03-10-2011 04:34 AM
Does a higher FICO make you an easier approval? Or doesn't matter if you are 640 or 680 or 720?
Right now I am 621/659/???, hopefully get that 621 above 640 here in the next 2 months, then don't need to worry about what my EX score is, though it has to be about the same because all 3 are identical... same lates, no collcections, no judgements etc..
03-10-2011 07:03 AM
It really depends on the loans. I have a lower credit score, and was approved for an FHA mortgage. Usually your credit score is more to get a better interest rate etc... I'm sure someone would approve you with that score- but you never know. Sometimes they suprise you. lol
03-10-2011 10:01 AM
I have no collections or judgements...
Just a ton of lates in 2005(job loss) and then 2 CC's that went late for 3 months in early 2010, one 30 days and the other 60 days, its when we signed up with CCCS for a DMP, was confusion on my end, thought if I made that payment all cards would report current...
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.