Divorce ruined credit. Paid off debt, and have been cash only for 5 years. Why is my credit score still so low?

9 Answers

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  • 9 months ago

    you need to use credit and make on time payments, have open cards with low utilization

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  • 9 months ago

    Because you have done nothing to improve it. By paying cash for the last 5 years, you have not done anything to help it go up.

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  • Anonymous
    9 months ago

    Divorce didn't ruin your credit, not paying your bills did.

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  • Eva
    Lv 5
    9 months ago

    Because you've been cash only for 5 years. You need to re-establish your credit by buying something and paying for it over time and on time.

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  • 9 months ago

    Mainly because you are using only cash and not building up your credit for the past 5 years. How do you expect it to go up with non use?

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  • 9 months ago

    First, because once something bad goes on your credit, it must stay for at least 7 years. If it ruins, or even hurts, your credit, it has to to keep hurting until it is 7 or 7 1/2 years old, even if you pay earlier.

    Second, because you have been cash only for the last 5 years.

    The damage from whatever ruined your credit cannot be repaired when it is only 5 years old, even if it has been paid.

    And being cash only means there is nothing good going onto your credit.

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  • Tavy
    Lv 7
    9 months ago

    Because you are not building up credit by loans or cards.

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  • 9 months ago

    Because you are not using credit.

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  • Anonymous
    9 months ago

    Sounds like you have done nothing to rebuild it. Id suggest a Discover Secured card. That and 2 more years and you should be good.

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