I recently discovered this great site and have been reading everything possible to get educated on this FICO system. Now I reach out to you "experts" for advice.
I am closing on a new home at the end of June. I have yet to apply for my mortgage as my EQ score is 655 (as of 4/11/08), and I am hoping to get that up to at least 680. Here is a brief summary of my situation.
I had a 4 year old CO on an auto loan that lender just agreed was a mistake and removed 2 days ago.
I had a 90 day late early this year on a Chase CC. Totally my fault - it was the darn residual interest on a cc balance that was paid in full, and I just ignored it, thinking it was paid off. Tried calling Chase several times to ask them to remove it. They said legally they cannot.
I have paid cc's down to get UTL from 25% to 5%.
questions:
1) do i write a GW letter to Chase, and even if it works, will it get removed within a week or so? I really want to get my mtge app in
2) can I dispute it? will that get it off my CR for 30 days?
3) do i just hope the CO removal and the lowering of my UTL gets me to 680?
thanks in advance for all the help.