Rebuilding Your Credit

[bullitt149]

I started the rebuilding process coming up on six weeks ago. After reading countless hours on here I did the following:

Disputed negatives on report (some have come off already, and waiting on others )

Paid revolving credit line down to 19% util

Convinced Honda to delete most recent late (oldest is now 8 months ago)

Had wife add me to perfectly paid Discover acct that is 5 years old

Opened Cap One secured card and will PIF

Found on my report that Trans and Exp were showing open auto that was paid off 6 months ago leaving me with 3 open autos on both reports. Credit union updating and should be correct on a couple of weeks.

My scores have come up aprox 60 points in the 6 weeks since I started, however I need another 50 or so to qualify for a home loan. Anyone have any other ideas on how to get the extra bump that I have not as of yet. I should get something from that auto reporting correctly, and with other baddies coming off, but I'm running into a time crunch on this home loan. Any advice would be greatly appreciated.

[Shogun]

Pay down your util to 9% or below, but not to 0% and you should see another bump.

[bullitt149]

Thank you Shogun. I will do that right away.

[bullitt149]

Update
Credit Karma updated the auto loan as paid and bumped there FAKO score 4 pts. Any ideas on what the real bump should be?

[Shogun]

No idea, my Creditkarma is over 80 points lower than my FICO score.

[bullitt149]

Good to know.

[jadeite788]

drop that credit card util below 9%, I saw the most when I got 1%.

[bullitt149]

Thanks Jadiet788,
I will pay it down to the 1% before it reports at the end of the month.

[bullitt149]

Update!
6 baddies just came off and credit karma went up 25 points and transunion score sense went up 32!
Very excited now!

[NewbieReed]

NICE!