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@dreamy10250 wrote:okay I'm back my equifax is 618, transunion 626, and transunion, 629. I would like to be at 700 before I apply for a mortgage. I have officially paid off all the baddies. I still have $105 balance on capital one credit card and $802 on a closed merrick card. I know once i pay them down I will see a score boost I hope. I have a question should I apply for a credit card or leave it alone.
Congrats on the boost! You're heading in the right direction. Applying for a new account depends on when you plan on applying for a mortgage. You need at least 6 months with no new accounts, and if its before then, you run the risk of not being approved and/or having to supply a LOE. Good luck and keep doing what you're doing!
I thought I would give an update my score is 655 I officially applied for a home loan I'm using VA. I'm beyond nervous and haven't heard anything yet. Please say some prayers and thanks for all the wonderful advice. I'm hoping it goes through for a new construction. I will keep you posted.
Nice update your getting there , ive been crazy busy trying to rehab a rental I have the people that was in it destroyed it so once I'm finished with it I'm selling !
@dreamy10250 wrote:okay I'm back my equifax is 618, transunion 626, and transunion, 629. I would like to be at 700 before I apply for a mortgage. I have officially paid off all the baddies. I still have $105 balance on capital one credit card and $802 on a closed merrick card. I know once i pay them down I will see a score boost I hope. I have a question should I apply for a credit card or leave it alone.
If you are going VA, you don't need to get your scores that high. At 620 you will still get good rates. I'm getting 3.75% with a midscore of only 617.
Do you know what your mortgage scores are?
So what happened????
Total CL: $321.7k | UTL: 2% | AAoA: 7.0yrs | Baddies: 0 | Other: Lease, Loan, *No Mortgage, All Inq's from Jun '20 Car Shopping |