My credit score is 725. What can I do with it?

[Renkz]

Apply for credit card with 0 apr and transfer balance any balance to that card. Put a plan together to pay it off, and be on the lookout when the promo expires to transfer the balance to another card.

You have a good enough credit score to get those kind of offers.

 

[Ayo]

725 don't mean shyt if you don't have the history to back it up. I saw my brother get approved for more things with a 670 then I did when I had a 700. Score only means so much. There's a reason history makes up over 30% of your FICO.

I mentioned this above too. Wifey has a damn near 850 and I float around 100 points less than that. My approvals starting balance are triple hers. She also gets manually reviewed approvals ("We'll reach out in 7-10 days with a decision") more often while I get instant approvals.

Sitting down and doing nothing with your credit (like most people in here are suggesting) is probably the worst thing you can do.

 

[NoMorePie]

Nothing
One false move and that shyt will drop 100 points

Yep. My score was mid 700s, then for some reason 1 pre authorized payment didn't go through and it dropped BADLY

 

[Olmec]

post that shyt on IG and watch the hoes flock

 

[SAINT]

Only 7k in student loans? You are living in luxury and don’t even know it

 

[MikelArteta]

i know this is the coli and everyone has a 800 score

my score was at 550 a few years ago after helping someone out who screwed me over. But now I'm at 688

 

[Ayo]

Yep. My score was mid 700s, then for some reason 1 pre authorized payment didn't go through and it dropped BADLY

1. write a 'good will letter' and mail it certified. "it happened because" , "your company has been good to me", "Build a long history with you", "im trying to buy a house for my kid" yadda yadda, if its your first 30 late and your credit file looks good otherwise they might take it off with just this letter.
2. wait for a month after you see that they received the letter. if you don't get a letter back or see it removed from you credit report....
3. Google for the email of their CEO. write him the same sob story inside of an email. (I successfully did this with capital-one 7 years ago). if you don't hear back from the CEO.....
4. search for articles that include other senior level executives discussing consumer issues and them being in favor of consumer rights. this could even be about free credit monitoring that they offer. credit card companies are evil as shyt but they love this kind of PR. note all of the names of the people quoted or credited (PR executives are going to be a waste of time, keep looking if that's all you find)
5. Find the email addresses of some of those executives. email them the same sob story.
6. If you don't get any response your last hail mary is challenge it with all 3 credit bureaus individually. some make it easy and you can do it right from the web. you're basically forcing the credit card company to prove that you were 30 days late. while they are waiting for proof it might fall of your report and result in a momentary score spike. credit card companies have entire departments dedicated to responding to these challenges from the bureaus. so your chances here are around 2%.

If you don't do any of the above that shyt is going to sit on your report for the next 7 years and haunt you. Most credit card companies will give you an automatic denial with a 30 day late within the last 5 years. Most private mortgage companies that offer competitive rates issue automatic denials with just 1 30 days late within the last 7 years. You get one more of those and you're not eligible for an FHA mortgage for the next 2 years.

 

[mannyrs13]

How do you feel about yr mom doing that?

I doubt she was doing it as a positive but it feels like it was almost a good thing she did?

Thats something I'd recommend for anyone who can do it. Have 1 credit card with something on autopay every month. Maybe like a streaming subscription or even use it for gas and pay it off monthly. And put a childs name on it so it can help build their credit. Get them off to a good start so when they're 18 they'll be in a better position than others. Of course gotta be a responsible parent and not use the card foolishly.

 

[Son Goku]

1. write a 'good will letter' and mail it certified. "it happened because" , "your company has been good to me", "Build a long history with you", "im trying to buy a house for my kid" yadda yadda, if its your first 30 late and your credit file looks good otherwise they might take it off with just this letter.
2. wait for a month after you see that they received the letter. if you don't get a letter back or see it removed from you credit report....
3. Google for the email of their CEO. write him the same sob story inside of an email. (I successfully did this with capital-one 7 years ago). if you don't hear back from the CEO.....
4. search for articles that include other senior level executives discussing consumer issues and them being in favor of consumer rights. this could even be about free credit monitoring that they offer. credit card companies are evil as shyt but they love this kind of PR. note all of the names of the people quoted or credited (PR executives are going to be a waste of time, keep looking if that's all you find)
5. Find the email addresses of some of those executives. email them the same sob story.
6. If you don't get any response your last hail mary is challenge it with all 3 credit bureaus individually. some make it easy and you can do it right from the web. you're basically forcing the credit card company to prove that you were 30 days late. while they are waiting for proof it might fall of your report and result in a momentary score spike. credit card companies have entire departments dedicated to responding to these challenges from the bureaus. so your chances here are around 2%.

If you don't do any of the above that shyt is going to sit on your report for the next 7 years and haunt you. Most credit card companies will give you an automatic denial with a 30 day late within the last 5 years. Most private mortgage companies that offer competitive rates issue automatic denials with just 1 30 days late within the last 7 years. You get one more of those and you're not eligible for an FHA mortgage for the next 2 years.

 

[Son Goku]

i know this is the coli and everyone has a 800 score

my score was at 550 a few years ago after helping someone out who screwed me over. But now I'm at 688

@CouldntBeMeTho

 

[Diunx]

Get in debt?

 

[Cobalt Sire]

edited

 

[L&HH]

725 don't mean shyt if you don't have the history to back it up. I saw my brother get approved for more things with a 670 then I did when I had a 700. Score only means so much. There's a reason history makes up over 30% of your FICO.

This. Coworker of mine got a 710 and got declined for an Apple Card. I on the other hand had like a 650 and got approved for a $5k limit Apple Card.

 

[ADK]

I got 736 and this shyt all is a scam. They want history.

 

[Ethnic Vagina Finder]

All you can really do is gain access to more debt, and the ability to go into debt faster.