My credit score remains about 550 at one company, 615 at another. Any yet, I’m only carrying $7,000 in total debt, no late payments in the two years reported, and no derogatory remarks and nothing in collections.
And yet, I haven’t gotten my credit score to go up in years. If I paid off every penny today, I assure you, my score wouldn’t go up at all. This all began years ago when I became a very vocal Patriot.
The Deep State has a vested interest in low balling credit scores for the public. They want us to feel powerless and destitute. But compared to other normies, I have had to live with this BS credit score for years and years. And there’s very little recourse.
I’ve heard other patriots complain. Anyone else here dealing with this?
Remember if you have no debt at all, then your credit score is zero. The score only is affected by taking out debt of a certain size, then never being late for a payment. If you have no debt, that is worse than your conservatism!
So disgusting how this whole system was meticulously designed for debt slavery.
Promise of God's judgement gives me comfort.
That's simply not true. I have zero debt and my 800+ score hasn't changed plus or minus more than 10 points in decades.
Open some credit cards and use them strictly for bills. Pay your electric bill or cell phone bill and then pay it off immediately. You should increase your score pretty quickly with doing that.
Great idea
also, keep your credit usage below 30%
The best way for you to build up credit is to take out 3 or 4 credit cards or accounts, then only charge up to 10% of the allowable credit. DON'T pay them off.
Imagine having 4 credit cards, each with a $1,000 allowable credit. You charge $50 on each, so stay at 5% of allowable.
Each month, make a $20 payment on the card... but then make sure you buy $20 worth of something using the card to keep the balance going. Every month, pay $20 and then charge $20 to buy something (groceries, gas, etc...).
You will be surprised how fast your credit score increases by 100 points.
It's a game that you need to learn to play.
This is effing ridiculous, right? I have five credit cards. I pay them on time each month. I have no derogatory remarks or collections. Just because I’m too close to the balancesbis causing me to have a 515 credit score?
That's what is doing it. If your card balance is more than 75% of available credit... then pay on time all you want... your score will never go UP. If you get close to or at available credit limit, your score goes DOWN no matter how regularly you pay.
If you can get the balance down to below 50% on each card or credit account and pay regularly, your score goes UP a little each month. If you get the balance down to below 25% of available credit and pay regularly, the score goes UP considerably each month. If you get down to 10% of available credit limit and pay regularly... watch your score go into the 700's pretty quickly.
When your credit card balances stay above 75% of available credit, you aren't going to make any progress at improving your credit score. Between 50% and 75%, you will only make small improvements in the score over time. Where you really make progress is to get the balances below 50% of credit available and KEEP IT THERE. Do NOT pay off the card, but always carry a small balance on it.
Yes, you will have small interest fees on the minor balance you carry on the card. However, your credit score goes up dramatically. You will save far more money in the long run.
Thank you for this really great explanation. The whole thing is absolutely ridiculous. But I’ll do that!
Credit scores vary greatly between Experian, TransUnion and Equifax, it's all in how they tally scores.
I keep an eye on my CS via CreditKarma (TransUnion & Equifax) and free monitoring from Experian.
Experian's the worst, my score is about 100 points lower than the other two, and conveniently Experian is most referenced.
It's all a racket and a bunch of BS in general, not just Patriots.
As suggested below, I'd second getting a three credit union report and giving it a good once over for anything that may be behind your woes.
You can get them through Experian for free, plus utilize their monitoring. Plus plus, you can add your own accounts such as utilities, phone etc that can help raise your score with them as well.
Financed a truck about 6 years ago. When I paid it off, my credit score dropped more than I ever imagined. Never missed a payment, never late. I felt punished for paying it off.
What I learned from this experience is very simple. I had emotional ties to the loan, due to it being the largest loan I had ever taken and it felt amazing pay it off. Credit companies do not have emotions. I am simply a risk. Once the risk was eliminated (paying off the loan), I was nothing to them.
Well they look at your credit usage as well I'm at 7% usage on my credit cards. 10% usage and under is the target they look at for building your credit rating..
I rebuilt my credit over the year from literally nothing because it actually dropped so low once I got out of debt because I made the mistake of paying off all my old collection bills and everything at once that I I had no credit history at all.
I started out with a Fingerhut card thankfully they help me to rebuild my credit now they keep raising my limit. I also have several other credit cards but my total usage is at 7%. .
My credit score varies per credit card company as well. On Equifax is higher than transunion and Experian. My FICO 8 score is only in the fair range but my credit card score is in the good range it just varies from month to month.
And I hear people say…….there is no way a government can put you on a SOCIAL score system. They’ve had practice with the CREDIT score system! Do you think those that Trudeau put in jail would already be on a SOCIAL credit system? They’re just marking time until The Great Reset comes into play.
And for those Aussies and Canadians that think Putin is a war monger and criminal and treats his citizens badly, think again! For the last 2 years Australians and Canadians have not been able to leave their countries. Even Brazil and Iran let their citizens out of their borders, but not these two countries.