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Update! Need a 20 pt boost FICO

Re: Need a 20 pt boost FICO. Help please


@xaximus wrote:

@PineappleMan wrote:

We are in the mortgage lending process and I need a 20 pt boost. I think my best bet is to update my info and pay down my utilization. Any advise? Should I take me off as an AU from my wife's cards? She is not on the mortgage loan application. I have $5000 I can use to pay down debt.

Here's my balances:

1. Line of Credit at credit union: $13,026 bal/$30,000 CL (43% util)

2. Citicard: $3,945 bal/$11,000 CL (36% util)...wife's card, I'm an AU

3. Amex: $2901/$6000 CL (48%)

4. Amex: $931/$13500 (22%)...wife's card, I'm an AU

 

 

My major derog is the short sale that is to fall off this Sept (Experian), Nov (Transunion) with M&T bank. I've submitted a "dispute" to see if they'd do an early exclusion. I'm waiting for results.

  


I would pay the following - 

 

1. Line of Credit at credit union: $13,026 bal/$30,000 CL (43% util) -  $1500, this will bring utilization down to 38%

2. Citicard: $3,945 bal/$11,000 CL (36% util)...wife's card, I'm an AU - $1000, this will bring utilization down to 27%

3. Amex: $2901/$6000 CL (48%) - $2500, this will bring the utilization of this account down to 6%

4. Amex: $931/$13500 (22%)...wife's card, I'm an AU - This amount doesn't add to 22%, it's more like 6%.

 

If you don't want to pay the debt's on the DW cards, then I would suggest paying down the CU CC and Amex. 


Thank you for your helpful response!

Message 11 of 13
Frequent Contributor

Re: Need a 20 pt boost FICO. Help please

It may be worth writing a couple GW letters. Those lates are still affecting your score even though the accounts are closed.
Just wandered out of the garden April 16, 2018 to get pre-approved for a mortgage. Intend to take care of this quickly and be back in the dirt before long.
Message 12 of 13

Re: Need a 20 pt boost FICO. Help please

I tried but no luck

Message 13 of 13