score plateau

[Anonymous]

i was wondering if any of you have reached a plateau in your scoring yet. what do you do to shake things up. 

[CH-7-Mission-Accomplished]

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@Anonymous wrote:

i was wondering if any of you have reached a plateau in your scoring yet. what do you do to shake things up. 

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Hey I see you have an Alliant secured loan for $500 for 5 years.  What was the interest rate?  Is it  credit builder?  I didn't know you could stretch out a $500 loan for so long -- which is good.  What are your payments?

I may do this myself.  Most credit unions will only go one or two years.

Thanks!

[Barry]

What are the reason codes accompanying your scores?

[Anonymous]

YES! Sat at FICO 705 plus or minus 15 points for two years. It was very frustrating. Patience was not my virtual. Finally the scores started to move again and another two years saw me improve to FICO 814 today. Total time from BK to 800+ was twelve years.

[NRB525]

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@Anonymous wrote:

i was wondering if any of you have reached a plateau in your scoring yet. what do you do to shake things up. 

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With an AAoA of 6 months? Not much you can do except garden and continue to lighly use all the cards. You have no baddies to be removed, so now you are just working on the core FICO scoring requirement: String together many many months of perfect payments. It is as simple as that.

[Anonymous]

Thanks guys. You're right, slow and steady win the race, I must be patient.

Hi CH7 Rebuilding. Yes it is a loan to help beef up my credit profile, I didn't have any installments and really wanted that history to start establishing. My rate is 3.7 % so my payment is 9.68 a month. Not bad, I get all of the perks from installment without the debt or inquirys. It's basically feeding itself from the same account from both the secured loan and the savings. Basically it's on auto pilot for 5 years lol. The savings account is top not too, they just raise my rate to from .85 to .9%!!! Seriously. My pathetic BoA account sits at .01%. I so highly recommend them. 

[Anonymous]

Age of Accounts too New. Installments debt balance too high. 

[Barry]

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@Anonymous wrote:

Age of Accounts too New. Installments debt balance too high. 

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Those are amazing scores for an AAoA of only 6 months! Based on those reason codes I'll agree that just continuing to do what you're doing and letting time do it's thing is the way to go.

[joshall]

AAoA 6 months and you have scores like that?

Hmmm...Are you making >200k a year? Are your total credit limits > $40,000?