Alright, So I can't complain about a cli. I am for sure happy, just was hoping for more. Been working on my credit for about a year now and have made massive improvements. I have finally hit the 670-680 fico 8 range. I submitted a request when the ar was done with Navy and got the 3-5 day message and decided to let it ride and see what happens. Got a letter in stating that they did indeed give me a cli to 4000. Well the letter states that my eq is 629. Now I know enough from reading on here that is an eq04 score becasue my eq08 is 678. ( Other scores are tu 668, ex 687 )
So here's the questions.
What factors in the the eq04 score that makes it almost 50 points lower for me.
Is there anything I can do to raise this. (I went back to May when I first got my reports on here and my eq 04 was 620, so It's only risen 9 points while the 08 has risen almost 40)
I do have a lot of old cc charge offs and a fmc chargeoff( along with a judgement to match.) All CC charge off's have been paid except 1, and the fmc/ judgement has been settled.
Have lots of new accounts in the last year ( about 12). But also several accounts over 15 yrs old ( AAoA still 5.8 years)
Utilization under 20 %( even with last cc charge off, Plan on paying that in the coming months, saving now)
Everything bad is at least 4 years old.
I really want to app for the Venture around the first of the year. But I know they use 04 scores and a 629 ain't gonna cut the mustard. lol
So any advice or guidance would be greatly appreciated.
