ST Alpha - "amanda, I'm in the same boat: I pay on time always, I don't carry much debt. I'm not sure what I actually can do to increase my score." (Reading a Post)

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amanda, I'm in the same boat: I pay on time always, I don't carry much debt. I'm not sure what I actually can do to increase my score.

Posted by ty97 Oct 27 '11, 11:54

I'd like to do it (whatever it is) but can't figure out what action to take.

Responses:

http://www.myfico.com/crediteducation/improve yourscore.aspx -- (link) - mara Oct 27, 12:06
for the life of me I can't figure out how mine is so terrible. one medical charge + one indentity theft charge ( now disputed) - Epiphany Oct 27, 12:00 10
- I understand closing credit lines can ding your report - 2 Geisty for my Zeit Oct 27, 12:30 1
  - NPR report interview said the really only thing you can do to improve credit score was to pay off consumer debt and keep using/paying it - 2 Geisty for my Zeit Oct 27, 12:34
- I would guess you dont have enough open lines. What does the grade say for you on that. Heck they say mine at an average of 6 years old need to get - Capstern Oct 27, 12:04 7
  - how is it possible ... - zork Oct 27, 12:09 1
    - I went to my bank (WF) and applied for a modifed hardship repayment plan. - Capstern Oct 27, 12:12
  - I have no idea what the grade says for that. it would make sense since we closed every damn thing we had - Epiphany Oct 27, 12:06 4
    - Did you keep the oldest ones? -- nm - mara Oct 27, 12:12
    - that's gonna hurt you. -- nm - loosilu Oct 27, 12:11 1
      - I guess it did - we don't have to buy anything substantial ( knock on wood) for another couple of years - Epiphany Oct 27, 12:13
    - Yeah not enough does hurt you too. I know 12 months of ontime (mortgage) will raise me 25 pts or so - Capstern Oct 27, 12:09
take on more debt, and pay it -- nm - Bloger Blore Oct 27, 11:59
Yep, same here. I have some modest debt, but I don't need more so I never got it. - Will Hunting Oct 27, 11:56
serious question - at that level, does it matter? -- nm - loosilu Oct 27, 11:54 6
- not really. -- nm - decline Oct 27, 11:56 5
  - aren't I likely to get better mortgage rates at 800 than I am at 752? I mean, I would like to pay less. -- nm - amanda romney Oct 27, 12:02 4
    - probably only big corporations and some countries would get a better rate than you. - zork Oct 27, 12:06
    - I thought anything over 750 would result in the best rates available with just about any lending institution (of course I could be wrong) -- nm - decline Oct 27, 12:04
    - better than 3%? - poxie Oct 27, 12:04
    - I recall my mortgage broker saying "Anything above X number will qualify you for the best rates" - ty97 Oct 27, 12:04

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amanda, I'm in the same boat: I pay on time always, I don't carry much debt. I'm not sure what I actually can do to increase my score.

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