@Anonymous wrote:I am currently at a 638 middle mortgage FICO (Experian, so FICO 2). I have scoured my reports over the last months and corrected errors, so they are all accurate. I need a 640 to have more product options for my mortgage application I'll be submitting next week, and my score hasn't budged over the last few months. I am in credit building mode after having some issues several years ago, so I do have one new credit card on Experian that reported last month as opened, but with the timing it hasn't shown a payment made, just "account in good standing." My lender reports on the 2nd. Do you think showing my first credit card payment (utilization is under 10%) will move it two points? Under factors for Experian it's saying "too few accounts paid as agreed" because I only have two active accounts, and Experian is only reporting one that's got a payment, so that will go to 2 in a couple days. I know with FICO 8 it's looking for 6 ontime payments for credit history, but what about FICO 2? Any thoughts here? Any other things I should be looking at for a fast 2 point FICO 2 increase? Thank you!
1. The mortgage scores move slowly, not quickly.
2. You probably hurt, rather than helped, your mortgage scores by getting a new account.
3. You haven't given us much information, but if what you have is 2 revolving accounts, I would suggest letting one report a zero balance while the other reports a 6% balance.
4. It wouldn't hurt to send verification letters to the bureaus, trying to get some negatives to drop off sooner than they would otherwise.
5. And then I would suggest patience.
