FICO score is going nowhere....

[IrishPM]

I've been sitting at 701 EQ and 691 TU for about 5 months now.....Utilization is below 1%....use my credit cards monthly and keep utilization low....only reporting 2 inquiries for each report....all over 1 year old.....no collections....no lates....no BK.....no mortgage....no auto loans....all accounts reporting paying on time or as agreed.....total revolving credit reporting at $28.......credit history is showing 10 years 7 mos.......Any guess as to why I'm stuck at these scores????....frustrating....

[Anonymous]

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@IrishPM wrote:
I've been sitting at 701 EQ and 691 TU for about 5 months now.....Utilization is below 1%....use my credit cards monthly and keep utilization low....only reporting 2 inquiries for each report....all over 1 year old.....no collections....no lates....no BK.....no mortgage....no auto loans....all accounts reporting paying on time or as agreed.....total revolving credit reporting at $28.......credit history is showing 10 years 7 mos.......Any guess as to why I'm stuck at these scores????....frustrating....

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You have no derogatory information reporting at all? None?

AAoA = ?

What negatives are produced on your FICO reports?

[smallfry]

Scores seem low for a clean report.

[haulingthescoreup]

Look at your myFICO score reports and check screen 2, which lists the negative and positive factors that are influencing your scores.

What are the negatives, in order?

[cdtotten]

You have no installment loans (mortgage, student, etc)? Seems like this lack of a mix of credit may be keeping your scores down as well. AAoA could be harming you as well.

[IrishPM]

Tab 2 in my report lists the following: "Seeking Credit" and "Short Credit History".......on the "seeking credit thing, I've had 2 inquiries in the past year.....as for "short credit history, it's showing my history as "10 years and 7 mos" or "average age of account is 5 years......could explain why the scores are stuck in limbo until I hit the magical 12 years or 6 years average age of account......

[IrishPM]

Positive factors include low utilization, recent use of credit cards, paying bills on time.....

[smallfry]

Something must be up. 5 year average age is not bad. I would think you would be sitting over 740 easy.

[Anonymous]

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@smallfry wrote:
Something must be up. 5 year average age is not bad. I would think you would be sitting over 740 easy.

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Something has to be up. I would obtain a full CBR directly from TU and go over it with a fine toothed comb.

Recent TU FICO report (from transunioncs.com):

Oldest Account: 10+ years.

AAoA's: 4+ years

INQ's: 0, 1 year; 1, 2 years

Positives:

There is no evidence of a serious delinquency (60 days past due or greater) or derogatory description on your credit report.

You've limited the use of your available credit. (UTIL = 8%)

Negatives:

You have missed payments on your credit accounts. (Well aged.)

You have too many credit accounts with balances. (One too many, sneaky last day charge eluded me!)

TU FICO Score: 749