Hi, my credit score seems to have peaked in the mid 700s for the last few years. How can I increase this?

Answer 1

I agree with what jorgstyle and elenanita said.

It's a bit hard to tell you how you can improve your scores since you didn't mention if you had any negatives, what your utilization is, how many good tradelines you have etc., etc.

Keep your utilization down. Have a good mix of loans, major cards, store cards.

Don't close any credit cards. As a wise man once said "Available credit is not debt"
If you close any cards, you will probably move out of the 700's - right into the 600's.

Look over your reports and see what you can improve on.

If you need to expand your credit base, you will take a bit of a hit for about 6 months. But your scores should start to climb after that.

Work on any negatives you may have. If you have any late payments, try a goodwill letter to the creditors asking them to remove them.

Answer 2

Depending on your age, the mid 700's is excellent. Keep doing what you are doing. Your credit score also consists of seasoned account. The "perfect" credit combination is a house, card, credit card, with perfect payment history. I process loans and see that the people who have had credit for 20-30 years have the credit scores higher than the mid 700's. Just give it some time.

Answer 3

You don't really need to increase it from the mid 700's. The major factors in good credit are:
1. length of time since credit established and
2. percentage owed on revolving accounts
Sometimes to get your score higher than 750 all you can do is wait. Keep any revolving accounts (credit cards, equity lines, lines of credit) below 40%.
Make sure there is nothing erroneous on your credit and don't close credit accounts, just stop using them.

Does this help?

Answer 4

Review your report for any errors and have them corrected. Limit new credit inquiries. Close out any accounts that are still opened but not used. Other than that you will need to wait until any late payments or other problems just disappear on their own. I've seen it take anywhere from 2 to 7 years depending on the type of problem noted on the report.

Answer 5

Credit Score
http://www.debt-loan-refinance-mortgage-credit.com/category/Credit-Score-Myths-Explained.html

Answer 6

first....check the credit reporting sources to see if you have any credit cards that you thought were either cancelled or inactive..if so, cancel them....the more credit cards you carry....the lower the potential rating...the thinking is that you have a greater opportunity to incur debt .....cancel all but the cards that you feel are absolutely necessary....

Pay off any short term debt
Pay bills on time
If you have an ARM....see about transferring to a fixed rate..if your rate is not too far below that of a fixed....
ARMS payment schedules can vary widely over time...

Increase your savings....a bigger balance is a good hedge against an emergency

Answer 7

read tips and articles on credit scores and much more on this site

Answer 8

YOu would have to have your credit in front of you to be able to analyze it and see wha tyou can change.

Answer 9

just leave it alone, you have nothing to gain in raising it any higher