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How to improve my score


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17 replies to this topic

#1 Beach32

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Posted 20 February 2012 - 09:28 PM

My current credit score is around a 715, and has been stuck there for about 6 months give or take a few points. I can't seem to get it any higher. Therefore, I still got turned down on a Chase Freedom (Their excuse was that I already had too many accounts with them. I only have a Disney Card, plus a checking account). Also Amex turned me down as well.

I'm a 20 year old college student, and my only debt is a $1000 federal school loan. I currently have 6 credit cards open, all have been paid on time their entire history, in full.

I also have an apartment in my name that I got approved for, and my electric. All on time.
The only negative on my credit report I got taken off three months ago (Medical Bill Issue).



Any advice? Is my age a limiting factor on allowing it to up? Would it be wise to open a Discover Card?



#2 CB Owners

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Posted 20 February 2012 - 09:30 PM

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#3 Beach32

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Posted 20 February 2012 - 09:46 PM

I forgot to mention I do have a closed citi account, because they stopped the fuel reward program and didn't offer to keep it open



Welcome to CreditBoards! We hope that you find what you're looking for here.

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#4 Repairerer

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Posted 20 February 2012 - 09:53 PM

Probably low average age of accounts. Possibly also already high total revolving limits in relation to income.

What was the reason Amex gave you for denial?

In general, you're doing awesome. Garden your accounts for a while.

#5 markca

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Posted 20 February 2012 - 10:05 PM

Are all of your cards reporting a $0 balance on your reports?

Edited by markca, 20 February 2012 - 10:05 PM.


#6 Beach32

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Posted 20 February 2012 - 10:08 PM

Are all of your cards reporting a $0 balance on your reports?


Two show a balance. One is $300 on a $2500 limit, and the other is 150 on a $3000. My useage is 6%

Also when I put in my income, I say $60,000 since that is our household income.

The Amex excuse I believe was lack of history. I just want something good for fuel rewards

#7 by2

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Posted 20 February 2012 - 10:26 PM


Are all of your cards reporting a $0 balance on your reports?


Two show a balance. One is $300 on a $2500 limit, and the other is 150 on a $3000. My useage is 6%

Also when I put in my income, I say $60,000 since that is our household income.

The Amex excuse I believe was lack of history. I just want something good for fuel rewards


My experience is that those companies generally want a credit score of 760 and above to qualify. I would just garden for a while and get some more time under your history!! Good luck you are doing well.

#8 Beach32

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Posted 20 February 2012 - 10:30 PM



Are all of your cards reporting a $0 balance on your reports?


Two show a balance. One is $300 on a $2500 limit, and the other is 150 on a $3000. My useage is 6%

Also when I put in my income, I say $60,000 since that is our household income.

The Amex excuse I believe was lack of history. I just want something good for fuel rewards


My experience is that those companies generally want a credit score of 760 and above to qualify. I would just garden for a while and get some more time under your history!! Good luck you are doing well.


All right. Would you suggest a Discover for the rewards? They send me offers in the mail.

I'm just eager. I love to have perfect everything. My mom has over an 800 so I hope to get up there soon! I also was looking into buying a small house but decided I'd rather keep my savings since I wasn't sure if I'd continue to live here

#9 Napoleon23

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Posted 20 February 2012 - 10:34 PM




Are all of your cards reporting a $0 balance on your reports?


Two show a balance. One is $300 on a $2500 limit, and the other is 150 on a $3000. My useage is 6%

Also when I put in my income, I say $60,000 since that is our household income.

The Amex excuse I believe was lack of history. I just want something good for fuel rewards


My experience is that those companies generally want a credit score of 760 and above to qualify. I would just garden for a while and get some more time under your history!! Good luck you are doing well.


All right. Would you suggest a Discover for the rewards? They send me offers in the mail.

I'm just eager. I love to have perfect everything. My mom has over an 800 so I hope to get up there soon! I also was looking into buying a small house but decided I'd rather keep my savings since I wasn't sure if I'd continue to live here


Ask you Mom to add you as an authorized user on some of her oldest credit cards.. they will show up on your report, and increase your AAoA

#10 Beach32

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Posted 20 February 2012 - 10:37 PM





Are all of your cards reporting a $0 balance on your reports?


Two show a balance. One is $300 on a $2500 limit, and the other is 150 on a $3000. My useage is 6%

Also when I put in my income, I say $60,000 since that is our household income.

The Amex excuse I believe was lack of history. I just want something good for fuel rewards


My experience is that those companies generally want a credit score of 760 and above to qualify. I would just garden for a while and get some more time under your history!! Good luck you are doing well.


All right. Would you suggest a Discover for the rewards? They send me offers in the mail.

I'm just eager. I love to have perfect everything. My mom has over an 800 so I hope to get up there soon! I also was looking into buying a small house but decided I'd rather keep my savings since I wasn't sure if I'd continue to live here


Ask you Mom to add you as an authorized user on some of her oldest credit cards.. they will show up on your report, and increase your AAoA



I'm not sure if she will do that? I am on one of her cards. Which ones for sure report? I'll see if she has any. Right now her primary ones are Disney (since 2002), Chase Freedom(Just opened) Kohls (since 96) JC Penny for a long while

#11 Napoleon23

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Posted 20 February 2012 - 10:42 PM

You can call and ask if they report authorized users, ideally youd get on Kohls or JC Penny

#12 Beach32

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Posted 20 February 2012 - 10:54 PM

You can call and ask if they report authorized users, ideally youd get on Kohls or JC Penny



I'll try that. I'm still not sure if she would go for it. She thinks I already have too many cards, and how much I obsess over it all is silly and to just let it all come.

#13 Link2k

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Posted 20 February 2012 - 10:57 PM

whats your AAoA?

How old is your oldest account?

Definitely already 2 steps ahead with that score.

#14 Beach32

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Posted 20 February 2012 - 11:17 PM

whats your AAoA?

How old is your oldest account?

Definitely already 2 steps ahead with that score.



My average age is One year and two months
My oldest is Dec 2009.

So my 715 is pretty good?

#15 eazy_money

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Posted 21 February 2012 - 12:52 AM

[/quote]



So my 715 is pretty good?
[/quote]

Posted Image

#16 Beach32

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Posted 21 February 2012 - 12:58 PM

I can't see your reply

#17 eazy_money

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Posted 21 February 2012 - 01:12 PM

I can't see your reply


to bad it won't show it was funny.

#18 Beach32

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Posted 21 February 2012 - 10:23 PM

Just an update. I applied for the Discover More and got approved for a $1000 limit. I called and she asked if that was enough, and I didin't have the guts or any good reason to ask for a bigger limit




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