Hi Ken, thanks for this Iama. I have been getting serious about building and fixing credit and your app has been instrumental in the progress I've made so far. Without getting too in depth in my situation I am hoping you can give me some input as I've not found much anywhere else.
I've raised my score from 570 to 640 since July. I have one collection account (cc) and three missed payments on another account (cc) from 18 months ago. While paying my balances down on my 2 three year old secured cards to under 2% and opening 9 new lines of credit (total 11 cc, 1 car payment, and 18k in student loans) helped boost me quickly to ~630, it seems like it's stagnated the last 3 months or so. Are those deliquent accounts going to keep me in the barely credit worthy range until they are taken off in 7 years? Are there "benchmarks" that lessen the impact like 2 years since, 3 years, etc?
Trustworthy_Investor1 karma
Hi Ken, thanks for this Iama. I have been getting serious about building and fixing credit and your app has been instrumental in the progress I've made so far. Without getting too in depth in my situation I am hoping you can give me some input as I've not found much anywhere else.
I've raised my score from 570 to 640 since July. I have one collection account (cc) and three missed payments on another account (cc) from 18 months ago. While paying my balances down on my 2 three year old secured cards to under 2% and opening 9 new lines of credit (total 11 cc, 1 car payment, and 18k in student loans) helped boost me quickly to ~630, it seems like it's stagnated the last 3 months or so. Are those deliquent accounts going to keep me in the barely credit worthy range until they are taken off in 7 years? Are there "benchmarks" that lessen the impact like 2 years since, 3 years, etc?
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