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I have been visiting the forumns for the past few months as I have been trying to raise my scores for a mortgage. About 3 months ago I went to see about a mortgage and was told my middle score was 575. I had a few lates on nelnet and a couple accounts in collections. I disputed the collections and they were removed. Nelnet will not take off the lates. I applied for 3 credit cards because I read it is best to have 3 for rebuilding. First card reported and my scores went up to 644 (myFico EQ). Second card hit and score went down to 640. Both of these are currently reporting 0 balance. Third card has yet to hit. Will this thrid card decrease my score even more? Will it help if I let it report a balance with 9% utilization? My current lender pulls are EX 626, EQ 631, and TU 630. Is there any other way I can get my scores up ten points quiclky? I only have student loans and no collections.
Let one of them report a small balance, see what that does. FICO doesn't like $0 util.
Well myFico scores went up ex 661, eq 644. But lender scores went down! Guess I'm screwed for the next year and have to find a rental. Credit sucks!