Each credit bureau or lender can chose how important certain trade lines are weighed in your score.    A car dealer will pull your score, and if you've had great car history, your score could show as 770, even though you could have had some late payments on your credit cards.    Apply with Capital One for a credit card and they'll pull a score of 630.    All lenders and credit bureaus will not all be the same. Just be aware of what your applying for, and where. This will effect the score, and you'll be the better for it concerning interest rates. ... View more

When applying for auto loans or mortgage loans, you can apply at as many lenders you want, within a 45 day period, and it only show one credit inquire on your credit report.  This is not true for credit cards, personal loans, lines of credit. These will show each inquiry separately which if done in a short period of time, can adversely effect your score.    So if you do want to apply for a new credit card, put in an application with one that advertises a low interest rate. And go from there.     ... View more

If your credit balances increased, that can effect your credit negatively. As you decrease the balance, your score should increase.   ... View more

The code the lender reports to whatever credit bureau what type of loan it is, might be wrong.    I work at a credit union and auto loans have codes like 1012222, and if we report code 1021111 it will report as a home equity loan. I wouldn't be concerned about it. But you can always call your lender and ask to verify how its been reported. Or request the credit bureau to send the lender a request to look into the account in detail.     ... View more

If you have any credit cards, auto loans, lines of credit, contact each lender and verify your information. You would be surprised how often accounts have the wrong date of birth, social security number, or name misspellings. This can contribute to your credit lines not being reported under your name. Also ask the lenders how often they report. Sometimes lenders report monthly, others ever quarter.  ... View more

DTI is Debt to Income ratio LTV is Loan amount to collateral value ratio     Hope this helps ... View more

www.freecreditreport.com    Determine if the accounts you owe on are now collection accounts. Contact collections company and request an amount you can settle on.  (If you owe 500, and call the collection company, they will more than likely offer to settle for half the amount owed, depending on how long they've had the account) They sometimes will only settle for such amounts if you are able to pay the settlement amount in full. So maybe call and see what they can offer, and call back when you have that amount available.)  This way, you pay less than you owe, and they will report the account as settled, instead of an open collections account.       ... View more

I would apply with Capital One, as they offer a secured credit card with a limit of 200, and after 5 months of usage and on time payments, it converts to a regular unsecured credit card. This will start your credit history and will allow you to open other types of trade lines.    https://www.capitalone.com/credit-cards/secured-mastercard/?external_id=WWW_LPT17_ZZZ_ONL-SE_AAAGO_T_SEM2_ZZZZ_c_Zg_57930c1b-59ac-441a-9585-3f48f106445f_[phone number removed]_26162&target_id=aud-[phone number removed]:kwd-50770670&gclid=Cj0KCQiAvc_xBRCYARIsAC5QT9lpgIaaXcRGrpJ28bx4x8oVBL-ryppQ21cJLbTFMZ69ocTGVHmsZ3caAtQSEALw_wcB ... View more

As the previous person said, I wouldn't add new credit lines if you have established credit. I would pay down your current loans, as the balance decreases, your score should increase. I would also suggest limiting the amount of accounts you open in a short period of time.    Determine your oldest credit card, and never close that account. ... View more

Your score is reflecting your limited credit. As the previous person stated, lenders see the score and report and determine you don't have any credit history. Lenders want a history so they can better decide if they are OK with risking losing money by lending to you.    If you want it to improve, apply for one trade line (credit card/line of credit) Pay as agreed. Never close this trade line. Creditors want to see you have financial responsibility over time.  ... View more