New Member
Posts: 1
Registered: ‎04-17-2007
Re: How maxed out cards affect your FICO
Thanks for all the insight.  Hubby and I too filed for bankruptcy a few years back (2003) due to loss of his job. We are still in our home, but have had to refinance twice! We are trying to bring up our scores to get a good fixed mortgage rate next year. We only have 2 credit cards totalling $1050 in debt, but they are almost maxed. I have been doing like you did, paying more than minimum and always on time. What is the best course of action? Pay them at least 75% off asap? Money is tight, but it will be even tighter if we don't qualify for a fixed rate next year. How much could you expect our scores to increase? Also, any other things you can think of to bring them up? Thanks in advance, Chris.