I shouldn't have low scores

[iecus]

I just had a fresh copy of my report pull, i'm at

580 efx

637 tru

613 xpn

I have 4 home loans and none never late

2 HELCO since 3/06 still close to the limit 2 late payments

2 credit card that is paid off "not showing up yet" 2 late payments in 06

1 CC limit 1943 owe 1651

1 cc 1400 owe 1040

walmart cc 300 owe 9 never late

student loan 4K owe 1280 2 late payments back in 11/01 over 90 and 10/01 over 90

car 20K owe 16K

18 other loans, cc's etc never late 0 payment all close

I would think my credit should be alot higher than this

I called EDU they don't want to budge on the 01 removal, I can't seem to get anyone at capital one to talk to about removing the 2 late payments.

anything you guys think I can do to take this higher? as you can see I invest in houses and I need my credit to be around 660 for a deal i'm trying to do in the next coming months i'm hoping once the 2 cc's update I hope it takes the scores up around 20 pts.

[CleverCynic]

I think, unless you are looking to dispute something in particular, the resource you are using will give you a lot of information as to the factors that are adversely affecting your credit score.

Such as high balance to credit ratio's, possible overextension due to higher than norm mortgages etc... plus the recent nature of late payments is a big factor. For example, a very recent 30 day late may have a larger impact than a whole chargeoff 6 years ago. That's just the way it seems to be.

G'luck

[newbie7069]

The major thing seems to be your utilization. It should be below 30%, and that is per card not just overall. Also, I believe I read a post by Methuss somewhere that basically said that HELOCs read like 100% utilization all the time (You may want to do a search on that). The late payments should diminish at around the 2 yr mark. But for now, oyu need to focus on paying down the debt. You may also want to look at how many inquiries you have had in the past year.

[iecus]

if a HELCO is under 30K it is seen as a revolving acc. I wish I had known that before I did them.

[lyle7289]

The major thing seems to be your utilization. It should be below 30%, and that is per card not just overall. Also, I believe I read a post by Methuss somewhere that basically said that HELOCs read like 100% utilization all the time (You may want to do a search on that). The late payments should diminish at around the 2 yr mark. But for now, oyu need to focus on paying down the debt. You may also want to look at how many inquiries you have had in the past year.

I agree, Utilization is a big factor.

[malcolmkms]

I have to agree with the other guys here, from what I've read utilization accounts for 30% of your credit score. Some of the more seasoned people here can correct me if I'm wrong.

[kevin3344]

Two things I see:

1.) The first factor, even above utilization, are late payments. ANY late payments are a no-no, especially a 30 day late. That is the first sign that someone is having financial trouble and is a killer score wise. The older this is the better.

2.) Utilization on revolving acconts. Anything over 50% hurts your score, at 80% your score takes a dive by 80 points or more! Definitely bring your credit card balances down. The HELOC, not much you can do there, but just keep the payments up on it.

Bottom line is get as much room between your balances and your credit limit as possible.

[DucknCover]

I must agree with the other posters that utilization is a big ...HUGE factor! I have one card with a $3500 limit that is nearly maxed out and another with about 70% used and my scores took a dive for no other reason.

[timbercreektech]

All my FICO's are over 680 and I am highly utilized. Above 65% with a total of 32K. However, I do not have any late pays on my reports and all accounts are over 5 years old.