My mid-Fico Score is 508 and I am trying to refinance and cashout to purchase an investment home as well as make improvements to my first home. I signed on with a credit repair company that is suppose to be helping me with repairing my credit however, the process is slow and I was not seeing any fast results. So, I contacted them and they stated that because of my constantly checking my score and credit it contradicts what they are trying to do and ask that i be patient, well I was checking my credit and score frequently.
Now I came up with this idea to call around to my current mortgage co., bank, car co., and credit card co. and find out when they report to the three credit bureaus that way I can make sure my available balance on my credit card usage is (20% of the max. limit) and my line of credit usage is (25% of the max. limit) (keyword is usage).
Can someone tell me how long it will take for my score to reach 620 by using my idea to always use less of my available credit and paying the main bills on time?