Here is my dilema:
I have been trying to refinance for a year or so and keep running up against the road block of credit score. When I bought my house in Aug 2009, my credit score was roughly 670. I had just paid off a delinquent charge of ~$800 in Jan/Feb of 2009 (6 months prior to buying my house). I had no credit card debt in Aug 2009, but I did have two car loans. When I checked my credit, it told me I had about the same scores the mortgage brokers told me I had ~670.
Fast forward to now - Feb 2012. I have no credit card debt, paid off both car loans, have the same credit cards that I did have back then, and have had 3 years of time between the delinquent charge and no additional issues. My credit score has stayed the same, or possibly gone down a bit when the mortgage lenders pull the score, but I paid for a FICO score a couple months ago and it said that it was 720-750. It is baffling to me that it would still be in the 650 range after 3 years of paying off that debt and having no other debt.
Any advice?
