What I did was dispute every single collection. And they ended up removing them. The majority of them were medical. But if you paid them off dispute it being on your credit report. It took about 3 months for our score to start moving up.
I have $55,000 worth of credit on my 3 credit cards, I carry a zero balance as I pay it off every month. I've got money in savings too, but because I don't have a mortgage and I no longer have a car loan because I paid that off too, they dropped my credit score by about 10 points. I'm still over 800, but it bugs me. I'm the lowest risk borrower there is! They like mess with me because their rewards cards pay me money and I don't pay any interest because all cards are paid in full monthly. I think that's a bunch of crap. I'm the best kind of customer any lender would want because my name and my honor is based on it. It's the old European way in which I was raised.
Yes! There is something very wrong with this system. While finally building my savings, I paid off my auto loan 6 months early and was rewarded with a 7 point drop in my credit score. Then, I paid off my student loan 3 1/2 years ahead of schedule and was further rewarded with an immediate 12 point drop. Card balances are paid in full each month and my credit score keeps dropping while my financial situation continues to improve. The relevance of this scoring model continues to be called into question.
Turbo Intuit offers credit monitoring and reports and score. But also you can get a free yearly credit report from Annualcreditreport.com but I personally like the turbo one it tells you when ur score goes up and down tells you where n what to improve its more helpful
Dont be fooled, when buying a house they only look at 1 score they kick out the high and the low. Also they look at absolutely different numbers than you can see as the consumer. As an example my 750 score is more like a 700 to a lender. DONT BE FOOLED.