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Started By
Message
Credit score frickery.
Posted on 8/27/25 at 10:51 am
Posted on 8/27/25 at 10:51 am
Backstory.
Back in 2020 my credit score was 810. Paid off our mortgage and my truck within a month of each other. My credit score dropped to low 700’s and have gone between high 600’s and low 700’s since then. All of my bills are paid on time due to autopay out of a checking account.
My income has basically quadrupled in the last two years and no improvement in my scores. Just checked my history, it jumped +35 points last November, then dropped -25 in December. WTF?
I’m making more money than I ever have and have less bills than ever, yet my credit score refuses to improve.
Back in 2020 my credit score was 810. Paid off our mortgage and my truck within a month of each other. My credit score dropped to low 700’s and have gone between high 600’s and low 700’s since then. All of my bills are paid on time due to autopay out of a checking account.
My income has basically quadrupled in the last two years and no improvement in my scores. Just checked my history, it jumped +35 points last November, then dropped -25 in December. WTF?
I’m making more money than I ever have and have less bills than ever, yet my credit score refuses to improve.
This post was edited on 8/27/25 at 12:09 pm
20
Posted on 8/27/25 at 10:53 am to bhtigerfan
Credit history is likely too low.
Probably doesn't matter if you have high liquidity.
Request raised limits on credit cards just for the hell of it.
Make sure your timing on payments is before the statement balance date.
Probably doesn't matter if you have high liquidity.
Request raised limits on credit cards just for the hell of it.
Make sure your timing on payments is before the statement balance date.
Posted on 8/27/25 at 11:25 am to bhtigerfan
Credit has zero to do with income. Income is not reported to the agencies. Instead its a score for 2 things lenders care about. 1) The likelihood you'll borrow money and 2) The likelihood you'll pay back what's borrowed.
You've proven you're not a good mark because you "underutilize debt" ie paying off your mortgage. If you actually care to make it higher (not sure I would), your best bet is to open some revolving credit and utilize it. Also, never close an old line of credit (old CC, HELOC, etc.) as average age of credit can drastically effect the score.
You've proven you're not a good mark because you "underutilize debt" ie paying off your mortgage. If you actually care to make it higher (not sure I would), your best bet is to open some revolving credit and utilize it. Also, never close an old line of credit (old CC, HELOC, etc.) as average age of credit can drastically effect the score.
This post was edited on 8/27/25 at 11:28 am
Posted on 8/27/25 at 11:33 am to bhtigerfan
low to no credit utilization hurts the score.
ETA: meant installment credit.
ETA: meant installment credit.
This post was edited on 8/27/25 at 2:15 pm
Posted on 8/27/25 at 12:10 pm to bayoubengals88
quote:My only revolving credit is my AMEX which I pay off every month on time. Usually averages around $2k/mo.
Credit history is likely too low.
Posted on 8/27/25 at 1:43 pm to AaronDeTiger
It depends on the scoring model that's used. I have an 834 as of today with under $2k out of an available $60k+ in available revolving credit.
EFX and TU both read 834, but my TU score is up 7 points today, but my EFX is down 4 points. And they're both the same score.
EFX and TU both read 834, but my TU score is up 7 points today, but my EFX is down 4 points. And they're both the same score.
Posted on 8/27/25 at 1:55 pm to bhtigerfan
Doesn’t make sense to me either but since I never plan to borrow money ever again, who cares.
Posted on 8/27/25 at 2:01 pm to BillyGibbons
quote:
1) The likelihood you'll borrow money and 2) The likelihood you'll pay back what's borrowed.
Might help if you put groceries and other monthly items on your credit card and then pay the credit card off before you incur interest payments.
Posted on 8/27/25 at 2:08 pm to AaronDeTiger
quote:We fluctuate between 1-5% utilization.
low to no credit utilization hurts the score.
Score is always 815 to 830
Posted on 8/27/25 at 2:10 pm to bhtigerfan
Your credit score is how good you are at paying off debt, if you have no debt to pay off why would your score be high? It has nothing to do with your net worth, income, or amount of savings you have.
Posted on 8/27/25 at 2:10 pm to bayoubengals88
Do you have a mortgage? I should have worded it differently. Him having no installment credit likely dropped his score.
This post was edited on 8/27/25 at 2:14 pm
Posted on 8/27/25 at 2:23 pm to bhtigerfan
quote:
My only revolving credit is my AMEX which I pay off every month on time. Usually averages around $2k/mo.
Sounds like you have too few accounts (not enough interaction) if this is the only thing being reported to credit agencies (no mortgage, no other loans no other credit cards). As well potentially higher utilization if this is your only credit card and say the limit isnt sky high.
As others have said credit score is 100% interaction with debt score, income has zero input into it.
This post was edited on 8/27/25 at 2:24 pm
Posted on 8/27/25 at 2:44 pm to thunderbird1100
quote:I guess this is the answer.
Sounds like you have too few accounts (not enough interaction) if this is the only thing being reported to credit agencies (no mortgage, no other loans no other credit cards).
I don’t need to borrow any money in the near future, but I may buy a new truck in a couple of years and I’d like to qualify for a 0% interest loan.
I just think it’s such bullshite that I should be punished for not having any debt. Credit scores should be based on your past payment history, income and debt ratio.
This post was edited on 8/27/25 at 2:45 pm
Posted on 8/27/25 at 2:49 pm to bhtigerfan
Could also be your limit on the card, if its say $10k, thats 20% utilization which is a tad high. Credit utilization is a pretty big impact to score. Can ask to raise the limit on the card or open another card as well.
Posted on 8/27/25 at 2:51 pm to thunderbird1100
quote:All I have is an AMEX. I use it for everything.
Could also be your limit on the card, if its say $10k, thats 20% utilization which is a tad high.
And I think the “limit” is high.
Edit: Just checked, it’s $60k.
This post was edited on 8/27/25 at 3:00 pm
Posted on 8/27/25 at 3:10 pm to bhtigerfan
I guess to some degree I would ask why you care. Are you planning to borrow money in the near future? New house, etc?
If you really want to raise it, get a LOC from a bank and raise your credit limits. Borrow money out of your LOC occasionally then immediately pay it back.
Don't close any cards.
If you really want to raise it, get a LOC from a bank and raise your credit limits. Borrow money out of your LOC occasionally then immediately pay it back.
Don't close any cards.
This post was edited on 8/28/25 at 11:31 am
Posted on 8/27/25 at 3:15 pm to bhtigerfan
Yeah its just a lack of open accounts then probably for you Utilization will be low with $60k limit and $2k spend on it
Posted on 8/27/25 at 3:37 pm to bhtigerfan
I would kill for a $2k/month credit card bill
Posted on 8/27/25 at 3:54 pm to bhtigerfan
quote:
My income has basically quadrupled
Equifax knows you selling drugs so it lowers the score.
Posted on 8/27/25 at 4:26 pm to MSTiger33
quote:Most of it is food while I’m working, gas, some groceries, restaurants and our cellphone bill.
I would kill for a $2k/month credit card bill
No kids and the wife has a good job.
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