nearing 700

[rugthug57]

my transunion score is 682 it steadily increases every month will I reach the 700 mark or is this a tough hurdle low btl, paid in full every month

[CreditBob]

If you have credit cards leave a small balance such as $ 5-10 on each card instead of paying it off in full. By doing so you will get an increase in your fico score. How much will determine on all factors on your credit report. Only leave the balance right before the creditor reports it for the month. Then of course for the rest of the month pay off all credit cards in full.

[haulingthescoreup]

Please don't do this! Do NOT leave a balance on every card. Leave a balance on only one card; the others should report $0. (Pay online before the statement drops, or before the last business day of the month for HSBC/Orchard bank cards and USBank cards.)

Having a balance show on every card dings most of us for "too many accounts with balances."

OP, what negatives do you have on your TU report, and when did they occur? Did you open any accounts within the last year.


edit to add: If you haven't already, please read Understanding Your FICO ® Score and Credit Scoring 101 (at least the first post.)

These will give you the background knowledge you need to understand what you read here on the forums.

Message Edited by haulingthescoreup on 06-03-2009 05:30 AM