topic Re: Lenders can't see my score in General Credit Topics

Lenders can't see my score

Anonymous — Fri, 14 Dec 2012 00:59:10 GMT

I'm currently under contract for a pending short sale, and was preapproved for a mortgage loan as of February of 2012. I (stupidly) paid off my auto loan, which was my last open tradeline, so as of now, lenders cannot see my credit score. I went to my credit union and opened a secure credit card, and I'm wondering if it will be enough to make my score reappear once they report it with only one month of history on the account.

I need my score to reappear so I can get my mortgage loan. Any Ideas?

Re: Lenders can't see my score

llecs — Fri, 14 Dec 2012 01:45:49 GMT

You did all that you can do. One of the FICO scoring requirements is that you have at least one account open and reporting for the last 6 months. You already have the length of history but I'm not certain if adding another will automatically create a score. Maybe. Definitely keep the CU CC and check your FICO scores once it reports.

Re: Lenders can't see my score

Anonymous — Fri, 14 Dec 2012 03:20:32 GMT

So there isnt a separation of those two requirements? I have to have a current account open at least six months, or have one in my history open at least six months, while having a current one reporting in the last six months?

Re: Lenders can't see my score

llecs — Fri, 14 Dec 2012 03:25:54 GMT

I don't know. Try pulling again once it reports and then you'll know the answer for sure.