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Originally Posted by V_RocKs
Hehehe.. In November my Fico score was about 540. I had debts I never paid off since I got divorced back in 1993. I looked over my old debts and decided to pay off the non revolving debts. Things like an out standing gas bill (old renting partner had it reinstated in my name and then left me the bill. It was only $210 so I just paid it off to be done with it), an outstanding hospital bill of $620, etc. etc... Basically leaving the CC's and paying EVERYTHING else.
Fico score went up to 715 in January. Then I went back and checked my credit report and found that the hospital didn't remove my shit so I talked to them and they did. In Feb it was 728. Then in March I paid in full the debts on 3 cards. My score went DOWN to 645. I was like, WHAT THE FUCK! Aksed a guy who does lones for a living and lives and breathes this shit (for determining interest rates and risk of loans) and he basically said that when you repay back a fucked up situation that has been formant for so long (last report was a chargeoff in 1996) you basically make it a newly talked about bad debt. After 2 years I will be back above 700 if I Don't payoff the other 2 cards....!
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the optimum is to have 2 cc cards with high credit limits and PAY THEM ON TIME.
one of the credit cards should be NO MORE than half the limit the other at a 1/3 of the limit -
getting shit removed is the way to go - going to the company or collection agency and requesting it be taken off is the way to go. be nice and kiss some ass, this helps but be persistant because no matter what they say trivial shit under a few grand can be taken off but the heavy stuff like bankrupcy cant.
my rating more than a year ago was 790 - and i aint even close to being a rich guy - just kept asking for more limits on my Credit card evey yr