BigDaddy18 wrote:
fesable wrote:
Is it possible to have a score increase in 15 days? I need to close on this home loan and need this score increase. Last week Thursday, I was offered a 100 credit line increase for one of my credit cards which will bring the limit to $400. All my balances on the cards are at $0, I have no lates and I think I have all of the deletions I can get off of my credit. What else can I do??
I is not really fesable to think that you could increase your score this easily that's just not how it works or everyone would do it!
Yeah, Fesable. I think you are going to be in trouble. 20 points is a lot when you have no factors that you can change to impact it; not only that, any changes you would make would have to report. My guess is the only thing that can help you get those points is time at this stage, because as previously mentioned, your util was already at 0.
BigDaddy, I don't think its feasible for the OP to in this sitaution to raise a score in 15 days, but it can be done pretty easily if you have scoring factors that can be worked on and you know the timing of how things report. I dropped my util from 54 percent to 6 percent and saw a 46pt gain in 10 days, because I paid the card off one day before the report date, and after the time lag from the report to it showing, I was able to get the points.
I also think it has something to do with the credit situation; I see your scores are all in 800s, so for you 20 points is hard, but for someone like me, who was way low, it was much easier.
FICO score manipulation is pretty easy to do, if you have the wiggle room on your credit cards. Once you are at the top of your window though, it takes longer. So I don't think its a fair statement to really say 'thats just not how it works' because certain situations will allow that to work.
-scott
-scott
Starting FICO Score: 10/10: TU 498 | EQ: 502 Current FICO Score(lender pull): 05/12: TU: 722 | EQ: 712 | EX: 686
Collections Removed: Hunter Warfield, CBE Group, Merchants Credit Guide, EOS-CCA, Enhanced Recovery, Portfolio Recovery, UCB, American Collection Company, Medical Business Bureau, Jefferson Capital, Credit Portfolio Associates, FCO, LVNV, Convergent, Armor Systems
Other Negative Entries Removed:Plains Commerce CO, HSBC CO, 2008 Judgment Santander ReposessionStill Working On: Illinois Paid Tax Lien,
Positive Accounts:10/10: 0 | 07/12: 6 | Mortgage Closed 5/12, Macy's AMEX $3900, Citi/Home Depot $2000, Capital One Cash Rewards $1500, Capital One Secured $500, Credit One Bank $500. Total Utilization: 6%. AAoA: 1yr, 7mth. INQS: 8 TU, 8 EQ, 4 EX
Starting Score: EQ FICO 777
