Community Leader
Super Contributor
Posts: 5,075
Registered: ‎03-06-2010
Re: Can Someone Tell Me.....

It would be best if one card reports zero (paid off) and the other one has a balance of less than 10% of the credit line, that way your husband will maximize his score. If he can get his bank to report his monthly payments on the auto loan that would be great. Just ask the bank, see what they will do. Just reducing the balances on the credit cards ought to help. Your husband might consider getting a Jared's card too if you aren't getting the mortgage for another few months. I say that because the Jared's credit people give very large lines and you don't need high scores to get a very good credit line. That will help your husband with his utility which will increase his score. The inquiry will give an initial ding that 's why I said do it if the mortgage application is not for several (6+) months.