Help Raise my Score.. PLEASE!

[Anonymous]

I have been a Police Officer for 12 years and have a salery of $85,000. I've been trying to raise my credit score to atleast 620. A year ago.. I paid off everything that was owed and since have opened a new Car loan, 2 CC's and one small loan of $2,500. I have been paying on time every month. I also joined Lexington Law Firm to help remove items that are subject to removal. I seem to NOT be able to get my score above 585. What can I do to reach my goal and CONTINUE raising the score. Any and all help will be appreciated. Thanks!

[Anonymous]

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@Anonymous wrote:
I have been a Police Officer for 12 years and have a salery of $85,000. I've been trying to raise my credit score to atleast 620. A year ago.. I paid off everything that was owed and since have opened a new Car loan, 2 CC's and one small loan of $2,500. I have been paying on time every month. I also joined Lexington Law Firm to help remove items that are subject to removal. I seem to NOT be able to get my score above 585. What can I do to reach my goal and CONTINUE raising the score. Any and all help will be appreciated. Thanks!

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In my opinion one of the first things to do is stop paying Lexington Law to do the things you can do yourself for free.

Installment loans (car loans, small loan of 2500) are not weighed as high as revolving loans (credit cards). 

What is your UTIL?

Do you carry a balance on your credit cards?

Do you pay your credit cards in full before the statement hits or after the statements hit?

Do you have any negative information (late payments, collections, charge-offs, judgements)?

This is just a few questions to get more information on what you may need to do to increase your scores.

[OptimalCS]

I agree with JM.

Drop Lex.

[RobertEG]

Probably the most common misconception amongst consumers is that paying of debt removes the prior reported delinquencies from your CR, and thus your credit score.

FICO scoring does not care whether a debt is paid.  The derogs are still there, and scored, as long as they remain in your CR.

It would appear, from what you have said, that your are currently in good standing on all accounts.  So it seems that a solid round of requests for GW deletion of some of these old derogs would be most helpful.

Start with the most serious derogs, such as collections, charge-offs, and 90+ lates.  Those are huge score-killers.

[Emma1137]

Sorry for the ignorance but what is "GW deletion"?   Is there a way of negotiating to have information deleted?  If would be helpful in cases where pld debt is paid off.  I have been told by many people that it isn't particularly helpful to pay old (more than 2 or 3 years') debts because the activity is so dated.  However, I would prefer to pay the debt -- particularly if I can have the information removed permanenty from my report.

Is that possible?

[Anonymous]

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@Emma1137 wrote:

Sorry for the ignorance but what is "GW deletion"?   Is there a way of negotiating to have information deleted?  If would be helpful in cases where pld debt is paid off.  I have been told by many people that it isn't particularly helpful to pay old (more than 2 or 3 years') debts because the activity is so dated.  However, I would prefer to pay the debt -- particularly if I can have the information removed permanenty from my report.

Is that possible?

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GW deletion means Good Will Deletion. 

If the debts are not paid then more then likely a GW would be unsuccessful, but you never know.

You can offer PFD (Pay for Deletion) for the debts that are unpaid. Keep in mind you should know your SOL (Statue of Limitations) in your state as they do not have to accept a PFD and if within SOL they can attempt to sue you. If within SOL just be sure to have the full amount owed in case they attempt to sue you.