FINALLY!!! I got to 640, my magic number, BUT....

[Tooliebell]

I am still worried that it is not enough.  I was told by the lender I am going to go with I needed a 640 to get the construction loan.  When I started my journey last July my scores were:  TU 502,  EQ  487, EXP 592.   As of yesterday my TU score was 640, EQ(from a month ago) 620, EXP ????

Would I be safe to say since my EXP score was so much higher than the other two back then, I should have at least a 640 there?    I am also worried that the lender will pull a TU 04 score which I have heard can be very different from the score we get here.  I was hoping to get to 640 on EQ and then I would feel good knowing this is the same score the lender pulls.  I don't want to get my hopes up on this and get shot down. 

What do you think?

[llecs]

I would make the assumption your lender would pull a TU04 and aim for a higher TU FICO. Don't rest at the minimums. Anything can come up at the last second or bobble like util and that can put you lower if it hurts enough. Who knows...maybe your TU04 is higher (DW's was 30+ higher, mine was lower). Besides, always aim higher. Make your personal goal 700 and then you'd know for sure where you stand with regards to approval. And you may want to pull EQ too to see where you stand, especially if anything changed like util.

[BrownSugah66]

I'm sort of in the same position in that I am wanting to reach a TU and EQ FICO score of 660+ before applying for an auto loan. I have recently decided to hold out until my FICO scores reach at least 675 before doing so....just to have a little safety cushion. 

[MissMia75]

Tooliebelle,

I too happen to be in the same situation.  I am currently at a 575 in EX and will have 4 recent collections deleted by way of PFD's.  But my concern is will ot get me to the 620 mark that I need.  it is so tricky with the way these creditors work so I am not sure.  Hopefully one of the vets will chime in on this one.

[mocha82]

+1.  I am also concerned b/c my scores are differ quite a bit TR 641 EX 593 and EQ 590.   I have an error on my equifax report that i am working on correcting....

[Anonymous]

I had to get my middle score to a 640 before they would start my loan.  I did manage even with my EQ staying at a 547 (did rapid rescore on TU and EX only) - however on here my TU was a 660 and from my lender it was a 648.

[CS800]

The dilema here is that the TU score on here is TU98 and not the newer TU04. It would be wise to see what your lender pulls.

I have heard anything from TU04 being lower or higher than TU98.

So before applying for a mortgage, make sure youy ask your lender since this might affect your middle score. To be safe just try to get your TU score that you get here to at least 670 to be safe.

[Booner72]

Congrats on the 640!  Woo Hoo!  I would say it is probably safe to say your other score is high enough since historically it has been higher as long as nothing negative has affected it.