How can I increase my fico score 6 pts for refin.

[chasincredit]

Hello, everyone,

I am looking for serious advice I went for refinancing at the beginning of this month only to find out that I need 6 points to secure the refinancing ...funny thing is that's to reach a credit score of 600. Any advice would be helpful I currently have a car loan, mortgage,personal loan, student loans and a credit card.Now, here's the task is there anything I can do to obtain 6 points in 2 weeks time?

Thanks for the help in advance

[Anonymous]

well, I would say that if your credit cards had balances on them you could pay the balance way down and it might boost you 6 points but that wouldn't report until next month though.

[Anonymous]

If you have a single credit card and are able to do it financially, report a balance of 3% or under on your next statement. That won't be reported to the bureaus until after the statement posts though.

Are any of your accounts about to have birthdays soon?

[Junejer]

Just one twist on what the others have posted. Get that CC balance to report under 9% and then you can try for rapid rescore, if you need to get approved right away. Rapid Rescore is going to cost about $35 or so.

[chasincredit]

My car note is due on the 10th of this month but i paid the note on the 5th of this month. All my other debts are due at the end of the month. 

[Junejer]

You can still pay the CC earlier than the due date to get it to report a low balance. The installment accounts do not really matter for rapid rescore. What is your current util on the CC?

[chasincredit]

I've heard a little about rapid rescore that will benefit me with the debts that I have paid just recently right? 

[Junejer]

Rapid rescore is typically only going to work on your CC debt. That's because you will see little to no movement for paying an installment-type loan on time from month to month.

What is your current CC balance and the CL on the CC?

[chasincredit]

My cl is small $300, there was just a payment due on the 4th of this month. I charged $99 on it but I paid that off before the due date.Currently,I owe $15 on it.

[llecs]

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markscott wrote:
My cl is small $300, there was just a payment due on the 4th of this month. I charged $99 on it but I paid that off before the due date.Currently,I owe $15 on it.

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If that CC charges fees or charges you to pay online, then I would pay a lot more to cover that. And if you can delay the financing by a short while, then I bet you'll see an increase if you were to add 1-2 other cards, or at least a store charge card. I started at 0 CCs last August and saw large gains when I added my first 3 CCs, with one being a charge CC.