I need 32 more points

[Anonymous]

About three months ago I was  looking for 50 point to get my fico score up  to 680 by March 08.  About 5 month ago my Experian fico score was my lowest score.  (low 600).  boy I was surprised to fide it to be at 668 now.   In march I want to refinance my mortgage,  I have only two CC, one with a 400 limit and a 800 limit. I know it is a no no,but my cards are at the limits.   In January I will have no problem paying them off.  I have 2 questions:   Now I am greedy and want a 700 fico score, Do you think I can get 32 point in 3 months when I pay these CC off or down to under 9% in January?   My second question, is better to have a small balance under 9% or a 0 balance on my credit Cards?

[fused]

Do you have any bad stuff on your reports less then three years old? Collections, lates, public records, etc?

[haulingthescoreup]

I'm not a good score predictor, so I won't try to go there. But definitely, not having two maxed-out cards will help.

Since you have two cards, only let one report any balance at all, and it should be under 10%. (I'm assuming that you know about timing your payments before your CCC's report to the CRA's.)

[fused]

If the OP has no bad stuff on their reports, their scores will soar.

[Anonymous]

I paid down one of my cards and my score jumped 25 pts. At the time I had a recent $58 collection. It just depends on your credit file or bucket, I guess.

[Anonymous]

I filed Bankruptcy in July 05 and discharged in Dec 06.   But no other negative information in over 2 years.

[Anonymous]

have you talked with someone about your BK and how that will affect your mortgage yet? try the mortgage forum on this site. i believe there are at least 2 mortgage professionals that check this site regularly: one mortgage man or guy(i can't remember) and shane.

[Anonymous]

Mortgage lenders generally look for twelve months good history after BK.  I think if the OP pays off one cardand brings uti way down on the other those 32 points are definitely in reach.

[rudy]

Think about increasing your lines of credit, not using them, just increasing them or adding other lines of credit ( DO NOT USE THEM, JUST ADD THEM.) That may help. Getting them under the 9 percent is almost the same as paying them off. 9 percent of 400 is 36 dollar. So either way, you will probably be in good shape.