Ok, so at the moment I have zero late payments, average credit history is over 5 years. I have 4 credit cards for a total of $40,000 in available credit, and a balance of $2,000 (interest free and being paid back at $1,000/mo). I have a 4 year old judgement on my credit for $650 for a defaulted credit card. There are two derogatory accounts on my credit, both closed.
What can I do to continue to improve my credit? Is there diminishing return for having higher available credit? I could probably get approved for another $10-$20,000 credit card without much trouble, more if I did a business card for my business but I don't know if that would actually help. At this point I don't know how people get from mid 7s to 800.
Edit: The reason I'm asking is because I'm buying a house in two years and want to lowest fixed rate mortgage I can get.
Submitted July 07, 2017 at 10:10AM by Another_Desk_Jockey http://ift.tt/2sUt9iL
