I have been working on my credit for a while now. I have Credit Karma and Credit Sesame accounts, I use the credit score features on my credit cards I have, so I monitor it closely.
My score is at a point now to where it is getting difficult to see any substantial improvement to it. Most of these sites usually have six criteria they rate and from Best (Green) to okay (Yellow) to needs work (Red). On all of my reports everything is Good or Green except for inquiries and credit age. They are both Yellow. The inquiries will improve by the end of the year as all inquiries but one (1) will fall off. But the age will not improve to a Good rating for a while because most of my credit is 5 years or less, average age 2 years.
Based on simulations, even if I pay my credit cards off it would only raise my score by 5 points. I also have a personal loan and auto loan and a mortgage.
The age I can't help except to wait and keep doing what I am doing. I plan to pay all the credit cards off in the next 4-6 months. But as I said that will only raise my score slightly.
I guess the only other thought is this, would paying off my personal loan and auto loan to remove that debt, raise my score and would it be a few points or more substantial. The personal loan is about 16 months old, the auto is maybe 36+ months old.
There are no late payments on my report, no collections, no public records, no negative anything so the only thing I have to work with is the debt I owe since I can't increase my credit age magically. Unless I am missing or forgetting something. Any help or suggestions will be appreciated.