Score low and risk high apparently....

[Anonymous]

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@KeithW wrote:

I have since paid my aggregate util down to 31% and all of my cards are under 47% except for my wife's 2, which I am an authorized user on. They are at 80%. Not all have updated, but my scores are now around 685. 

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@KeithW , how old are the AU accounts and how old is your oldest account? I'd like to see if at this point they're hurting more than helping. Usage on cards is three times the factor in scoring that age is. Unless the AUs are hugely older than your accounts, I'd bet getting rid of them would gain you points. Scoring factors in usage across the board plus the highest usage on a single card, and since that highest usage is 80% x2, you may well benefit from losing them.

[Anonymous]

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@Anonymous wrote:

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@KeithW wrote:

I have since paid my aggregate util down to 31% and all of my cards are under 47% except for my wife's 2, which I am an authorized user on. They are at 80%. Not all have updated, but my scores are now around 685. 

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@KeithW , how old are the AU accounts and how old is your oldest account? I'd like to see if at this point they're hurting more than helping. Usage on cards is three times the factor in scoring that age is. Unless the AUs are hugely older than your accounts, I'd bet getting rid of them would gain you points. Scoring factors in usage across the board plus the highest usage on a single card, and since that highest usage is 80% x2, you may well benefit from losing them.

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@KeithW You know, @Anonymous makes an excellent point, if the AUs aren't old and if you need your scores higher before you can pay DW's down, getting those 80s off should give a boost on mortgage scores and on Version 8 & 9 assuming they're counting there. 

They are your highest utilization cards and next priority, as they are your largest penalty atm, I believe. Either paydown or remove from your CR indeed, imho.

[Anonymous]

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@KeithW wrote:

As you can see below, there is quite a bit of green, but my score is 640. They say my risk of getting into "serious trouble is 25%. I recently applied for Affirm  0% financing to buy a $1,000 product and was denied.

Obviously I am a high risk borrower, but it seems like from all the Above Average ratings and calculating the percentage impact, that I should be at least average.

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@KeithW Your AoYRA was 7 months in Feb, right? On July 1st, you should have experienced scorecard reassignment and gained 10-15 points for having no revolvers under 12 months of age. So, part of your gains also came from there. You are now in a less risky scorecard, the top card, C1, I believe. 

Question: what month was the 30 day late in 2018? At 2 years it will give back points also, as its no konger considered recent. 

With your scorecard reassignment points, 2 year anniversary points from 30 day late, and reductions in utilization, you are or will be in a much better position. Drop those two 80s and you might just be in range for the PL.