Went from 620 to 740 in 18 months without a loan or credit card

I paid off a medical bill that went to collections and got a secured card from my credit union, used it for gas only and paid it off every month. It took about a year and a half but my score jumped over 100 points just from those two things. Has anyone else seen big gains from just paying down old debt and using a secured card?

2 comments

2 Comments

patel.leo1d ago

Hold on, you did that without a single credit card or loan? That's nuts. Most people I know have to juggle a couple of cards to see that kind of jump.

rosebennett1d ago

That "juggling a couple of cards" part is exactly why I just set up automatic payments and never touched more than one.