rapid rescore

[annielorie]

Immediately get that card to report under 9% utiliuty  today if possible stop using it till you rescore also find out when they the cc reports to CRA and do the rapid rescore 3 days later check your own report to see it there (you wont lose anymore points)get on the phone and goodwill the ,dkf out of the two lates also send them letters priority mail then call again that is everything you can do and I mean everything!  Keep me posted.  And dont mention the mortgage to the cc companies just in good standing paid whatever lost job was very sick you get the picture now go make it happen and enjoy the knowledge that you will get the better loan and sav e yourself a ton of money.  DAY OF CLOSING: have one big fat margarita and put it on the CCGood luck!!!!!!!!!!!!!!!!!!!!!!!!!

[Anonymous]

---

@annielorie wrote:

Immediately get that card to report under 9% utiliuty  today if possible stop using it till you rescore also find out when they the cc reports to CRA and do the rapid rescore 3 days later check your own report to see it there (you wont lose anymore points)get on the phone and goodwill the ,dkf out of the two lates also send them letters priority mail then call again that is everything you can do and I mean everything!  Keep me posted.  And dont mention the mortgage to the cc companies just in good standing paid whatever lost job was very sick you get the picture now go make it happen and enjoy the knowledge that you will get the better loan and sav e yourself a ton of money.  DAY OF CLOSING: have one big fat margarita and put it on the CCGood luck!!!!!!!!!!!!!!!!!!!!!!!!!

---

+1

Pay this card down to <9% immediately.  After the payment has posted, have your lender include the CC in their rapid rescore.  You should see a pretty significant increase by lowering utilization from 34% to <9%.  There are generally two plateaus where score changes are noticeable, <30% and <10%.  You will be going under both of those.  Best of luck with your new house!

[MarineVietVet]

---

@annielorie wrote:

Here is how it works: The broker or loan officer will call the credit score provider and request that one of their experts review the credit report. Sometimes the borrower may also be included in a conference call. The analyst at the credit report provider gives his or her expert advice on what specific steps the borrower can take in order to raise his or her FICO. Recommended actions could include a borrower paying down credit card balances to a certain level or getting letters from collection agencies that show the debt has been paid.

Once the borrower has completed his or her part of the arrangement, the credit score provider will perform the Rapid Rescore. Most providers charge a fee for this, usually around $100 for all three credit bureaus. The Rapid Rescore takes about three days and the results are usually very positive.  At times, the Rapid Rescore can make all the difference in qualifying for a low interest rate.  Normally, if  you take steps to improve your credit score, it can take at least a month (and often longer) to have any actions you take to be reflected on your credit report.  Before your score is recalculated, negative items on your credit report could cause you to be turned down for a low interest loan. It could also result in your being approved for a loan, but getting a loan with a higher interest rate. Over the course of your loan, a higher interest rate could cost you tens of thousands of dollars.

---

Hi annielorie,

It looks like this might be copied from another source. Due to copyright issues we'd like to ask that anyone who posts an article either post a summary, or the first few sentences or paragraph of the article they are siting and the link to the article. Of course it's fine to add anything additional on your own, and invite questions or conversations based on the article.