So I always wondered about my credit score. I only ever had one credit card that I wasn’t concerned about since it’s through a local credit union. Being from there, they don’t do late penalties unless you’re like 6 months behind which I NEVER was unfortunate enough to have. So what did I have to worry about? I should have a pretty damn good credit score right?
My wonderful score was a measly 655. How in the hell was it so low? What did I do? What did I miss? I paid my credit card off, I paid my bills if I had any. If I was ever late on anything I always called and made sure that it wouldn’t impact my score and was always assured it didn’t. So what went so horribly wrong to make me have such a shit score??
Well apparently I have 2 late payments out of 87. Now these stem from all the way back since my credit history was established. I have no idea where they came from. My only saving graces are that I have 18 lines of credit established due to school loans and I just recently raised my credit limit which made my utilization factor go down by 50%. So my biggest obstacles right now aren’t too bad. After studying up on what to do, I have paid down the remaining balance and left $1 on the card because whatever idiot I blindly believed about keeping half of the balance on the card deserves to be shot. That move cost me a small fortune in interest and docked valuable points off my credit score.
But it’s all good! I have a plan in motion and as of now my credit score is 675 and rising.