So if I was to apply for a mortgage today, and the brokers pulled my scores, would they be based on the balance of my CC's today or based on the last reported statement by the CC company?
I am asking because in the last week I've paid $7k in CC debt and in the next 10 days I'm paying off another $7k. The last of my statements to report these significant drops or PIF's would be on 3/13.
This will pay off 3 CC's in full and drop one other balance from 100% util to just under 10%. It would leave my Amex card with a 8K from 9K balance.
I expect my score to rocket after all the payments are processed. A mid-score above 720 is the hope.(fingers crosed xxxx)
Question is do I have to wait until that last statement is issued to get the full benefit or can I have the broker pull after I make the rest of the payments next weekend.......................??
Cheers guys
I am asking because in the last week I've paid $7k in CC debt and in the next 10 days I'm paying off another $7k. The last of my statements to report these significant drops or PIF's would be on 3/13.
This will pay off 3 CC's in full and drop one other balance from 100% util to just under 10%. It would leave my Amex card with a 8K from 9K balance.
I expect my score to rocket after all the payments are processed. A mid-score above 720 is the hope.(fingers crosed xxxx)
Question is do I have to wait until that last statement is issued to get the full benefit or can I have the broker pull after I make the rest of the payments next weekend.......................??
Cheers guys