How to raise credit score??

[Kgilliam]

My husband and I are trying to buy a house within the next few months. We are going with a VA loan so our scores need to be a 620. Mine is currently 586 and his is 588. There are several things not showing as paid (everything is paid), but should be soon. I did manage to get LVNV off my credit report!! My FP CC is still showing a high Utl, but it is about 40% now...still working on that. I unfortunately have 9 public records showing up. 1 bankruptcy (falls off in Dec. 2014), 2 tax leins (paid) and 6 judgments (one will fall off in July 2014). My capital one CC is not showing up on my credit report yet, but I've had it for almost 3 months so it should be soon. I'm just wondering if anyone knows anything we can do to help raise our score. We do have a PL and an Auto Loan. Also, just opened an account with NFCU yesterday! Any help would be appreciated!

[user5387]

Welcome to the forums!

One thing I'd recommend at the outset is to make sure that the scores you are getting synch up with the scores used in the mortgage business.

This typically means the 04 scores, available on a long-term basis from DCU and PSECU, and more immediately from the EQ site (FICO Score Power product).

Beyond this, the next thing that occurs to me is looking at utilization, both overall utilization of your revolving accounts, and individual account utilization.  If you can give more details of individual balances / limits, it would be helpful.

[Kgilliam]

We are currently working with the VA Lighhouse program, and the scores she gave me for me were 560 and 581. Both CC that I have are $300 limits. My car loan is 29k and I have a PL for 3k.

[SunriseEarth]

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@user5387 wrote:

Welcome to the forums!

One thing I'd recommend at the outset is to make sure that the scores you are getting synch up with the scores used in the mortgage business.

This typically means the 04 scores, available on a long-term basis from DCU and PSECU, and more immediately from the EQ site (FICO Score Power product).

Beyond this, the next thing that occurs to me is looking at utilization, both overall utilization of your revolving accounts, and individual account utilization.  If you can give more details of individual balances / limits, it would be helpful.

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+1 to UTIL.

Since you have two CCs with $300 CL, I would make sure one always reports a zero balance and the other posts a balance of <$30 for score optimization.