Credit Score Increase and Mortgage

Anonymous · ‎10-09-2018

My current credit scores are TU 589, Equifax 522 and Exerpian 603. In Auguest a lender pulled my scores and they were TN 577, Experian 544 and Equifax 523. The lender indicated that my middle was 544. As of this month I have the followig on my CR: car loan $532, Dept of Edu $26, 827 (payments deferred until 2020), LVNV Funding $654 (making monthly payments), NCC Services $3431 (making monthly payments), United Consumers $144 (paid), Transworld Sys Inc/33 $183 (paid), Transworld Sys Inc/33 $61 (paid), Transworld Sys Inc/33 $61 (paid), Meridian Financial Mgmt $123 (paid), Meridian Financial Mgmt $676 (making payments) Captial Bank (Carson Smithfield LLC) $153 (paid). There are three outstanding collections I am working to pay off. I've sent letters to United Consumers, Captial Bank and Meridian asking for "Goodwill Adjustments". I also obtain a Captial One card in Aug to establish a creditable payment history in order to obtain a mortgage.

Having stated all of the above, what suggestions or guidance would anyone have to increase my scores?

Thanks so much in advance for all assistance

Anonymous · ‎10-09-2018

Removal of those major baddies needs to be Priority Number 1.

It sounds like you're on the right track, having sent a few letters for GW adjustments. I'd suggest sending a ton more letters, though. To read about this, known as the Saturation Technique, check out the thread linked below.

http://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/The-Saturation-Technique-Best-GW-adjustment-o...

Anonymous · ‎10-10-2018

Great plan!!! Thanks so much for this advice. My first real round will be going out on Monday.

Thanks again!

SouthJamaica · ‎10-10-2018

@Anonymous wrote:
My current credit scores are TU 589, Equifax 522 and Exerpian 603. In Auguest a lender pulled my scores and they were TN 577, Experian 544 and Equifax 523. The lender indicated that my middle was 544. As of this month I have the followig on my CR: car loan $532, Dept of Edu $26, 827 (payments deferred until 2020), LVNV Funding $654 (making monthly payments), NCC Services $3431 (making monthly payments), United Consumers $144 (paid), Transworld Sys Inc/33 $183 (paid), Transworld Sys Inc/33 $61 (paid), Transworld Sys Inc/33 $61 (paid), Meridian Financial Mgmt $123 (paid), Meridian Financial Mgmt $676 (making payments) Captial Bank (Carson Smithfield LLC) $153 (paid). There are three outstanding collections I am working to pay off. I've sent letters to United Consumers, Captial Bank and Meridian asking for "Goodwill Adjustments". I also obtain a Captial One card in Aug to establish a creditable payment history in order to obtain a mortgage.
Having stated all of the above, what suggestions or guidance would anyone have to increase my scores?
Thanks so much in advance for all assistance

I think you're doing the things you're supposed to be doing. Keep on going the way you're going and things will pick up.