Regular Contributor
Iincognito
Posts: 181
Registered: ‎04-21-2010
Re: Monthly Payment on EX reports...should be $0...not

‎11-14-2012 04:50 PM

 

 

haulingthescoreup wrote:
llecs wrote:

OP, same happened to me to come mortgage time. I didn't say anything to the lender, but none of the listed minimums on $0 balanced accounts were included in DTI. Post calculations, the lender told me their software automatically excludes these accounts.

Good to know.

 

Maybe the tweaking isn't necessary after all! :smileywink:

Bringing this thread back to life since I am considering apping for a mortage in the near future....

 

I like what I am hearing that $0 balance revolving accounts that report minimum payments are not taken into a DTI consideration, however I would be curious to know if the Experian scoring system excludes minimum obligations on zero balance accounts for scoring purposes -- meaning does the score "drop", even by a few points, if you have a minimum payment showing...

Current Scores (as of 04/22/13): EQ FICO=795; TU FICO =766; EX =763

BankAmericard Cash Rewards ($20,000) | Amex Platinum (NPSL) | Amex Clear ($20,000) | Amex Blue Cash ($2,500) | Chase Freedom ($11,000) | PenFed Platinum Cash Rewards ($5,000) | Barclaycard Apple ($5,000) | Discover More ($6,500) | BankAmericard Cash Rewards [Authorized User] ($15,000)
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