. I DO NOT claim to be a FICO expert. Just sharing my experiences from rebuild to recovery after BK DC.
Message 3 of 23
Regular Contributor

Re: Help / Boost FICO score by 30 points in 60-90 days

Not to high jack, but why stay away from QS1? Just curious because I have that one.

Starting 5/2018

Current 3/2019
Message 4 of 23
Regular Contributor

Re: Help / Boost FICO score by 30 points in 60-90 days


@pursell1911 wrote:
Not to high jack, but why stay away from QS1? Just curious because I have that one.

I believe he hates the AF ?? Cap One is a good company for starters/rebuilders.. I suggest do the Cap One Platinum so no AF but no cashback.


Message 5 of 23
Highlighted
Established Contributor

Re: Help / Boost FICO score by 30 points in 60-90 days

Open Sky or Green Dot - NO HP and GTD an approval. WIth your scores I'd consider at least one of these. 

Started 6/6/2018 EX - 588 ; EQ - 667 ; TU 575

Updated 12/2018


Message 6 of 23
Senior Contributor

Re: Help / Boost FICO score by 30 points in 60-90 days

The QS1 is much harder to upgrade and yes $39 a year. If you have a 3-500 dollar SL. It would take a lot of spend and pay each month to get your AF back. Whereas the Plat will upgrade very easy to QS and get the same 1.5% CB and no AF. See below. Been there done that




My posts are JMHO. I DO NOT claim to be a FICO expert. Just sharing my experiences from rebuild to recovery after BK DC.
Message 7 of 23
Regular Contributor

Re: Help / Boost FICO score by 30 points in 60-90 days


@FireMedic1 wrote:
The QS1 is much harder to upgrade and yes $39 a year. If you have a 3-500 dollar SL. It would take a lot of spend and pay each month to get your AF back. Whereas the Plat will upgrade very easy to QS and get the same 1.5% CB and no AF. See below. Been there done that

Darn, I had a Platinum, and a QS1, and I combined my Plat with QS1.  Oh well.


Starting 5/2018

Current 3/2019
Message 8 of 23
Frequent Contributor

Re: Help / Boost FICO score by 30 points in 60-90 days

Not trying to hijack as well, but I received my QS1 in Oct '18, & so far I've earned back $16.31, so I I think I will earn back the AF+ if I continue at this pace, which has not been excessive spending.



Starting Score: Nov 3, 2018: EX 597 TU 599 EQ 616
Current Score: July 19, 2019: EX 671 TU 692 EQ 689
Goal Score: Dec 31, 2019: EX 700 TU 700 EQ 700

Take the myFICO Fitness Challenge





Message 9 of 23
New Member

Re: Help / Boost FICO score by 30 points in 60-90 days

Here are the collections amounts and creditors:

 

  • Collection (Green Mountain Energy) - Date last active September 2016 / Amount $716
  • Collection (Just Energy Texas) - Date last active September 2016 / Amount $107
  • Collection (Comcast) - Date last active July 2016 / Amount $136
  • Collection (The Cash Store) - Date last active March 2015 / Amount $1,139
  • Medical collection (AMCOL Systems Inc) - Date last active June 2014 / Amount $373
  • Medical collection (Commonwealth Financial) - Date last active August 2013 / Amount $139
  • Charged-off Revolving Furniture Account (WS Badcock) - Date last active April 2013 / Amount $900
Message 10 of 23