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Hi everyone! I hope some can help.
I am currently trying to raise my mortgage middle score by 1 point!
EX 701
TU 679
EQ 660
Revolving Credit:
Discover 500 limit 25 balance 5%
CO 400 limit/15 balance (just paid to 0 today) 4%
NF 1000 limit/ 10 balance 1%
Car Loan 14k balance
Student Loans - deferment
My aggregate utilization is 10% with what reported last month.
No collections!
Do you think getting my aggregate below 8.9% will give me that one point I need from TU?
@AllZero wrote:@Anonymous Which one has the next earliest closing date Discover or NF? Pay to zero that card. Seek AZEO All Zero Except on card reporting a small balance will get you there and then some.
Discover closed on the 6th.
CO closes today (just paid that to 0)
NF closes on the 22nd
ive been reading about that! I'm definitely doing that as well.
@Anonymous wrote:
@AllZero wrote:@Anonymous Which one has the next earliest closing date Discover or NF? Pay to zero that card. Seek AZEO All Zero Except One card reporting a small balance will get you there and then some.
Discover closed on the 6th.
CO closes today (just paid that to 0)NF closes on the 22nd
ive been reading about that! I'm definitely doing that as well.
The CO at zero will probably get you there.
For a few dollars more, paying to zero the NF, you should get extra points for a little score padding in case you need it.
AZEO would accomplish all you need and then some. By doing that you'd take what you said was an aggregate utilization of 10% down while also going from all cards with a balance to one. Those changes should be good for a good 10-20 points, much better than the 1 you need.
Could pay off Discover instead of NF to 0, and call in for a mid-cycle report, if it needs to be faster
@Anonymous wrote:Hi everyone! I hope some can help.
I am currently trying to raise my mortgage middle score by 1 point!
EX 701TU 679
EQ 660
Revolving Credit:
Discover 500 limit 25 balance 5%
CO 400 limit/15 balance (just paid to 0 today) 4%
NF 1000 limit/ 10 balance 1%
Car Loan 14k balance
Student Loans - deferment
My aggregate utilization is 10% with what reported last month.
No collections!
Do you think getting my aggregate below 8.9% will give me that one point I need from TU?
With the mortgage scores it's more effective to increase the number of zero balances. You should go to reported balances of zero on Navy Federal and one of the others, and let the 3rd one report a small balance before you pay it off. That should pick up the points you need.
@Anonymous wrote:Could pay off Discover instead of NF to 0, and call in for a mid-cycle report, if it needs to be faster
Good call, as Discover is always easy to get an off-cycle reporting from. I wish other lenders were as quick to do one as Discover is.
@Anonymous wrote:Could pay off Discover instead of NF to 0, and call in for a mid-cycle report, if it needs to be faster
You mean calling Discover and asking for a mid-cycle report? Had no idea I could do this.
Yes once you pay the balance to $0 you can ask them to report it immediately rather than waiting until the next normal reporting date.