I spent the last hour or so in bed, reading blog posts while my man friend watches soccer (bogarting my computer in the process), and decided I should see if there’s been any updates to my credit score. I knew my last late payment (about seven years ago) should be dropping off sometime in the next couple of months. When I refreshed my score–BOOM! It’s gone! My score (which has been slowly increasing over time as a result of my low utilization) jumped 23 points as a result.
I also have two hard inquiries and 7 open installment loans. The oldest inquiry should drop off in another couple of months (credit card I applied for in April 2012 when I was still highly irresponsible), and open loans should be down to six around the same time. I’m hoping to be down to four by the end of the year, but I don’t think either move will have too big of an effect–certainly not the 20+ point increase I saw this morning.
It’s looking more and more like a house purchase won’t happen in 2015 anyway, but by the time we’re ready I should be down to four revolving loans and one (or no) hard inquiries, except for the mortgage application, whenever that happens.