@FICOdawg wrote:There are those above in this thread who imply that the FICO score is a super algorithm that shall not be questioned and that it correctly/accurately determines a consumers credit risk.
I don't think anyone here has even remotely implied this except you. You've created a straw man.
@FICOdawg wrote:Take you 2 minutes of scrolling to read how the almighty FICO algorithm is correct and my opinion of it is essentially blasphemy.
No, but it's clear you don't understand what FICO is and what it isn't. Nearly every post has tried to help you with that. Instead, you just get ticked off that your half-million dollar paid off house isn't part of the FICO equation. Sorry, it doesn't work that way. Is it perfect? No. But you will do much better with this if you just accept what you can't control and work on what you can.
I'm glad to see your score go up as your utilization rate decreases. That is exactly what everyone here suggested and it's working. Keep it up and you'll hit 800 or higher soon.
Your kinda missing the point. FICO doesn't do what you think it does either.....
My bank literally sent out an email article about NOT paying off a car loan due to the potential impact to your credit score. The system rewards debt.
It's obvious paying the credit card down would raise my score. But that's cherry picking the many points made elsewhere in this thread.
I paid off over $10k of my CC in one shot and score went from 714 to the current 732.
i expect to be back over 750 in another two months.
Data points. I made post already but seems to have disappered. Goal: 800 FICO for boat loan and they use Experian when pulling credit.
EX FICO8 is 752 as of today. It's not updated to reflect lower balance yet but so be it.
One installment loan opend in December. I expect to gain back the 25 points this December. That gets me half the points I need
Loan will be below 89% in another month or two. How many points will I get?
There will be no more hard pulls before I apply for boat loan.
Cards:
Paypal Credit Card (6k CL) --> PIF & no balance
Chase Marriott (18.4k CL) --> PIF & no balance
Chase United (25.5k CL) --> 19.8k balance (once recent payment updates)
Will have this paid to around $4k by December 31 which will have me below 9% aggregrate and <19% individual.
My thought is after my aggregate gets below 29% to call and ask for CLI. Should I ask for it on the PIF card or on the United Card?
Other:
My free EX acct shows 17 accounts, 4 open. Many of these accounts are 10+ years old with and old CC (now closed) showing 1992. My 2 Chase cards were open prior to 2010..... Will pull all three reports in December once I have remaining card paid way down.
Will be hitting several thresholds for aggregate and individual cards over second half of year. The ultimate question is will the mix get me 800. I guess we will find out 
@FICOdawg wrote:
Will be hitting several thresholds for aggregate and individual cards over second half of year. The ultimate question is will the mix get me 800. I guess we will find out
You'll get over 800 soon for sure. Your utilization has been the problem and it looks like you are making great progress there. I'm over 800 with zero loans and just a few credit cards. It can be done.
