IMO, it could....maybe. I know that's ambiguous, but you've got a long haul ahead of you on the EQ(not meaning to discourage you).
Also keep in mind it may take 30-45 days for the OC's to fully update your CR.(correct me if I'm wrong anybody).
With the low EQ score, could there perhaps be a 'baddie' on your CR that you aren't aware of? Like a collection going back a long way? Any late pays?
You are certainly doing a good job in working down the util's. The quicker you can work them down, the more likelihood of your scores increasing.
If you have not pulled a CR recently, I'd suggest you do so, and analyze very carefully, to see if you can spot any 'baddies' that you can be working on now, and get them removed, if they exist.
Good luck to you.
Also keep in mind it may take 30-45 days for the OC's to fully update your CR.(correct me if I'm wrong anybody).
With the low EQ score, could there perhaps be a 'baddie' on your CR that you aren't aware of? Like a collection going back a long way? Any late pays?
You are certainly doing a good job in working down the util's. The quicker you can work them down, the more likelihood of your scores increasing.
If you have not pulled a CR recently, I'd suggest you do so, and analyze very carefully, to see if you can spot any 'baddies' that you can be working on now, and get them removed, if they exist.
Good luck to you.
Thanks for your response. I have pulled all 3 CRs and I do have multiple lates reported (mostly valid, I'm working on the ones that aren't). My last late was in 6/07, so by January that will be more than 6 months old which should also help. I know the lates stay on for 7 years and I certainly don't expect to get really high scores until they age off. I have no collections, liens, BKs, etc. It's all lates and util pulling my score down. Right now I'm focusing on keeping everything current and paying down the util, and seeing my score gradually rise over time. We are planning to buy a new house next Spring, which is why I'm hoping to at least get all 3 scores to 620 by the time we apply for a mortgage. It will more than likely be March until we seriously start looking at houses, but we may see a mortgage broker after the new year just to see our options. All other factors will be great for a mortgage (DTI, down payment, LTV, time at jobs and current house), I'm just trying to get my score up as much as possible so it doesn't hurt us too much on the rate.
Sorry - probably more info than you wanted to know . Thanks again for your thoughts. I'll keep plugging away!
. Thanks again for your thoughts. I'll keep plugging away!
No no. More info is better than not enough. Thank you.
Do you have any old baddies that are over 6 months old? If so, you could start writing goodwill letters....the older the baddie the better, imo. And now is the time to start writing.
Do you have any old baddies that are over 6 months old? If so, you could start writing goodwill letters....the older the baddie the better, imo. And now is the time to start writing.
@Anonymous wrote:
No no. More info is better than not enough. Thank you.
Do you have any old baddies that are over 6 months old? If so, you could start writing goodwill letters....the older the baddie the better, imo. And now is the time to start writing.
When you try to get lates removed do you specify the dates or just go all out and ask for it all, or do you leave that "open" and see what the creditor will do for you?