I just do not get it... on 6/1 I got an equifax fico score of 617, today on 9/1, it is the same.. At one point, it went up to 622, but now back down. I just dont get it as I am paying off more and more, have nothing bad that is new... why wouldnt my score go up.. I have paid off over $3500 of my total debt in those 3 mos! thanks
Allen, Join the club. My score has not changed one freaking point since June of this year. I am starting to thing the dag on thing is broken. Paid off $9K worth of debt...nothing. Accounts are being updated, but no score change. Dani
Dani.. it is a damn outrage! Its pissing me off..my experian score has gone from 606 to 649 this yr and i want equifax to go up since that seems to be the most popular one. anyway blah back to gmat studying.. test in 10 days
Allen, For what it's worth, there were two factors that made a big difference for us and they were not related to derogs. First was making sure that no individual revolving tradeline (no matter how small) showed over 50% utilization. If you have a Cap1, make sure the balance is less than half of what it SHOWS as your high credit, regardless of what your limit actually is. EQ, more than any of the other CRAs took the individual utilizations into account. Second was having no more than 5 revolving tradelines with any balance at all. We got a big bump when Sears went from $9 reporting to 0 reporting. (We have an automatic payment that comes out of that account, now we pay it before the statement comes out so the balance is always 0.) And with all that being said, each CRA has multiple score models. All I can speak to is the one we happened to fall into, but it did hold true for both of our reports. DemPooches
Sadly... I currently have 40 accts on my credit report. Almost 32 of them are closed or paid. The other 8 are high usage... Thanks, I will try to see what I can do.. thing that sucks is I am about to do a big BT to avoid paying 24.99% on my amex card anymore.
I have the opposite problem my scores are erratic my score was 675 at the beggining of the month, it then shot up to 720 mid-month now it has plummited to 659.
I first payed off about $4000 in credit card debt that brought my score up to 720. Then a few new accounts I opened last month started posting to my credit report, but they only carry about $1500 in balances. So I really cant see why my score is lower now then it was 1 month ago?
