TU 658 - need 670 in three weeks

[atlastontheroad]

Ok, so I'm greedy.  The 658 score that I was so thrilled with is just 12 points short of the CU's 4.99% car loan rate.  I pulled up myFICO today at my CU for my level one loan person and imagine my shock hearing "Those are really pretty decent scores based on what you told me 3 months ago!"

They will pull TU, which is my cleanest report.  I need to "find" a minimum of 12 points between now and May 29th when the last of my statements post.  The salient details:

Currently:                                                            On the 25th, will have:

1 Inq from 8/07                                                    1 Inq from 8/07

5 accounts with balances                                   2 accounts with balances (one CC and mortgage)

CL = 12,500                                                        CL = 13,000

Outstanding CC balances = 3410                     CC balances =  2000

DTI = 30%                                                            DTI = 27%

No derogs other than lates (most are ancient, the recent ones I may have to recon)

TU hates balances, I will have zeroed out three of five.  UTI decreases from 27% to 15%.

Yeah, I know it's only half a percent difference in the note.  Yeah, I know I'm going to take a ding for the inquiry and the new installment loan in June/July.   At this point, it's a matter of principle (pun fully intended) and (renewed) pride.

Having reached a point where not much else is going to heal my scores but time, I need a guess: are the 12 points possible?

atlast...

Message Edited by atlastontheroad on 05-05-2008 08:08 PM

Message Edited by atlastontheroad on 05-05-2008 08:36 PM

Message Edited by atlastontheroad on 05-05-2008 08:36 PM

[Anonymous]

GW all your lates, ask the inquiry removed, and drop uti if you can.

[atlastontheroad]

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fender wrote:

GW all your lates, ask the inquiry removed, and drop uti if you can.

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If there weren't a time crunch, GW'ing would be an option.  The inq is legit, I have no reason to ask for removal.  UTI will dip below 20% from 27%.

What I was asking was if the changes appeared to be significant enough to push me up a minimum of 12 little points.

atlast...

[Anonymous]

Getting the UTL UNDER 20% will be 10 to 20 points-

[Anonymous]

Ah i skimmed through that too fast.  I would be shocked if that didnt get you 12 points!  But who knows what their weird algorithm will come up with.

[Anonymous]

i think you stand a pretty good shot at getting the 12 points. However, you will be waiting on your CC's to update your new balances and that may not happen by the 25th. Do you know when your CC's report to the CRA's?

[atlastontheroad]

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Moobs wrote:
i think you stand a pretty good shot at getting the 12 points. However, you will be waiting on your CC's to update your new balances and that may not happen by the 25th. Do you know when your CC's report to the CRA's?

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The three statements that should close with $0 balances close on 5/16, 5/16 and 5/19.

Probably cutting it close, eh?

atlast

[Anonymous]

if I were you I would prepay your cc bill if you can, but leave 1% balance, don't pay it all off.  For example, if your limit is $1000, leave $10 on there.  For some reason, FICO likes to see a small balance rather than no balance.   For me, it's about a 10 point difference.

Do not leave more than 10% on the card if you want optimal scoring.