I have my main home mortgage which is held by a major bank and IS being reported to the 3 bureaus. I also have bought 3 Rental properties and all 3 mortgages are through a Credit Union. the Credit Union does not seem to report, as none of these are showing on my Credit Report, even after several years.
I have a credit score between 700-720, with no late payments, no negative items, many accounts paid in full including prior mortgages and car loans, and a lengthy credit history. It appears the only thing holding me back is that I have over-utilized my credit, or have a few cards and accounts that I am carrying a 60-80% balance on.
My question is this....... Would it help my score or hurt my score if I had the 3 mortgages from the Credit Union being reported. This would give me a total of 4 mortgages, all having on time payments and several years of history, but it would also increase my debt????
Any advice would be appreciated.
