11-28-2012 10:01 PM
I have the following cards all with zero balances right now as I PIF each month:
Orchard Bank $300
Capital Bank (Open Sky) SECURED $700
Personal loan at credit union $400+ left on $1000 credit builder loan
Student loan payments ontime and pay more than due
Honda Finance pay ontime and more than due
I am about to apply for a mortage in a couple months and want to bring up my score even more. Should I add another secured card? Should I just sit tight until after the processing? I just want to bring up my score if I can. I have the minimum 640 (mid score) required for the FHA.
What do you think?
11-28-2012 10:03 PM
3 cards should be good enough! instead of applying for a new secured card, I would add more money into your current one to show higher tradelines! it's better to remain as inquiry and new account free from this point on as possible before your mortgage best of luck!
11-28-2012 10:05 PM
Open an mortgage they don't want to see open any trade line in 6 months. Your credit score low because you have short credit history. Or maybe your credit card did not update informationt lately . You have to pull all 3 report let see if they reported right.
11-28-2012 10:05 PM
this post would be better suited for the mortgage loan section but anyways
is your current score current?
your honda finance what is that? like the amount
paying more sadly does not do much besides lowering util which counts less on an installment loan vs revolving.
|Current: Discover Fico 709 3/15 Walmart Fico 743 4/15|
Inquiries (24 Months): EQ 6 TU 1 EX 6 | Most Recent: 4/09/2015
Earn Cash Back
|Amex Zync(Unicorn) |
Citi DC $10,000
11-28-2012 10:13 PM
Look at that picture . I guess less than 1 year AAOA,Honda finance seem like couple months. With all that credit card . And credit score and he said PIF each month. Then AAOA less than 1 year
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.