@Anonymous wrote:I’m trying to get a mortgage and even though I have 20% down my mortgage score does not qualify for a conventional loan. I am 11 points away from a 620 as my middle score. I recently was able to get a closed account to remove a 90 day delinquency and two 30 days. It shot my score up 25 points for my Experian fico 2 and 18 points for transunion score 4. But equifax score 5 only about 12 points. My middle score is currently 609 and it is Equifax. Now, I did send in $3,000 to credit cards which should put me into 48.9% utilization. Currently I’m at 76%. Do you think once my payments are submitted to the credit bureaus I will bump up to 620 on Equifax? I’m desperately trying to get a conventional loan to save the almost $150 a month added onto the mortgage for FHA. I only have 2 months to pull this off! Help!
That payment on the credit cards should certainly improve your scores significantly; whether it will get you the points you need it's anybody's guess.
If there are any small accounts you can zero out, that may be helpful too.
