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What do you need 23 more points for? Are you apping for a mortgage or something? If so, when?
Installment debt doesn't weigh as heavily, for scoring purposes, as revolving debt. So, I'd think that you probably got close to as much bang for your utilization buck as you're going to get. You can probably try tweaking a bit, by allowing only one card to report a small balance of 1 to 3%, but there's not a whole lot more wiggle room for FICO scoring purposes.
Time seems to be your best weapon now.
Have you asked the dealer which scoring model they are going to use? I've read that auto lenders don't use FICO's but an auto-enhanced type of scoring model. Maybe you don't need the 23 points. You should find out. Good Luck!
@Booner72 wrote:Have you asked the dealer which scoring model they are going to use? I've read that auto lenders don't use FICO's but an auto-enhanced type of scoring model. Maybe you don't need the 23 points. You should find out. Good Luck!
They use an Auto Enhanced FICO Score so it's most definitely a FICO score.
From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782
"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".
Okay. But maybe he meets the necessary pointage for the auto-enhanced?
@Booner72 wrote:Okay. But maybe he meets the necessary pointage for the auto-enhanced?
That's very possible. I think (could be VERY wrong about this) that most dealers look at the auto enhanced score? But I know not all lenders do this. I agree that a chat with the lender is in order.
From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782
"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".