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Credit drop disqualified me for mortgage- help please!

Established Member

Re: Credit drop disqualified me for mortgage- help please!

Actually I think 9% is the magic number from what I have read.
3/2012 Experian Fako 606 4/2012 Experian Fako 655
4-8-12 Equifax FICO 630 (myFico) 4-27-12 Equifax 657
07/2012 Experian Fico 657 Equifax Fico 660 Transunion Fico 684 (mortgage pull)
01/2013 Equifax Fico 689 (Scorewatch) TU 08 (Walmart) 696
Member

Re: Credit drop disqualified me for mortgage- help please!

Thank you for the input.

 

I can't do much about spending on the capital one card since it should already be reported. I can get a transaction in today on the Orchard Bank card (maybe a hefty $10 lunch or something- that would put that card at 3.3% utilization (but still only 0.16% utilization overall between the 2 cards).  Orchard Bank told me they report on the 10th, so we'll see if the transaction is reported this month or not.

 

Good thing I'm hungry.

 

And I'll do a "soft pull" next week, likely of just the EQ score.

Valued Contributor

Re: Credit drop disqualified me for mortgage- help please!

I would put a little more more on the Orchard Card, say a total of $90 so it shows as 1% utilization of your total available credit but is not over 30% of that single card.

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Member

Re: Credit drop disqualified me for mortgage- help please!

Well, after all this, my scores bounced back (and then some)!

 

Equifax: 637 (sep 2012) to 623 (dec 2012) to 657 (jan 2013)

Experian: 644 (sep 2012 to 621 (dec 2012) to 670 (jan 2013)

 

Hopefully, now its just crossing T's and dotting i's..

 

Thank you everyone for your help!