Hey guys, long time reader, 1st time poster. I have been using Fako scores for a long time and finally decided to get my actual fico scores and wow, what a difference... for the worst!!
My scores are TU 527 EQ 552 EX 548.
I have a mortgage past due of 10K (will explain further below), 3 credit cards with $0 balance, and is an authorized user on my parents CC which has a 16K limit, 15K bal. and a gas bill paid every month on time. Had lot of late payments in the past, but very few the past 7 months or so (not incuding mortgage). Anyways, I was thinking about this and wanted to see what you guys think.
To make a long story short on the mortgage payment, we are waiting for the mortgage company to finialize a workout loan for us. In the meantime, we are not suppose to make any payments, but as each month goes by, the CRs are showing us later, and out past due bal keeps getting bigger. as of right now, it's 10K
Do you think getting rid of 10K past due payment and being current on this payment would raise my score any?
Even though I am a AU on my parents CC, with it being just about maxed out, it's hurting my credit even though there hasn't been a late payment on the account for over 10 years. If i remove my self as a AU and get that off my CR, will my score go up at all? I think that is killing my ratio as it counting it as a balance in my CRs.
Any guesses as to what changes would be made to my score for either one? I am doing both of the seperate to see if either or both or one will make a difference.
Any comments would be great!
Allen
