Just curios to know, how much are a few 5 year old baddies paid or unpaid affecting my scores. Using the score estimator and pretty much grasping every fact on my equifax credit report and estimating my new util% that will report next month it says my scores should be 672-712. Now that seems pretty reasonable because it gave me my score rangefor my current score, and I put the exact stuff on my credit report now in the estimator. My current score is 552 and it says that my scores should be 545-585. So are the 5 year old baddies really having any affect on my scores, they are due to fall of in 2012, they went bad in 05, all of them(bad year).
Thanks,
I know that over 700 is a long shot, but I am not looking to get there anytime soon, I am not planning to buy a house until 2015, and by then all of my derogs will have fallen off and any automobiles that i have purchased should be paid off. I am only trying to get my eq scores from what they are now to 655-670, so that my interest rates on the auto that I am trying to purchase won't be 18%. The CU said, with a 650 I could get atleast 9.5% which isn't good but, it isn't 18% either. I realize you need to practice controlling spending and managing your finances and credit, and , I think I have been doing ok for the last 3 years. But, I also realize that good credit scores are only needed when making big purchases that can not be covered with cash, or obtaining employment that requires credit checks. Last year around this time I got a 103 pt jump just by paying my util% down from 97 or 107 to 3% and nothing else has changed on my report since then but my cc util going back up over 100%. But next month it should report 1-3% for the total amount. I wondering if I could see the same jump or better this year?
Thansk for the reply RobertEG, you give helpful advice, that sort of makes you think
