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spent the last 4 years rebuilding my credit from <500 and almost 50 negative items being reported.
i paid many of those accounts back and wrote letters to them to get the item removed, checked my reports every month, some places would not remove the item so i disputed those and got them removed, i used lexington law at first and after they cycled through i handled the remaining ones myself,
for positive items, i got a secured card, then a used car financed at the lot but they reported to agencies, traded that ride in on a more expensive car with a better finance rate with an accredited bank but still high %,
bank switched card to unsecured, and continue to increase the limit.
it's a lot more detailed than this but my score is now 725ish and i have zero neg hits. my fcr.com value is 755ish
it's still not off the charts but after 750ish it gets quite ridiculous to get the score higher, ask around and see if anyone you know is 790-800.
my experience in building my score reflects the intelligent comments posted in this thread except that i have found my # changes a bit more positively when do in fact pay my card down entirely- it increases the total amount of credit the systems determines i have available at that moment. but i run the card up to $6-9K every month and pay it down to zero, like a poster earlier suggested, i've tied all my auto bill pays into that card and then i check it every month when i pay it.
i've turned my credit into a hobby, i enjoy taking care of it and looking at the reports and stroking it and petting it!!!!!1:-)
and yes, after achieving serious equity in property the need to have the ability to acquire debt is lessened.
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