Hey Team,
I know it is impossible to predict the exact score without knowing alot of factors.
I have 37 accounts on my file.
17 are still active (average age is 6 years old. Oldest 1998, Newest less than a month)
About 125K of credit available but I am carring about 8K in debt spread out among 6 cards.
No BK or CO
I have one 30 day late that won't "clear" until next year.
During the credit crunch (2008-2009), I did have certain companies out right close my account but was never late and paid them.
My queries on average are 8 in the last year on all 3 CRA.
My DTI is about is about 20% per month.
With all this said, my Fico score barely breaks 720. Does anybody think I can reach 740 or above? Or do I have to wait until next year?
Fee
@FeeBear wrote:Hey Team,
I know it is impossible to predict the exact score without knowing alot of factors.
I have 37 accounts on my file.
17 are still active (average age is 6 years old. Oldest 1998, Newest less than a month)
About 125K of credit available but I am carring about 8K in debt spread out among 6 cards.
No BK or CO
I have one 30 day late that won't "clear" until next year.
During the credit crunch (2008-2009), I did have certain companies out right close my account but was never late and paid them.
My queries on average are 8 in the last year on all 3 CRA.
My DTI is about is about 20% per month.
With all this said, my Fico score barely breaks 720. Does anybody think I can reach 740 or above? Or do I have to wait until next year?
Fee
FICO 8? Yes, probably easily if you pretty up your revolving balances, depending what your installment history looks like and what not and let your inquiries fade: that's a bunch score wise if they weren't mortgage / auto related.
My EX FICO 8 is a 739 right now, my AAOA is 2 years (about to tick over 3) and that's with a tax lien, 30/60 late, and a paid collection from 2010. Also a single scorable inquiry on the report... least for the next few hours 
.
@Revelate wrote:
@FeeBear wrote:Hey Team,
I know it is impossible to predict the exact score without knowing alot of factors.
I have 37 accounts on my file.
17 are still active (average age is 6 years old. Oldest 1998, Newest less than a month)
About 125K of credit available but I am carring about 8K in debt spread out among 6 cards.
No BK or CO
I have one 30 day late that won't "clear" until next year.
During the credit crunch (2008-2009), I did have certain companies out right close my account but was never late and paid them.
My queries on average are 8 in the last year on all 3 CRA.
My DTI is about is about 20% per month.
With all this said, my Fico score barely breaks 720. Does anybody think I can reach 740 or above? Or do I have to wait until next year?
Fee
FICO 8? Yes, probably easily if you pretty up your revolving balances, depending what your installment history looks like and what not and let your inquiries fade: that's a bunch score wise if they weren't mortgage / auto related.
My EX FICO 8 is a 739 right now, my AAOA is 2 years (about to tick over 3) and that's with a tax lien, 30/60 late, and a paid collection from 2010. Also a single scorable inquiry on the report... least for the next few hours
Thanks Rev gives me hope!
@JagerBombs89 wrote:I dropped from a 829 to a 705 with a single 30 day late reporting... No telling what the max score with it is though.
One hundred and twenty four points? Wow!
@JagerBombs89 wrote:
@FeeBear wrote:
@JagerBombs89 wrote:I dropped from a 829 to a 705 with a single 30 day late reporting... No telling what the max score with it is though.
One hundred and twenty four points? Wow!
Here are the exact numbers:
FICO Scores as of 12/2014 - Absolutely no derogatories:
EQ04 - 790 / / EX08 - 814 / / TU08 - 829
FICO Scores as of 01/2015 - 30 Days Late Reporting:
EQ04 - 697 / / EX08 - 702 / / TU08 - 705
See my signature for additional data points.
Dude, I remember reading your post. My heart goes out to you, what she did to u is criminal.
fee
Get your utilization in order and you can get there on FICO 8. Your mortgage scores will never get there, but you can get there on FICO 8.
Collections and public records may have similar scoring effects. I have no lates, so I can't say on those.
WIth 3 federal tax liens showing as unpaid (they have been paid and released, but not updated on my credit reports). Other than the federal tax liens, my file is pretty, no other derogatories, 3 cards, 1 car, 2 mortgages on 2 properties (1 each) and utilization optimized 3% overall with 7% on one card, AAoA 8 years, Oldest Account 18 years
@Anonymous wrote:Get your utilization in order and you can get there on FICO 8. Your mortgage scores will never get there, but you can get there on FICO 8.
Collections and public records may have similar scoring effects. I have no lates, so I can't say on those.
WIth 3 federal tax liens showing as unpaid (they have been paid and released, but not updated on my credit reports). Other than the federal tax liens, my file is pretty, no other derogatories, 3 cards, 1 car, 2 mortgages on 2 properties (1 each) and utilization optimized 3% overall with 7% on one card, AAoA 8 years, Oldest Account 18 years
Thanks Inverse