Why is my credit score only 600?

by ophelia_rice , in category: Credit Cards , 2 years ago

I have been trying to build up my scores for the last 6 months and even though I have been making all my payments on time and have even paid off one of my credit cards, my score is stuck at 600. What is going on here?

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10 answers

Member

by leslie , 2 years ago

Have you considered contacting the banks where your lines of credit are? I know there are a lot of delays and issues happening right now because of the virus. Maybe things will improve by next month for you. If they don't, I think it is worth contacting someone.

by carey_prohaska , 2 years ago

Lenders typically update your file once a month or within 45 days at worst. Although that could be delayed at this time.


Has it been that long? If so, follow the advice above and contact them.

Member

by amely , 2 years ago

I've been wondering the same thing. My credit score has only gone up a tiny amount in a few months now despite having a few loans and credit cards all being paid back on time. I'll have to get in contact with them when I have the time, I need my score to be higher!

by jaden.white , 2 years ago
leslie: Have you considered contacting the banks where your lines of credit are? I know there are a lot of delays and issues happening right now because of the virus. Maybe things will improve by next month for you. If they don't, I think it is worth contacting someone.

@leslie Yeah I have noticed this as well. I think the virus has a lot of things screwed up and people are still trying to get things back in order. Banks are not spared in this mess either.

by wilton_von , 2 years ago

Sometimes credit scores will get stuck because of past debts. They can be from years ago and if they never been resolved, it will not only keep your score lower, they could prevent them from getting better.

by eliza.stracke , 2 years ago

I am not sure why you would not have seen any improvements if this is the case. Your scores should have improved at least a little bit in 6 months. It does not take much. Have you paid any cards off?

Member

by reanna , 2 years ago

Your score reflects your payment history for the last 7 years on average. Like mentioned, it might not be changing because of an outstanding debt. Have you looking into anything like that?

Member

by lavinia , 2 years ago

You could be using too much of your available credit. Do you know the limit of all your cards? You generally do not want to be over 30% of that total. So if you have $10,000 in available credit, you don't want to owe more than $3,000.

by trever_romaguera , 2 years ago

Have you applied for any new accounts or have new accounts in general? I know when you have newer cards or credit lines or you apply for too many in a short period of time, it can hinder your scores.

J

Member

by juana , a year ago
trever_romaguera: Have you applied for any new accounts or have new accounts in general? I know when you have newer cards or credit lines or you apply for too many in a short period of time, it can hinder your scores.

@trever_romaguera Do you think if you apply for new account it might be affect your credit score as well ?