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Need 10 more points for mortgage.

Nmghjg
Valued Member

Need 10 more points for mortgage.

Current middle score is transunion at 670. 

only have on credit card at 2% and installment loans with student loans and a car payment. 

I have 4 months to get it up. Time since deliquincey is a year

In December I can call transunion to for an early exclusion on the only collection I have on the report. 

Any other suggestions?

Message 1 of 5
4 REPLIES 4
SouthJamaica
Super Contributor

Re: Need 10 more points for mortgage.


@Nmghjg wrote:

Current middle score is transunion at 670. 

only have on credit card at 2% and installment loans with student loans and a car payment. 

I have 4 months to get it up. Time since deliquincey is a year

In December I can call transunion to for an early exclusion on the only collection I have on the report. 

Any other suggestions?


1. If you only have one credit card, and it's reporting utilization of 2%, then your revolving utilization is optimized.

 

2. You can try to get rid of the negative(s).

 

3. If it's doable to pay one of your installment loans down to zero, try that.


Total revolving limits 663000 (585000 reporting) FICO 8: EQ 716 TU 747 EX 713

Message 2 of 5
Nmghjg
Valued Member

Re: Need 10 more points for mortgage.


@SouthJamaica wrote:

@Nmghjg wrote:

Current middle score is transunion at 670. 

only have on credit card at 2% and installment loans with student loans and a car payment. 

I have 4 months to get it up. Time since deliquincey is a year

In December I can call transunion to for an early exclusion on the only collection I have on the report. 

Any other suggestions?


1. If you only have one credit card, and it's reporting utilization of 2%, then your revolving utilization is optimized.

 

2. You can try to get rid of the negative(s).

 

3. If it's doable to pay one of your installment loans down to zero, try that.


The student loans are all separately  reported, would paying off some of the lower amounts help or is it view as one?  

Message 3 of 5
SouthJamaica
Super Contributor

Re: Need 10 more points for mortgage.


@Nmghjg wrote:

@SouthJamaica wrote:

@Nmghjg wrote:

Current middle score is transunion at 670. 

only have on credit card at 2% and installment loans with student loans and a car payment. 

I have 4 months to get it up. Time since deliquincey is a year

In December I can call transunion to for an early exclusion on the only collection I have on the report. 

Any other suggestions?


1. If you only have one credit card, and it's reporting utilization of 2%, then your revolving utilization is optimized.

 

2. You can try to get rid of the negative(s).

 

3. If it's doable to pay one of your installment loans down to zero, try that.


The student loans are all separately  reported, would paying off some of the lower amounts help or is it view as one?  


They're viewed as separate loans. So paying off one or more would reduce your "accounts with balance" which can help your mortgage scores


Total revolving limits 663000 (585000 reporting) FICO 8: EQ 716 TU 747 EX 713

Message 4 of 5
House2021
Frequent Contributor

Re: Need 10 more points for mortgage.

Can you get your auto loan down?

Message 5 of 5
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