Trying to buy a first time home

[Anonymous]

I checked our credit.. scores of 679-686  gave us a D.... we have 2 accounts that are over half of credit limit.. if i pay them both down under half owed.. how much will that bring up my credit?....

[llecs]

What are the balances and what are the CLs?

The score you saw was likely a Vantage score. Lenders don't use it. I'd ignore it and try pulling your FICO scores for EQ and TU to see the real deal. Your FICO scores could be lower or higher. Unfortunately, EX no longer allows consumers to pull their own score.

[Anonymous]

Balance on one is 4224.00 paying 1750.00 on the first.. with a credit of 4800.00  ... the second one is 5259.00.. also paying 1750.00 on the first .. with a credit limit of 6325.00.   and i got my credit score from Transunion

[llecs]

If you were to check your FICO score, you may find a 35 to 40 point increase.

[Anonymous]

With my credit score being at 686 and 679... what are my chances at buying a house?... hopefully i can get my points higher before i try in June.

[llecs]

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chollyalways wrote:
With my credit score being at 686 and 679... what are my chances at buying a house?... hopefully i can get my points higher before i try in June.

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Good if they were FICO scores. I'd hazard a guess and say that your FICO scores are lower. Lenders don't use the scores from TU and the score range goes from 501-990. FICO's range from 300-850. Before considering buying, try pulling your FICO score to at least see. I can't recount how many times I've read posters assume that a non-FICO score is close to the real deal, only to app and get denied or get stuck with a higher interest rate because their actual score is lower.

BTW, a great resource is Credit Scoring 101 .

[jackg]

When you say that your scores came from Transunion is it possible you mean True Credit? Either way they are not the FICO scores used by lenders