@ShanetheMortgageMan wrote:Yes, it'd be a good idea to keep all credit card balances (including the AU) to as low of a balance as possible, for the credit score & also potentially your debt to income ratio. You are welcome.
Thsi has probably been mentioned before and is sorta OT, but is there any way to get cards to a zero DTI point short of closing them, or am I stuck with a $15 minimum payment regardless of their balance history?
I may be confusing 3rd party analysis of my report and their DTI calc vs. what is actually utilized; as is I'm already going to have to write a check ahead of plan for my car and a secured loan to make way for the mortgage, and I may wind up being in a minimum DTI qualification so trying to get things as tight as possible.
@ShanetheMortgageMan wrote:Usually I recommend that you call up your creditor and ask what day they will report to the credit bureaus next, and also what date will they take the balance & payment from. Then they just plan for the balance to be $0 on that date with no payment owed, we check credit a couple days afterwards to make sure it's carried over to the credit vendor data by then.
Oh that's easy, thought it was going to be more complicated than that; many thanks sir!