Last time I posted on this forum I was struggling in the early 600s for my FICO. As of last month it has held steady at 732. I have 5 credit cards, 2 are from 2017, 1 from 2020 and 2 from this year (Cap One, Credit One, Discover, Chase (Amazon Prime) and Amex Everyday.
I opened the recent cards this year only to improve my CL status. I had ALL cards except Cap One paid almost entirely off every month. A few years ago I struggled with $6k Cap One debt. I have it down to $1900 and was making larger payments.
With things looking up, last June I enrolled in a trade school, with some grants and loans, deferred payments for 18 months, but today TWO loans (one subsidized, the other part not) showing up on my TransUnion and taking it down to FAIR (600s) today. I don't know if it was just from that or the fact too that my Chase and Amex were opened in the last 6 months.
I've had to use my cards more this past month after my business took a huge hit, but still maintain a 25% CU rate.
How fast can I recover from this? I thought I read somewhere that Experian won't dent us for having student loans.
I have NO derogatories on my Experian. I have 2 very old old medical bills from California 2015 (am in Oklahoma since 2016) on TU and EF. That's it.
ANY input appreciated. I've worked so hard and was on my way to "Excellent", just a very short way at the time!
