Jump to content

seanmntz

Credit score hasn't changed over 6 months

Recommended Posts

Hi all, I'm after some advice. I'm 20yo and I've got 1x credit card with a $6000 limit which I got about 6 months ago purely to build my credit.

I have never had a late payment and have always paid each bill in full. However since getting my credit card it has only gone from 560 to 563..

Am I doing something wrong? I see so many people who's score jumps in huge amounts after zero change. Please advise where I am going wrong, what I can do about this and where I can find relevant information?

 

My utilization has always been under 30% except for one bill which I exceeded 30% by a 71 cents. All bills have always been paid before the due date.

 

Share this post


Link to post
Share on other sites

There's no way your FICO scores could be that low without negatives information on your reports.

Share this post


Link to post
Share on other sites
1 hour ago, tiggerlgh said:

Where are you getting you credit skore from?

This^^^

 

Share this post


Link to post
Share on other sites

If the balance remains consistent month over month, then it stands to reason, even with FAKO's, that you won't see much movement in score.  A bevy of static data does not give the models much to work with.

 

That being said...as others duly note, there is something else on the reports BEYOND this one active and open account in order for the scores (or skores) to be tanked at that level...

Share this post


Link to post
Share on other sites

Where are you getting your scores, what else is on your report, AND how old is your accounts?

 

Everyone asked all the right questions. 

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

About Us

Since 2003, creditboards.com has helped thousands of people repair their credit, force abusive collection agents to follow the law, ensure proper reporting by credit reporting agencies, and provided financial education to help avoid the pitfalls that can lead to negative tradelines.
×

Important Information

Guidelines