This stuff really works!

[Anonymous]

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@Junejer wrote:
I am still amazed at how insensitive your TU & EX reports are to anything. Those scores just don't ever seem to move.

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Tell me about it!!!  Sometimes I wonder why I even purchase those 2 scores!

High credit limits are great if you have a large revolving debt.  When I bought a car with a balance transfer check, my EX score stayed in the 830s, even though I had about $26,000 in credit card debt on just one card. 

[Junejer]

I'd lose 150 points if I tried that.

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psychic wrote:

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@Junejer wrote:
I am still amazed at how insensitive your TU & EX reports are to anything. Those scores just don't ever seem to move.

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Tell me about it!!!  Sometimes I wonder why I even purchase those 2 scores!

High credit limits are great if you have a large revolving debt.  When I bought a car with a balance transfer check, my EX score stayed in the 830s, even though I had about $26,000 in credit card debt on just one card. 

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[Anonymous]

7-8 years ago, in my eternal wisdom, I cancelled a lot of my old credit cards thinking that if I'm not using them, my score will only go up if I "cleaned up" a little.  In the same vein, I also called Discover and had them LOWER my CL from something around $8k to $2k.  I wonder what would have happened to my scores if I hadn't taken those young and foolish actions..

[Junejer]

I did the exact same thing mpsp. I canceled and closed cards. I declined CLIs. I was such an 1D10T back then. I wish that there was a myfico forum back then.

[Breakthecycle2]

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@Anonymous wrote:

Thanks.  It's kind of crazy though.  I mean in less than 5 months since I've started playing "The Game", my score has jumped up 25 points.  Nothing has really changed other than "The Game", no new cards, no new house, no new Heloc's, no new anything.  That's 5 points up every month!  I wonder if the next 25 pts will be much harder...hmmm.

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It's pretty sad the my TU score went up 140 points in 5 weeks and you still have 150 point lead on me...lol

[Anonymous]

Another update.  It has been about 2.5 years since my last update.  Scores, surprisingly, haven't moved all that much after the initial gain the first 15 months.  Now TU is at 738, and EQ is at 724.  Things that are supposedly hurting my score are, at best, bullsh*t.  To wit:

- I have 1 (one) inquiry from an Acura dealer from whom I bought a new car in Feb of 2010.  I'm not sure why he even ran an inquiry since I paid for car in cash, but both credit bureaus cite "seeking credit" as a negative.  Whatever.

- My account history is not long enough.  My oldest accound is almost 19 years old and my average age is 8 years.  Both figures are smack dab average for high scorers.  Whatever.

- A delinquency that happened to me, for $18 purchase, in mid-2005 (completely due to oversight b/c we had moved at that timeframe) is still apparently a negative.  My guess is in another 2 years this will become a moot point.

So those are the "negatives".  Positives include:

- Low credit usage:  1% credit to limit use

- "Recent credit card use":  I guess that means using more than one credit card.  Recently, I have actively started using 2

- Bills paid on time "recently":  Other than the $18 fiasco 5 years ago, I haven't missed a single payment, so I guess its beginning to be seen as a 'trend'.

I don't know frankly why the scores are not over 750 given the above.  IF that's the best analytics the credit bureaus can point to for making their case, and their scores, then consider me a little taken back.   Thoughts?

Edit:  To give more context on what could be holding the scores back, I'm completely at a loss.  All cars are paid off, I don't have a mortgage (sold house 2 years ago..now in a rent mode waiting for the right time to jump back in), all student loans have long been paid off, my total credit bill outstanding is less than $200 on a combined credit limit of about $75,000.  What gives?  Are the negatives really that much of a negative?