I would recommend reading the below from ABCD2199
The Truth about Credit Card Utilization
My 11 Rules to Credit Rebuilding
FICO Score: What to pay down first?
EX2 + 3 Bureau report for $1 at Experian or CreditCheckTotal (part of Experian). Cancel in 7 days or less to avoid the reoccurring charge.
TU4 WyHy quarterly score. Not sure on membership requirement. Maybe hard pull TU?
EQ5 Get a savings account with DCU. Soft pull EQ to be a member. Free monthly score.
@jwpezd wrote:Thanks so much, this is super helpful. I have thoroughly scanned my experian report in comparison to the other two and have not found a single discrepancy.. I still am not sure on how that is a 764, when the others are 660 and below..
Where are you getting your reports for TU and EQ? Is it from Experian as well?
www.annualcreditreport.com may have more detail if you don't have a copy.
@jwpezd wrote:I would like to get to a 700+ mid score (ideally higher), but not sure I can do that without depleting too much of my savings.
You're currently at 35% aggregate utilization. It is possible to get to 700 MMS. You have two aggregate scoring thresholds to cross, 28.9% and 8.9%. Also, you'll gain more points once you get more accounts to zero. As mentioned up thread, it all depends on available funds.
@jwpezd wrote:I am pulling the reports from here and getting the mortgage scores.
30D scorecards are a little weird across the board honestly.
Couple of notes: lates are still considered recent on EQ/TU FICO 04 models at least for at least 18 months and probably 2 years, that separate reason code is absolutely a ding even in addition the late just being on there itself.
FICO 8 has a different aging policy, and looks to be some score recovery on various negatives even at the six month mark based on my data anyway. I don't know if that's a different scorecard or what, but I got pretty concrete data playing with a second tax lien which got added to my file after I'd already paid it so it was easy to let it wait around a bit and then whack it later.
I'd be interested to see the reason codes from EX FICO 2, but depending on your file it's sometimes easier to score in a dirty scorecard like my TU FICO 4 is still north of 770 with a 60D late even with inquiries on there now and it's right in line with my clean EX FICO 2 if I don't have that absurdly pretty from a revolving utilization perspective. There is a CFA there but 99% sure a CFA isn't that big of a deal compared to a 60D late on any model, just I look really really pretty on TU in that derog scorecard and the ranges are pretty broad for some scorecards. 30D late sorts into the top 8 scorecards but we don't really have good data on min/max there, I do know my EQ FICO 5 and EX FICO 2 with 30D late were both lower than TU 60D by quite a bit for example.
EQ FICO 5 strongly rewards clean files in my experience, no way around that except getting pretty.
