I started a thread a few years ago called "Road to perfect from 490" and can't seem to respond now, so if you feel like looking it up... The idea was that I came from 490 to 759 after 7 years of ignoring the calls. Everything was maxed. I'm still near the same score and have been trying to add higher limits(basically).
I tried to buy a house shortly after obtaining a paltry amount of credit. It was 50k and I had 10k in the bank for a deposit. Got denied for lack of income. Problem was, I thought, my income was about 17k on the books from bartending. Turns out it could've been a "thin" profile as well. Lesson learned and I claim every penny I make now (maybe 35k).
I've added a LOT of information in my signature and hopefully this can help someone or someone can tell me my next step to get to exceptional credit and a home loan.
I know that i need a loan of sorts for credit mix. I was planning to do the Alliant Credit union SSL trick so I started a checking/credit account with them. That died, but it seems I should still get my loan through them.
For the newer folks: I mistakenly got the PayPal line of credit and not the card. They couldn't change this over the phone.
In good news, Bank of America not only gave me a credit limit increase during having a secured card, they switched it to a normal cash back card.
As of today I have 5 sources of credit and acccoring to Experian, 5 is the magic number. Time will tell.
Do you know your TU4 or EQ5 score? If it's in line with your EX2, then you should good on that front.
Here's a link to your previous post for the future readers. Road to perfect from 490
As far as obtaining exceptional credit score, you have utilization optimized at 1%. You just need time, and lots of it to age your accounts.
For your reading pleasure from Birdman7
General Scoring Primer and Version 8 Master Thread rev.5.17.20
I
@AllZero wrote:Do you know your TU4 or EQ5 score? If it's in line with your EX2, then you should good on that front.
Here's a link to your previous post for the future readers. Road to perfect from 490
As far as obtaining exceptional credit score, you have utilization optimized at 1%. You just need time, and lots of it to age your accounts.
For your reading pleasure from Birdman7
General Scoring Primer and Version 8 Master Thread rev.5.17.20
didn't know those scores existed until now. Perhaps I will look into them tomorrow.
EX2 + 3 Bureau scores and reports for $1 at Experian or CreditCheckTotal (part of Experian). Cancel in 7 days or less to avoid the reoccurring charge.
TU4 WyHy quarterly score. Not sure on membership requirement. Maybe hard pull TU?
or Free TU Mortgage Score from Better Mortgage.
EQ5 Get a savings account with DCU. Soft pull EQ to be a member. Free monthly score.
You can also obtain your 3 bureau mortgage scores at FICO Advanced . Cancel plan after you obtain your scores and reports to avoid re-occurring monthly charge.
Rad, will definitely look into all of that.
@AllZero wrote:
EX2 + 3 Bureau scores and reports for $1 at Experian or CreditCheckTotal (part of Experian). Cancel in 7 days or less to avoid the reoccurring charge.
TU4 WyHy quarterly score. Not sure on membership requirement. Maybe hard pull TU?or Free TU Mortgage Score from Better Mortgage.
EQ5 Get a savings account with DCU. Soft pull EQ to be a member. Free monthly score.
You can also obtain your 3 bureau mortgage scores at FICO Advanced . Cancel plan after you obtain your scores and reports to avoid re-occurring monthly charge.
Home ownership and limits that are high enough that that I can do all of my spend on CC's for cashback and keep
@AllZero wrote:If home ownership is a goal, if you have not done so, check out the
low. And perhaps the fabled: run a high limit, max it and cash out for retirement.
Got the TU4 f/m Better.com(737) and pre-approval for 220k loan. Not bad...
Signed up for DCU but having some password issues. I'm going to give it a little time so I don't get locked out.
RE: DCU. Wait for the PIN. They USPS mail it to you.