Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Scores
Profile Image

Question By
soldierone123

1 Contribution
0 People Helped
Not Improving credit?
I have had 2 credit cards for over 8 years, both around same time I got them. I've been on time with payments every month, I've lowered my debt ratio, and completely paid them off multiple times. (I leave some on the card so they don't close them). The only other debt I have is from the "mistake" I made with student loans, but those have all been on time too and I've been told those are not seen as "harsh" debt.

Yet my score is constantly hovering around 680. Why? If I spend anything on my card and leave it there my score will drop to around 600 until I pay it, then when I do it goes back up to 680. Even with all of it completely paid off, a car loan paid off and never late, and a "100 percent on time payment history" my dang score won't go any higher. The banks keep raising my credit limit without me even asking though.

I ask because we are trying to get a house and a higher credit score will help us out in the long run.

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
7816 Contributions
1501 People Helped

There is no need to leave balances on cards to avoid closure of the accounts. All you need to do is to use them every now and then. Don't pay interest when you don't have to. Start following your FICO scores somewhere to see what they are doing. Continue to read everything you can find on credit.

Reply by
soldierone123

1 Contribution
0 People Helped

If I don't leave it on the statement long enough then the credit companies don't note it as paid, it just notes it as good standing. I want the payment history to continue. I've also tried leaving them completely paid off for a statement and it made no change at all.

When looking at my FICO scores elsewhere it flucturates even more drastic. For example I just bought something big with a credit card, left it on there for 10 days and my FICO score dropped into the 500s..... I pay it off and its up to 640. I look at the reports and it is literally positive everything.

Is it because I don't have a major loan yet? Like say for a house or a more expensive car? (I paid off my car in 3 months instead of letting it ride out for 3 years)

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.