No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
My mortgage lender told me the only way to get my Experian up is to settle a $1200 judgement. I have read everywhere that this will not improve my score but she assures me it will. Anyone been in this situation where a paid judgement helped scores?
It won't help your score, but I'm pretty sure an open judgment is an automatic denial for a mortgage.
Sadly there are some missinformed reps out there........We had a buyer years back who was very interested in purchasing. He only needed a few more points to qualify. The lender told him to pay off his auto loan to bring the score up (this was NOT a DTI issue). As you might expect, when he paid it off, his score dropped (only installment loan).
Do your research, don't take a lenders advice about credit scoring as gospel. There is a difference between what they tell you is REQUIRED to take care of and what they suggest will increase your score.
We require judgements to be paid off or you making payments to the judgement because they can take 1st lien of the property you're purchasing. It won't help your credit scores up and it may even lower it.