JayC707 wrote:What am I doing right / What am I doing wrong?
Take a look at:http://www.myfico.com/crediteducation/whatsinyourscore.aspx
Payment History is the biggest factor at 35% and derogs will kill any positive payment history that you might have so you're doing the "no derogs" thing right.
Utilization (Amounts Owed) is the next biggest factor. If you're at 3% you should be good.
With installments you have a mix of credit which helps.
Most of the other factors just take time and responsible usage. Don't fret over CK or CS scores as creditors do not use those scoring models. Take the reasons with a grain of salt. Even if the reasons were accurate payment history just takes time to build. At least 2-3 cards are recommended for optimal scoring so you're good there. You don't need to add cards just for the sake of adding cards. If you find something useful then go for it.
I'd also agree that CO's unwillingness to increase your limit may not mean anything. It's possible that it's because the card was once a secured Orchard Bank card but I can't say for certain.
Being an AU on a company card probably isn't helping you. Even if it was, not all creditors and scoring models factor in accounts where you're an AU anyway.
thom02099 wrote:All 3 of the bureaus utilize the 08 model
I'm not aware of the bureaus using the models for anything. The CRA's supply the data that is used by scoring models to generate the scores. Creditors use the scores.
I suggest not even bothering with scores. 08 is used a lot but all creditors use 08 so if you're applying to a creditor that doesn't then the 08 score isn't relevant anyway. Since scores are based on reports focus on the reports. Good reports will lead to good scores.
That said, some do find that having numbers reassuring and a simple way to assess progress so each needs to do whatever works for the individual.