reaching 1 year on newest account will probably provide a score boost
unless WF doesn't like you for some reason, I can't imagine seeing you get denied for the card you want
how many cards have you opened in the last /12 months /24 months?
@AyaMai wrote:My Score is 770 was 775 a month ago
A target FICO® Score 8 of 820 could actually be met within 9 months, instead of the 12 months you entered, with the following actions
Continue to make your monthly installment loan payments on time to reduce the total installment loan balances of $10,725 you owe, it is down to $9700 not reported yet.
Pay all your bills on time for 9 months.
Allow your average length of established history to increase from 1 year, 8 months to 2 years, 5 months.
Allow the age of your most recently opened account to increase to 1 year, 1 month which will be 5 months in September 1
I have 44 open accounts & 2 closed.
Credit cards or credit lines
Total balance: $1,907
1% credit usageCredit used: $1,907Credit limit: $227,55017 inquiries, 8 will drop in the next 9 months.Is it possible to reach that score, I have no desire to apply any card just one card in June 2024 which is CHOICE PRIVILEGES SELECT MASTERCARD. Opinions are appreciated.
If you're really interested in getting an 820, you shouldn't apply for anything until you get there.
Disregard the score planner. Simulators are often way off.
But the advice it is giving, which is to let your profile age, is correct.
@AyaMai wrote:
@SouthJamaica wrote:
@AyaMai wrote:My Score is 770 was 775 a month ago
A target FICO® Score 8 of 820 could actually be met within 9 months, instead of the 12 months you entered, with the following actions
Continue to make your monthly installment loan payments on time to reduce the total installment loan balances of $10,725 you owe, it is down to $9700 not reported yet.
Pay all your bills on time for 9 months.
Allow your average length of established history to increase from 1 year, 8 months to 2 years, 5 months.
Allow the age of your most recently opened account to increase to 1 year, 1 month which will be 5 months in September 1
I have 44 open accounts & 2 closed.
Credit cards or credit lines
Total balance: $1,907
1% credit usageCredit used: $1,907Credit limit: $227,55017 inquiries, 8 will drop in the next 9 months.Is it possible to reach that score, I have no desire to apply any card just one card in June 2024 which is CHOICE PRIVILEGES SELECT MASTERCARD. Opinions are appreciated.If you're really interested in getting an 820, you shouldn't apply for anything until you get there.
Disregard the score planner. Simulators are often way off.
But the advice it is giving, which is to let your profile age, is correct.
It has come to a point that I need to let my profile age if I want to get a certain card in 10 months and other 3 cards after 22 months and with a higher credit limit. As for 820 wasn't my aim but how long I need to age to obtain certain cards, I am happy even with 780.
IMHO a score of 780 is just as good as a score of 820. Once you're in that league, it's the other factors that go into the credit-granting decision that determine the outcome.
In my experience, the simulators have been conservative in their timelines. In other words, I have reached the target score much earlier than they predicted on many occasions. As SJ said, follow the advice given for best results, score aside.
Starting Score: 469
Current Score: 819
Goal Score: 850
Highest Scores: EQ 850 EX 849 TU 850
Take the myFICO Fitness Challenge
Starting Score: 469Current Score: 819
Goal Score: 850
Highest Scores: EQ 850 EX 849 TU 850
Take the myFICO Fitness Challenge