StevenESilverthorn
Guest

0 Magic Points
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Posted: Wed Oct 12, 2011 6:40 pm Post subject: improving my FICO score (719) |
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Hi, Carol.
The following are key factors in my credit report from Experian that adversely contributed to my FICO score:
1. Too few accounts currently paid as agreed (I don't understand this because I always pay off the entire montly balance on my credit cards. Although I have 3 credit cards, I use one of them 90% of the time).
2. Proportion of revolving balances to revolving credit limits is too high (Again, I always pay the entire monthly balance due, rather than paying the minimum balance)
3. Lack of recent installment loan information (I have had no installment loans for 13 years).
4. Too many inquiries last 12 months (I get new credit cards when they offer free airline mileage - and then I cancel the card after I receive the free miles. Since I now have 300,000 free airline miles, I will no longer apply for any more credit cards.
Can you give me some advice on how to improve my FICO score? Can I contact them directly?
Thank you. |
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