Since you don't have much time at all, the only way I see to get a quick point bump is to optimize your utilization and reduce the number of accounts with balances(if applicable). Some creditors will do an off cycle report upon request.
How many revolving accounts do you have? What are their balances and credit limits?
I have a lawnmower with farmers which is current and up to date. Will pay that off to keep my debt to income ratio under 43%
3 credit cards discover which is @ $350/$2700. 2 capital one cards which one is at $3.55/$700 other is $0/$700
Is the lawnmower considered a revolving account or an installment loan? If it is revolving then perfect pay it off. If it is an installment, report back before doing anything.
The $3.55 on your Capital card, I'm only concerned about your statement balance(this is what is reported to the bureaus). I need to know what Capital One has reported on your reports. This makes free services like Credit Karma very nice but do not follow their advice or their scores.
Capital One to my knowledge doesn't do off cycle reporting but Discover does. If that $3.55 did get reported to the bureaus then that would be great. I would then immediately pay off the Disco and call to request that they update your balance to the bureaus.
If you can get all cards below 9% utiz it will help. Don't worry about vantage scores only whatever the lender uses Get a cct membership it will I believe show many types of scores.
Yes The lawnmower is a revolving payment which we are going to pay off to keep my debt to income ratio down anyways. Actually waiting on the go ahead from my loan officer to pay the balance off. Only reason we have held out was to have the funds to show we have cash for closing if need be. Weve had to extend a few times and each time it's been a fee added on And yes capital one JUST cut a statement for me for $3.55 this afternoon the other capital one statement was $0.00
Ok the statement balance is $3.55 which is obviously very small. Even though you owe them $3.55 before your payment due date, some creditors may report that as a 0 balance since the amount is so small. I'm not familiar with Capital One's policies regarding this so I ultimately need to know if $3.55 or 0 has shown up. Check something free like Wallethub which does give daily updates on Transunion reports. You may see the results in 3-5 days if I had to guess.
Ideally, you would want all of your revolving accounts at 0 and the Capital One reporting $3.55 the get the most points on such short notice. However, if Capital One reported your balance as 0 instead of $3.55, then paying off your other accounts to 0 would result in about 15 point drop because that is the average penalty for having 0% utilization showing. Hope this helps.
What kind of USDA loan is this ? Direct or Guaranteed ?