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missroseroseI went to check my credit report today, since it's generally a good idea to do so once a year, and I figured I may as well pay the $6 to have them calculate my FICO score too, so I can get an idea of how I'm doing on climbing the long winding staircase that is the process of building credit in today's society. The credit report looked accurate, with all three of my accounts (two credit card, one installment) paid off on time every month, so I went to check my credit score, figuring I'd finally made it into the "Good" range.
Nope. 727, right smack in the middle of "Fair".
According to everything I've read, the major factors that affect your score are 1) your payment history, 2) length of history, and 3) debt-to-income ratios. The first is perfect, and the third just fine (I rarely run my credit cards up past a third of the limit, and I almost always pay the balance off each month). So as near as I can tell, they're just picky because my credit history is only two years long.
I know that I shouldn't really complain, considering that (assuming I keep making payments on time and don't go on a spending spree) this problem is guaranteed to go away eventually, but it still feels like I'm not getting much credit (ha!) for being as responsible as I have been...
Nope. 727, right smack in the middle of "Fair".
According to everything I've read, the major factors that affect your score are 1) your payment history, 2) length of history, and 3) debt-to-income ratios. The first is perfect, and the third just fine (I rarely run my credit cards up past a third of the limit, and I almost always pay the balance off each month). So as near as I can tell, they're just picky because my credit history is only two years long.
I know that I shouldn't really complain, considering that (assuming I keep making payments on time and don't go on a spending spree) this problem is guaranteed to go away eventually, but it still feels like I'm not getting much credit (ha!) for being as responsible as I have been...
