My goal is to apply for a mortgage before the end of the year, but my FICO scores (middle and bottom) sit at 632. While my mortgage guy wants me to get to a 680 before applying for a loan, I'm not sure if I can get there at this current pace.
Here is my dilemma:
- EQ is not reporting a BoA account that I am an authorised user on. It has 10 years of history with no late payments. What should I do?
- TU is not reporting a GE/Home Design account that is currently being managed by a credit counselor. According to EX I have no late payments. EQ has me down for four late payments in mid-2011. I have a letter from the creditor stating that ALL derogatory information would be deleted, but this has yet to happen with EQ. I can't afford to have them investigate at this point. Should I have this account added to TU? I'm not sure how it will impact my score.
- I'm still waiting for TU to update my BoA balance, which dropped from $521 to $3 (credit limit is $1337). That should give me a few points as well. My other credit cards, which have an $18 balance ($250 limit) and $3 balance ($300 limit), have already updated for the month.
The BoA account does have a $1337 credit limit. It is not reporting to EQ, however. I guess I'll have to ride this out. I may be able to get to 650 by mid November.