How to increase my credit score!!

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

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@Remedios wrote:

I don't know how much you got left on the loan, but I would not be dumping huge amounts of money just to satisfy scoring system.

If terms on your loan are bad, refinance if you can. 

Financially, paying a car loan off is very unwise move.

When life happens again, then what?

The whole "loan below 9%" is true, but only applicable when additional payments push the future date. If it doesn't, your score is boosted for a few months, and then you experience scoring loss from not having an open loan, and you're out of money. 

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I haven't paid the car off or down as of yet. As it just made a year last month. But I'm currently purchasing a home, and the lender is requesting me to pay the car off or sell it. To help lower my DTI. As it stands. Those 2 CC and that auto loan. Are the only open accounts I currently have. I would like to open up a shared pledge loan and maybe another CC. To mix up the credit profile. But I can't due to me getting ready to close.

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@Anonymous You are in a pickle.

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That's what I gathered as well SMH! But I don't know if I should wait until I close to open up 2-3 more lines of credit. Or should I just wait it out. 

[Anonymous]

@Anonymous  wrote:

So the wisest thing to do here. Is forget about the CO accounts, focus on the positive credit I have now. And just let time do what it needs to do. Would that be the ideal thing to do? 

@Anonymous here's the deal, the charge-offs haven't reported in three years so they're not counting in your utilization thank goodness. If you were to pay them the results are unpredictable you would have an increase and a decrease & we don't know the outcome so it's probably best to let sleeping dogs lie if your LO doesn't have a problem with it. 

you could definitely use some more revolvers but you definitely need to wait until you close to do that.