I know you can't predict what is going to happen with your FICO scores but if you want to play, Iwould really appreciate any insight.
I just got a copy from my lender on our FICO scores since we are trying to refinance our mortgage to include our HELOC.
Here their are(and I just got the scores)
EQU: 487 TU 502 EXP: 592 These were from 08/26, I had a dispute with TU resolved on 8/24 which I would assume the things fixed were done immediately. I had about 3 accounts deleted, and a couple with updated charge off balances to 0, so I am surprised my score was only 502 as it was 493 prior.
DH's
EQU: 541 TU: 528 EXP:549. I just disputed all his charge offs as paid and once those update I hope to see at least a 50 point increase as it will change his utilization.
So here is the question. We have a mortgage, a HELOC, a auto loan, and a 4 wheeler loan that is on a secured credit card. Those have all been paid on time for the last 8 months. Before that, we had 5 or 6 30 day lates on most.
I NEED my scores to be to the 620 mark at least by February or March so we can buy or build a house. Do you think with continual on time payments on all loans, and all accounts with charge off status changed to paid and the balance to 0, that is possible??? I want to believe so. I can if needed obtain a secured credit card, and I think my hubby could get an unsecured card as his scores change with this most recent dispute. He could then add me as an AU.
