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27, virgin, never seen the ocean...
Post your CC # and we will help build your credit.
Rofl no need to do anything. Credit pointless higher than 760
Credit score is broken into the following:
1. 35% - payment history (no lates)
2. 30% - utilization (keep balances <10%)
3. 15% - average length of history (takes time)
4. 10% - new credit (inquiries over 2 hurt)
5. 10% - credit mix (card, loan, mortgage)
Those are your levers. However, a score higher than you have will do nothing for you, unless you're trying to show everyone the biggest, blackest dick in the box.
What’s your average utilization across all the cards? If high, consider lowering numerator or increasing denominator. Also, successfully paying installment loans (mortgage, auto) is important...but not worth intentionally taking on unnecessary debt to get it.
You need a secured installment loan, auto, house, personal loan ect,
High being above 40% or so
It’ll go up with a longer credit history.
My credit score was around the same until I got mba student loans and started paying them on time. Then, oddly enough, it skyrocketed past 800. Your score is a combination of your current credit situation and proven history of using credit responsibly. I wouldn’t take on debt just for the sake of raising my credit score, but I also wouldn’t worry about it. I think your credit would be rated as ‘excellent’ with that score.
What are you trying to achieve by gaining a higher credit score?
Get a mortgage
Damn so much hate lol thank you for those helped, I thought a higher credit score would mean a better interest rate on a car or mortgage but thanks for clarifying it doesn’t mean anything
27, 8 inches. Any way to increase?
Buy a car! Best way to build your credit up!
Credit Karma - get an account. It provides suggestions.
Citibank credit cards allow you to request a credit limit increase every 6 months without a credit inquiry. After an income normalizing increase you should get about a grand every 6 months per card. That’s how I raised my limit to 20/card. Then requested others like USAA to match it. My util ratio is usually under 1% now.
Depends on the lender. In industry there are guidelines for 740+ or 750+. But I’ve also made judgement calls on those whereas I felt safer okaying points or rate exceptions on mortgages much higher than the threshold. Also note exceptions tend to go through if you’re an existing client with 1mil+ in a checking or savings act even if your score is 650 or lower...
^insurance rating and credit score are on different scales. 760 insurance rating is not top tier but 760 credit score is.
It actually does affect things like your insurance rates. 760 is not the cheapest bracket for insurance scoring. Can't speak to banking though.
In a similar position/circumstances, and my understanding is that the biggest bucket (length of credit history) obviously takes a long time to build. Also, stuck between a rock and a hard place because opening up new accounts (mortgage, car loan, student loan, etc) will improve mix of credit but lower your average length of credit so basically net 0 in the short term. Keep up good habits and it will increase over time