Repull score

[Anonymous]

Can anyone answer this.... So I need just a couple of points to be able to get my mortgage loan. The lender told me to pay my CC down to $ 8 yesterday. By monday my account will update and send her a copy showing my updated amount and she will then re pull my score. HOW IN THE WORLD CAN THAT MAKE MY SCORE GO UP? My CC don't report until the end of the month. So how will she be able to get a different score?

[Anonymous]

From what I can understand, with mortgage companies they will tell you to pay this or that off and they can do the loan that dosnt mean that your score went up that moment but they know that it will go up by the time closing goes thru and you just have to have proff that you paid it

[LS2982]

---

@Anonymous wrote:

From what I can understand, with mortgage companies they will tell you to pay this or that off and they can do the loan that dosnt mean that your score went up that moment but they know that it will go up by the time closing goes thru and you just have to have proff that you paid it

---

+1

[Booner72]

It's called a Rapid Rescore.  You pay to 8 bucks, you get a letter from the cc company saying your balance is 8 bucks, the cc company sends it straight to your LO.  The LO PAYS the CRA to update your score right then with the new balance, usually takes about a week.  THEN she repulls your credit and the new balance will show, which hopefully brings you the points you need.  The cc companies know all about it, so don't worry that you will have any trouble.

GOOD LUCK

PS:  Lenders cannot charge you for this.  They pay it to get the deal done.

[Revelate]

---

@Booner72 wrote:

It's called a Rapid Rescore.  You pay to 8 bucks, you get a letter from the cc company saying your balance is 8 bucks, the cc company sends it straight to your LO.  The LO PAYS the CRA to update your score right then with the new balance, usually takes about a week.  THEN she repulls your credit and the new balance will show, which hopefully brings you the points you need.  The cc companies know all about it, so don't worry that you will have any trouble.

GOOD LUCK

PS:  Lenders cannot charge you for this.  They pay it to get the deal done.

---

Thanks Booner, good info to know.

[LS2982]

---

@Booner72 wrote:

It's called a Rapid Rescore.  You pay to 8 bucks, you get a letter from the cc company saying your balance is 8 bucks, the cc company sends it straight to your LO.  The LO PAYS the CRA to update your score right then with the new balance, usually takes about a week.  THEN she repulls your credit and the new balance will show, which hopefully brings you the points you need.  The cc companies know all about it, so don't worry that you will have any trouble.

GOOD LUCK

PS:  Lenders cannot charge you for this.  They pay it to get the deal done.

---

Good info!

[Anonymous]

Thanks very much! I feel better I only need a couple points so I'll let u know how this works out for me!