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Established Member
bandlp08
Posts: 30
Registered: ‎01-07-2012
0

How long do we have to wait to see a change????

Ok Im going to make this as short and sweet as I can.  Hubby and I are looking to buy a house. I called the lady at the bank after they pulled our reports. She didn't say what my scores were but said they were ok. Bad news was my husbands were between 555 and 589. Mine can't be too far from there.  We filed for bk 3 years ago this past AUG 17th and it will be discharged for 3 years as of NOV 25th.  Since then  He was able to finance a truck and between us we have  about 16 credit cards. They were pretty maxed out. That's what she said would be stopping us from getting the home.  We came straight home and paid them all down to 30%. How long will it take to see a change from that.  All together we paid about 4000 out to get them down to 30%.  Thanks for your help!!!!!

BK7 7/2009 EQ512
5/2012 EQ562/TU576
01/2013 CK 602 Walmart TU 627
Goal: 675 Across the board!!!!
Cap1 750/ Cap1 Biz 750/ Sony 500/ Orbitz 750/ Merrick 900/ RRFCU 500/ Credit1 600/ Orchard 320/ FP 300/ Firestone 2200/ Walmart 600/ Barclay NFL 500/ Maurices 250/ Kays 2200/ Amazon 300/ Paypal Smart Connect 500
Regular Contributor
ninjamike81
Posts: 208
Registered: ‎08-16-2012
0

Re: How long do we have to wait to see a change????

[ Edited ]

your accounts  should report the new balances as the statement cuts. Will take the CRA's a couple of days to update there info  also you should see a score increase due to you utilization being lower. 


Starting Score: TU 583, EX 683, EQ 653
Current Score: 10/12/14 TU DISCOVER FICO 743 LENDER PULL 9/24/2014 EQ FICO 751 EXPERIAN 757
Goal Score: 750

WALLET: CAP ONE UNSEC $2000, WALMART $3800, CITI SIMPLICITY $2600, DISCOVER IT $2000, BBRZ $2200, AMEX BCE $10,000 KAWASAKI GOOD TIMES CARD $21,000

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