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Creditworks vs. MyFICO

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SouthJamaica
Mega Contributor

Re: Creditworks vs. MyFICO


@Anonymous wrote:

Yeah, Trudy's was an answer I was looking for. I do have the EX app + TU from Discover + EQ from CK/Citi. I'll probably be good for now. I may actually use one of the subscription services when it gets closer to actually buying a house. Thanks everyone!


When you get close to buying a house you should get the expensive MyFICO product, or at least monitor your EX mortgage score in real time with Creditworks.


Total revolving limits 657200 (536700 reporting) FICO 8: EQ 712 TU 710 EX 708

Message 11 of 14
Anonymous
Not applicable

Re: Creditworks vs. MyFICO

I agree 100% with SouthJ about how the myFICO product is the undisputed right choice for mortgages.  He and I (and BBS, etc.) have really been staying on message about that.

 

And in fact, the very best way to prepare for a mortgage is to huddle with folks here (which costs you nothing) and get advice well in advance.  I realize that buying a house might be a long way off, but if you had to make the roughest guess, when di you think that could be?  E.g. six months from now?  12-18 months?  Three years?

Message 12 of 14
Anonymous
Not applicable

Re: Creditworks vs. MyFICO


@Anonymous wrote:

And in fact, the very best way to prepare for a mortgage is to huddle with folks here (which costs you nothing) and get advice well in advance.  I realize that buying a house might be a long way off, but if you had to make the roughest guess, when di you think that could be?  E.g. six months from now?  12-18 months?  Three years?


Probably a good 1.5+ years. I'm set to graduate next May, so it won't be before then.

Message 13 of 14
SouthJamaica
Mega Contributor

Re: Creditworks vs. MyFICO


@Anonymous wrote:

@Anonymous wrote:

And in fact, the very best way to prepare for a mortgage is to huddle with folks here (which costs you nothing) and get advice well in advance.  I realize that buying a house might be a long way off, but if you had to make the roughest guess, when di you think that could be?  E.g. six months from now?  12-18 months?  Three years?


Probably a good 1.5+ years. I'm set to graduate next May, so it won't be before then.


Good. So the key things to remember are:

 

1. It's not good to add new credit, running up to a mortgage. The best thing you can is garden. The older your accounts the better.

 

2. When you get within 3 months of your mortgage application, go into AZEO mode if you haven't already... i.e., let one card report a small balance, while the others report a zero balance. Stay in AZEO mode until after the closing.

 

Those are the 2 best things you can do, which are under your control, leading into a mortgage... other than of course the usual -- paying your bills on time Smiley Happy

 


Total revolving limits 657200 (536700 reporting) FICO 8: EQ 712 TU 710 EX 708

Message 14 of 14
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