I just pulled credit scores from myfico.com from all 3 bureaus: Equifax = 675 TransUnion = 687 Experian = 723 Most of my problems rely on teh fact that I have have a 1 year and 6 month credit history -- i moved here from canada a short time ago. Other problem is that I recently (2 months ago) opened 2 more credit cards. So some of the negative factors MyFico.com is citing, is due to the fact that "The length of time your revolving/charge accounts have been established is too short". Looks like i shot myself in the foot a bit by applying for these most recent 2 cards, when I really thought I was helping the situation. Situation I plan on buying a home/condo within 4 months. I want to get highest scores so I can get better rates on mortgage. What I've already done: 1. I've contact all my utility companies (Power, Water and Telephone) to give me credit letters stating that I pay my accounts on time and they are paid in full. I was told this was good to do as mortgage lenders will factor in these details as "alternative forms of credit". 2. I will be able to print out a long history of paychecks over last 1 yr + 6 months (my entire time in USA) showing consistent source of income. 3. I will be able to print out bank records and balances of investment accounts that show 401k of approx $19k. 4. I've paid down all my credit card balances as of last week. I have $9800 in total avail credit, and now it sits at about $200 owing rather than $4000 owing. What else can I do except play the waiting game? If I just sit on my current avail credit and don't rack up charges on it, will my score significantly increase within 3 months? Any other tips?
You'll get hounded with that "account history too short" even when it's 5-10 years old (my Crap1 is 7+ years old...still get slapped with that reason).
