@Anonymous wrote:
@Anonymous wrote:
Hey 0P, the negative reason code you are receiving are the things that are holding you back the most. That doesn’t mean there are other things holding you back.
If you would like an in-depth review and analysis, if you’ll provide your profile statistics so we can determine your scorecard and do a review, we may be able to provide you some additional advice to help you. That’s your choice. But the opportunity is there.
Sure, I'll do my best.
- Any baddies? No, clean.
- Number of accounts open and closed on CRs? 5 Open (Credit Cards), 15 Closed (6 Credit Cards, 6 Student Loans, 3 Auto Loans)
- AAoA? 4 years, 3 months
- AoYR-Age of Youngest Revolver? 6 months
- Open/closed loan on CR? 9 Closed Loans
1% Revolving Utilization.
OK so
1. you're not going to get the super high scores until your AAoA gets older... yet another reason not to apply for any new credit
2. when your youngest account > 12 months you'll pick up some points, also you'll pick up points for having no more scorable inquiries
3. maintain your revolvers so all but one posts a zero balance, that helps your mortgage scores too
@Anonymous wrote:Thanks everyone for the responses and feedback! Sorry for the delay, I was unconcious (asleep) and then celebrated my mother's birthday today. I will try to respond to any responses directed towards me within this post.
@donkort Yeah, my plan is to apply for a SSL + wait a few years and hopefully my FICO Score will increase over time. Would you happen to have any links or knowledge on which mortgage brokers or mortgage lenders offer the best rates? I have virtually no experience in this area and in the future, I'll be tackling this issue head on so it never hurts to be prepared. It's also cool to have the foresight to care about your FICO Score before actually needing/utilizing it.
It is eye candy and I bet eye candy does affect underwriters and loan officers to make an approval a couple seconds earlier in some cases.
Not that it matters, but who doesn't love a little eye candy.
When you mention that your credit file lists "too young" as a negative reason, do you think it's referring to your Age of Oldest Account (AoOA) is "too young" rather than your AAoA?
@HeavenOhio I understand income has nothing to do with scoring, but I was thinking if someone was heavily in debt, chances are they also don't have a FICO Score of 850. I know there are some nuances to this, but when I think of a perfect FICO Score of 850, I don't really think of individuals that are barely surviving day-to-day. I just think of a mature individual whom has a mix of credit & loans for a very long time with a perfect payment history and enough income to keep utilizations very low. Although I 100% agree income plays a role in getting credit approval, I just think being heavily in debt would be tough to actually obtain a score of 850. Because to have 850, I would think you'd also use the AZEO method and your loans & the one credit card would be paid down to 8.9% or lower. And if their utilization went above 9% in either loans or credit cards, I'd think their FICO Score of 850 would drop due to the increased Utilization %. And if their 850 drops, then the whole discussion is invalid.
@Gladius Now you got me curious, what is this "diamond status" that thou speaketh of? Any links? hehe.
@angelwingz Although 760+ is just fine, it's probably best to have a little breathing room and buffer just in case unexpected life events occur that may affect your score negatively. I'd be more nervous having 760 than 800 just in case I forget to do AZEO one month and then I get the smack down right before I got my mortgage because of timing and the wife wants the house NOW at that very second and if we wait, we might lose a great deal on the house we love or someone else might buy it first.
Don't get an SSL, it will hurt not help your mortgage scores.
For some reason, it's removing posts that I spent so much time writing... so, if you already read the stuff I'm about to post, please ignore. Maybe it doesn't like that my posts are too long when trying to reply to multiple people? This is the first time I've ever seen a forum issue like this.
@Curious_George2 Thank you for your encouragement! One thing nice about being debt free is that it makes life more enjoyable and less stressful. It's easier to sleep at night knowing that I'm not a slave to the lender. I got strange bucket lists... debt free (check!)... 800+ FICO Score (to do)... 
