Reply
Regular Contributor
Posts: 173
Registered: ‎05-31-2012
0

Re: USDA vs FHA

Even
tooleman694 wrote:

Sorry typo, 2 more credit cards.

 

This will bring up your score the quickest. You need some tradelines reporting some good history to rebuild and get your scores moving.

 

After a good 6 months I think your score will move into the upper 600s, but only with the new credit cards.


+1.

I would also recommend forgetting about trying to get approved with a 620 and waiI until you are over 640. my scores were real close to yours about 6 months ago and I was denied when I applied with a 629. From what I was told you need to be squeaky clean (no baddies) to get approved under 640 for USDA guaranteed. 

 

Like toolman said though, you need one more CC minimum



Starting Score: EQ 609 EX 570 TU 656 March 2012 CH 7 BK 12/08
Current Score: EQ 691 EX 694 TU 713
Goal Score: all 3 700's.
Quicksilver $5000 Discover IT $1500 Barclays NFL $1250 Walmart $1500 CL Applied Bank $300 (secured)

Take the FICO Fitness Challenge

In the Garden till 12/14
Established Member
Posts: 17
Registered: ‎10-12-2012
0

Re: USDA vs FHA

Do I really need another card, if so does it have to be a store card like best buy, walmart, amazon or? I have a secured credit card, shouldn't it be enough?

Do you know how the score process is, like how many points for every move?

Regular Contributor
Posts: 173
Registered: ‎05-31-2012
0

Re: USDA vs FHA

One card might be enough, there's no set rules as to how many points your gonna get per crd ect...    All I can tell you is that my score went up dramatically after I (reluctantly) opened my 2nd CC. With your scores you should get approvevenly an  unsecured card. This sight is chock full of excellent advice on which to get. Make sure it reports to all 3 CRA (I unknowingly chose one that didn't report to EQ). A 3rd card might/might not help so much depending on AAOC. Do some research, all the answers are here already

again I'm no expert, just sharing my exp with similar credit profile

 

 



Starting Score: EQ 609 EX 570 TU 656 March 2012 CH 7 BK 12/08
Current Score: EQ 691 EX 694 TU 713
Goal Score: all 3 700's.
Quicksilver $5000 Discover IT $1500 Barclays NFL $1250 Walmart $1500 CL Applied Bank $300 (secured)

Take the FICO Fitness Challenge

In the Garden till 12/14
Established Member
Posts: 17
Registered: ‎10-12-2012
0

Re: USDA vs FHA

I agree and I appreciate your help. I'll do a bit of research and see which ones will do it

Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

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.