@krit wrote:I have a question. I have 16 accounts, 10 open that have perfect payment history, five closed that have perfect payment history and one collection that is 6 years old. My utilization is showing at between 1% and 0% every month, $43k total credit, and my AAOA is 4.5 years. My TU score is 650 and my EX is 670.
There are people with BK's whose scores are in the 700s. I know the collection is doing the most damage and the AAOA is low, but why can't I break 700? I see others with 2-3 collections with scores over 700.
What's going on in your opinion? Thank you for any insight.
Can you clarify the 1 and 0. Are you doing AZEO? Having 1 card at 1% and the others at 0%? Any consumer finance loans? Doesnt look right as you say. Pull your real reports from annual credit reports. There must be something hiding.
@krit wrote:I have a question. I have 16 accounts, 10 open that have perfect payment history, five closed that have perfect payment history and one collection that is 6 years old. My utilization is showing at between 1% and 0% every month, $43k total credit, and my AAOA is 4.5 years. My TU score is 650 and my EX is 670.
There are people with BK's whose scores are in the 700s. I know the collection is doing the most damage and the AAOA is low, but why can't I break 700? I see others with 2-3 collections with scores over 700.
What's going on in your opinion? Thank you for any insight.
I agree that your scores seem a little low for someone whose only negative is a 6 year old collection. Would need to know the limits and reported balances on the revolving accounts, and the loan amounts and balances on open loans if any, to give you advice on how to juice up your scores.
On another note, I would work on getting the collection removed, by sending verification letters to the bureaus.
OP, do you have a lot of recent inquiries? The only other thing I can think of is the zero utilization. You need to have at least one (and ideally just one) card showing a small reported balance on the date your report is pulled.
@krit wrote:Sometimes I'll have an account with maybe a $100 balance on a card but it will show as 0%. Usually it's 1%. The biggest utilization in the past year was 3%. No open loans. Nine inquiries on EX and 5 on TU.
There ya go. Your missing out on 20-30pts with no loan. Is there a way you can into NFCU for their SSL. Also PENFED has a SSL. Each time you dispute and it comes back verified. That hits your score causes it to update as new. So the CA is also dinging you. Whos the CA? You might have one that PFD.