@Anonymous wrote:
@Anonymous wrote:
The Surge is a MasterCard , issued by Celtic Bank/Continental Finance (this is what shows on my credit reports).
It's a 750 CL and had a 143 balanced that reported last month oct 13th.
It's current balance is 0. It reports to bureaus tomorrow November 13th. So I'm hoping for a bump to my EQ 5 mortgage from 646 to 660. Wife's open sky's will report 0 balance again Monday November 16th.
Ill get the Credit One card paid from 7 to 0 balance when we hit as AU on wife's aunt $30,000 CL GTE Financial credit union card. This AU card her aunt said has a due date of 17th, next Tuesday. I'd imagine it would hit our reports by the 23rd, by taking in account they probably report to bureaus on the 20th.
Again it's a 10 year old card, NEVER been late, $30,000 CL, they keep low balance (I don't know what specifically the balance is).
My credit one doesn't report again until December 7th.
mortgage guy said he can do rapid re-score to 0 balance if I can show verified documents of updated balance.
Mortgage guy scores are exact scores we see on myFico mortgage
@Anonymous Sorry I missed that before. I've got some bad news.
That $30,000 card is not gonna count for revolving activity on the Experian mortgage score because of its high credit limit.
The Equifax and TransUnion models have a little higher cut off, I think it will count there. (I will check and report back shortly.) Unless you can get her to take a credit limit decrease, it's not gonna help your Experian mortgage Score and you're gonna have to keep a balance on a MasterCard or Visa to avoid the all zero loss on that score, unfortunately.
The problem is that will hurt the Equifax and TransUnion by having 2 accounts there with a balance, while Experian will see it as one account with the balance. Are you following me?
I don't know whether or not it will still contribute to aging factors. I think and hope so; if so, you'll probably see an increase from it on the Experian mortgage score.
But it won't be because of balances or utilization on the Experian mortgage score.
Which bureaus are you trying to optimize again please remind me? I apologize I asked for information you had already given, but I read so many threads and sometimes it's in the middle of the night or day when I've not had any sleep, so forgive me if I fail/failed to recall something.
let me go check The cut off for the other bureaus. I think it's like $34,000. I'll be back in a minute and then I can go look at your scores myself and see which one it was you needed to optimize.
I was sure hoping it was not a high limit card.
First, Thank you for all your time and help!
Yes, both my wife scores need to get bumped to 660. Her EX mortgage is 657 and her EQ mortgage is 649. Her TU at 606 is not worth mentioning.
Her open sky's report Monday the 16th for 0 balance.
My EQ mortgage is at 646, and it's the only one that needs to get to 660, since my EX mortgage is already at 670. My TU is 634, not worth mentioning.
With the Surge reporting 0 balance
@Anonymous wrote:
@Anonymous wrote:
The Surge is a MasterCard , issued by Celtic Bank/Continental Finance (this is what shows on my credit reports).
It's a 750 CL and had a 143 balanced that reported last month oct 13th.
It's current balance is 0. It reports to bureaus tomorrow November 13th. So I'm hoping for a bump to my EQ 5 mortgage from 646 to 660. Wife's open sky's will report 0 balance again Monday November 16th.
Ill get the Credit One card paid from 7 to 0 balance when we hit as AU on wife's aunt $30,000 CL GTE Financial credit union card. This AU card her aunt said has a due date of 17th, next Tuesday. I'd imagine it would hit our reports by the 23rd, by taking in account they probably report to bureaus on the 20th.
Again it's a 10 year old card, NEVER been late, $30,000 CL, they keep low balance (I don't know what specifically the balance is).
My credit one doesn't report again until December 7th.
mortgage guy said he can do rapid re-score to 0 balance if I can show verified documents of updated balance.
Mortgage guy scores are exact scores we see on myFico mortgage
@Anonymous Sorry I missed that before. I've got some bad news.
That $30,000 card is not gonna count for revolving activity on the Experian mortgage score because of its high credit limit.
The Equifax and TransUnion models have a little higher cut off, I think it will count there. (I will check and report back shortly.) Unless you can get her to take a credit limit decrease, it's not gonna help your Experian mortgage Score and you're gonna have to keep a balance on a MasterCard or Visa to avoid the all zero loss on that score, unfortunately.
The problem is that will hurt the Equifax and TransUnion by having 2 accounts there with a balance, while Experian will see it as one account with the balance. Are you following me?
I don't know whether or not it will still contribute to aging factors. I think and hope so; if so, you'll probably see an increase from it on the Experian mortgage score.
But it won't be because of balances or utilization on the Experian mortgage score.
Which bureaus are you trying to optimize again please remind me? I apologize I asked for information you had already given, but I read so many threads and sometimes it's in the middle of the night or day when I've not had any sleep, so forgive me if I fail/failed to recall something.
let me go check The cut off for the other bureaus. I think it's like $34,000. I'll be back in a minute and then I can go look at your scores myself and see which one it was you needed to optimize.
I was sure hoping it was not a high limit card.
tomorrow and credit one already at $7 1% , I am hoping this will get my EQ to 660.
Tough news on the AU for Experian mortgage. I am hoping, like you think, that we get some bump for age of account that will reflect in increase in mortgage scores across all bureaus for both of us.
Maybe this increase could out weigh the point loss for 2 reporting balance?
We will know for sure how this plays out by the time the 23rd comes around.
I do not know the closing date for the $30,000 CL, but just figuring based off the 17th due date her Aunt gave us. So probably the 20th the GTE Financial credit union card would report to the bureaus. Give or take 3 days for bureaus to reflect on our reports, I am thinking the 23rd
