Hi, question... 3 years ago, I had a credit score of about 580 (college years, ugh, I won't go there). Today, my score is at a 643. I've been paying my bills ontime Every time for 3 years now, even with higher than min payment. Shouldn't my score be a lot higher after 3 years of perfect payments?

I only have one open credit card and a few loans including my mortgage and no other open or unused accounts. Have had collections in the past but all was paid for 3 years ago... Am I still not doing something right? Or what could I do to increase it more and faster ? :confused:

I think three years is not enough to wipe the problems you had. Also you don't have much in the way of new credit experience.

So do you think it would help if I got another credit card or get more loans say for just 4 or 500 and pay them off over some months??

Yes

Hmmm... OK thank you. Does being a co-borrower on my husbands loans and store credit cards help or would it be better to get my own?

They should help some, but if you want to raise your score, credit in your own name will help more.

Write a letter and ask the questions and tell them to remove errors... it is not unusual of those agencies that score credit to keep imformation that are out of date... increase income will also help with a credit score...

30% of your credit score is based upon how much debt you have.
Part is your debt to income ratio and part is how much available credit you have vs how much you've used. If you are using more than 50% of your credit limit you are adversely affecting your score. You have two choices, pay down your debt or get your limit increased (but do not add more debt.)
Check www.myfico.com for more information about credit scores.

Also be aware that if you open 4 or 5 new accounts in a relatively short period your credit score will go down. Each inquiry negatively impacts your score. One will bounce back quickly, but several will take awhile to recover from.

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Originally Posted by JuLee

Hi, question... 3 years ago, i had a credit score of about 580 (college years, ugh, i wont go there). Today, my score is at a 643. I've been paying my bills ontime EVERYTIME for 3 years now, even with higher than min payment. Shouldn't my score be alot higher after 3 years of perfect payments?

I only have one open credit card and a few loans including my mortgage and no other open or unused accounts. Have had collections in the past but all was paid for 3 years ago....Am I still not doing something right? Or what could I do to increase it more and faster ? :confused:

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You might want to take a look at the following web page: "50 ways to raise your fico credit score."

Good luck.

List of 50 - » 50 Ways To Raise Your FICO Credit Score

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Originally Posted by Gordon Lemming

You might want to take a look at the following web page: "50 ways to raise your fico credit score."

Good luck.

List of 50 - » 50 Ways To Raise Your FICO Credit Score

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Please note that way # 1 and way # 9 are in conflict with each other; opening the new accounts generates the inquiries that are to be avoided.

Any one thing you do may increase your score in one area and lower it in another. Thus no gain or possible setback.

Also re #7 paying off judgements helps some, but rarely gets it removed from a report. Yes it can happen but don't count on it.