Super Contributor
Posts: 5,712
Registered: ‎10-06-2007
Re: Credit Counseling and FICO Score

I do not know how my scores were effected while I was in DMP but the biggest effect on my score back then was CC util.  IMHO I didnt think DMP had any effect on my score but I was able to get a mortgage while in the program.  worst case you could refi once you complete the program since as you pay down the debt, your scores will go up and depending on your negative information, 5 years of DMP will add 5 years to any derog which might also help as well.


Be carefull if you have any BofA products in DMP since they kicked me out of the program when I got a sams card which lead to a major derog which I have to wait 3 more years for it to go away.

03/21/2016 FICO: EQ: 772 EX:773 TU:779