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: EQ 735 Discover 9/5/13 Walmart TU 730 EX FICO 726 Amex Pull(1/1/13)|
Starting total revolving credit: $2600 | Current total revolving credit: 31k+
Inquiries (24 Months): EQ 8 TU 7 EX 8 | Most Recent: 09/04/2013
|Amex Zync(Unicorn) |
Citi Diamond Preferred$6000
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