02-24-2009 08:50 AM
Hello everyone. I was to thank everyone here for your posts and being so helpful when I ask questions. I need help again, and any response will be greatly appreciated.
I have 4 cards, a Macy's $0/800cl, a cap1 $22/1050cl, orchard master $237/1400, and an orchard visa $0/1350cl. I have a bank loan $1600 remaining on it, a student loan 6500 remaining on it. I had a car not with wachovia where the balance was 11,668, but the other day I refinanced with my credit union and they did a loan for the blue book value of the car which was 9,000, and a signature loan for the remaining balance which was 1500. My score are in my siggy. I know the scores will drop when the new accounts hit. I am looking to purchase a house by the end of the year. What is the best way to raise my score as high as possible is I can get the best rate available.
02-24-2009 08:52 AM
02-24-2009 08:53 AM
02-24-2009 08:55 AM
nothing wrong with requesting a CLI or two a few months before you start looking for a home loan.
Other than that, let time do the work for you, and keep your balances low. You are on the right track.
02-24-2009 09:10 AM
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.