Credit Score PREDICTION Advice

[Charmante]

I'm very excited about what's going on with my credit and want the advice and predictions from some of the experts on this site, please!

Okay, so I've been rebuilding for 5 months now and my score has been skyrocketing! I started at a 520 on March 10th, 2020.

Currently I'm a 650.

Now my questions:

I'm down to only 2 Baddies now. Both are Collection Accounts...

In December one deletes (ages off).

What should I go up to in December?

Then in February the last one ages off! And I'll be 100% positive!

What should I raise to then?

I have 8 Positive Accounts, using LESS THAN 5% of available credit, AAoA is 3 years (if you only include Revolvers or 6/7 years if you factor in Installment Loans too...?)...

Less than 4 Inq.

Total available exposure is about $25,000.

Thank you all for helping me achieve where I'm at and headed!!!

[M_Smart007]

Congrats on your rebuild.

Honestly the best thing you can do is;

1) get/let any baddies be removed

2) Keep your utilization in check

3) possibly look into a SSL (if you do not have a loan reporting)  but that is not 100% necessary!

3) Don't apply for a bunch of new credit (Garden)

Your scores will improve over time without anything but age.

[Charmante]

Thanks!

[sxa001]

I am not sure how accurate the MyFICO simulator is, but you may want to check it out.  It is available for subscribers.  It doesn't have a "Collection falls off" option but does show the impact of a new collection.  Having a collection fall off should have a very positive impact, if you haven't paid the other collection down to 0 trying for a Pay For Delete might be a good idea.  

I agree with the other poster, don't open any new accounts if you can avoid it and continue to keep utilization low and good luck with credit journey! 

[Anonymous]

If you have 2 collections due to come off, one in Dec and one in Feb, you'd expect to see little to no gain in Dec when the first comes off.  The good news is that in Feb when the other/final collection comes off, assuming you have no other negative information anywhere on your CR, your scores will increase substantially.  If you're sitting at 650 now dirty, expect an easy +100 in going clean, bringing your scores likely to the top tier level.  Other factors of course like aggregate utilization, inquiries, AoYA, AoOA etc. will then matter increasingly more once your payment history is solid, so letting us know where those factors stand could be the difference in (say) a 740 score or an 820 score.

[Charmante]

Okay, let's assume it's now February and I'm now in a 100% Clean Category.

My credit will appear like this:

REVOLVING:

Cap1: Opened 06/2016 $0 of $500

Cap1: Opened 06/2017 $0 of $500

Cap1: Opened 06/2018 $0 of $400

Macy's: Opened 03/2020 $0 of $25,000

CFNA/Firestone: Opened 03/2020 $0 of $750

PenFed LOC: Opened 03/2020 $100 of $500

INSTALLMENT:

PenFed PL: Opened 05/2020 $750 of $1,250

Student Loan: Opened 05/2011 $2,500 of $2,500 and $5,000 of $5,000 and $2,500 of $2,500 and $7,500 of $7,500 and $5,000 of $5,000 (5 loans, all opened 05/2011, all maxed, totaling $20,000).

Inq. in last 12 months: less than 3.

Any guesses to my scores?