topic Re: Almost there I can taste it!!! in Mortgage Loans

Almost there I can taste it!!!

BigBug14 — Wed, 03 Oct 2012 19:04:25 GMT

High 641 Transunion, Middle 636 Experian, Low 602 Equifax...........Anybody have any suggestions on getting those last 4pts? I've paid all my cards down to 7% of limits, when I had my score ran they were sitting at 13%. Last month my Experian number was at 644 no clue as to why it dropped other than I went from 7% to 13% of limits on my cards.

Re: Almost there I can taste it!!!

llecs — Wed, 03 Oct 2012 19:16:19 GMT

BigBug14 wrote:
High 641 Transunion, Middle 636 Experian, Low 602 Equifax...........Anybody have any suggestions on getting those last 4pts? I've paid all my cards down to 7% of limits, when I had my score ran they were sitting at 13%. Last month my Experian number was at 644 no clue as to why it dropped other than I went from 7% to 13% of limits on my cards.

Were these pulled by your lender?

Pay all open CCs down to $0 except for one, and leave that one around the 7% level or less (but not $0).

Re: Almost there I can taste it!!!

BigBug14 — Wed, 03 Oct 2012 19:35:00 GMT

Yes all pulled by my lender yesterday. I have really small credit limits of 300, 300, and 750 should I pay the low limits cards down to zero and leave the 750 at 7% or does it matter which one is at 7%? Its weird that you have to worry about leaving debt on a card when you have the ability to pay it off to get your fico score up lol!

Re: Almost there I can taste it!!!

BigBug14 — Wed, 03 Oct 2012 19:51:49 GMT

When my Experian score was at 644 my balances were at 300/71, 300/62, and 750/16 but for some reason at those numbers my Transunion was at 612.

Re: Almost there I can taste it!!!

BigBug14 — Wed, 10 Oct 2012 17:37:42 GMT

Update: Today I finally have my Pre-Approval letter in hand!! To get the last extra 4pts i had to pay my cards down to $10/$10/$27 and we sent it through Rapid Rescore and it actually worked. Now the fun (stress) begins!!

Re: Almost there I can taste it!!!

IOBA — Wed, 10 Oct 2012 17:43:45 GMT

Weu weu BigBug14!!!

I hope the next part of the stress isn't too rough! :)

Re: Almost there I can taste it!!!

BigBug14 — Wed, 10 Oct 2012 18:21:05 GMT

It has been a crazy road getting to that 640 number. I started at 526 a little over a year ago, and got everything cleaned up on my credit history so the only debt that I have is my car payment which is fairly small and my 3 small balances on my credit cards. I never thought the credit gods would allow me to have a house now hopefully I can find a house that I like and from there it goes pretty smooth!

Re: Almost there I can taste it!!!

ProudMomof5 — Wed, 10 Oct 2012 18:46:40 GMT

Okay, I'm a little confused. I thought your mid score was 602 and not 636. I always thought they take the mid-score between the three which would make it 602.

Re: Almost there I can taste it!!!

bigboihill — Wed, 10 Oct 2012 18:54:49 GMT

ProudMomof5 wrote:
Okay, I'm a little confused. I thought your mid score was 602 and not 636. I always thought they take the mid-score between the three which would make it 602.

The OP's three credit scores were: 641 Transunion, 636 Experian, 602 Equifax. This would make the middle score the Experian which was 636.

Re: Almost there I can taste it!!!

ProudMomof5 — Wed, 10 Oct 2012 18:59:47 GMT

So does it depend on what company pulls the credit report because my mid score is from Transunion. That sucks because that's my lowest score and I'll really have to bring my score up alot.

Re: Almost there I can taste it!!!

StartingOver10 — Wed, 10 Oct 2012 19:05:12 GMT

ProudMomof5 wrote:
So does it depend on what company pulls the credit report because my mid score is from Transunion. That sucks because that's my lowest score and I'll really have to bring my score up alot.

It doesn't matter which report is the mid-score. Your lender will pull the report from their system and they will go off of the mid-score from their system. Have you spoken to a lender or are you in the preparation phase?

Re: Almost there I can taste it!!!

ProudMomof5 — Wed, 10 Oct 2012 20:26:29 GMT

Yes, I had a lender pull my credit and my scores where Experian 623, Transunion 580 and Equifax 610. The only thing I can think of that's pulling that score down is a collection for $250 for a ticket. I wonder if I can get them to remove it if I do a PFD would it bring my score up. I need to make sure they weren't included in my Chapter 13 before I call them and even think about paying.

Re: Almost there I can taste it!!!

jess985 — Wed, 10 Oct 2012 22:03:59 GMT

@ ProudMomof5

If that's the case then you're mid score would be 610 with equifax, you're low score would be 580 and you're high score would be 623.

Re: Almost there I can taste it!!!

scmami — Wed, 10 Oct 2012 22:07:48 GMT

Congrats on getting the points! I was in the same boat and what increased my score in less than a month was 1) Time (a few baddies aged to 4 years) and 2)paying my 2 CCs to under $10/each. I tried the 1 card at zero, other at $10, but Idk, that's what worked for me

Re: Almost there I can taste it!!!

beb86 — Thu, 11 Oct 2012 03:41:49 GMT

Good Luck!!! just get mentally prepared for all kinds of bumps in the road (the will happen) but its so much worth it in the end.