Ok... my DD and SIL are meeting with a lender on Sunday to start the ball rolling on securing financing. The score they are going off of is 565. She was told that it would be much better if the score was 580 and there are two small debts that she is working on getting paid and removed so that might do it.
Something my daughter said today lowers this lenders credibility to me. She said he told her that they offer a credit repair service, at a charge of course, and that just opting out of credit offers and getting the SOFT inquiries off their credit would raise their score about 10 points.
What's this BS? Soft inquiries don't affect scores. She knows the difference between a soft and hard pull as she has been working on cleaning up their credit for the last year so I don't think she would have misunderstood that.
