raising credit score
Date: Thu, 07/22/2010 - 08:21
My husband and I have been in contact with a real estate agent who in turn put us in contact with a mortgage person. She ran our credit reports and my husbands is fine, but mine is lower than the required 620 or so she said it needs to be at. If I remember correctly, she said its 563. I do have 2 collection accounts that are not paid and one should drop off in January, paid or not. Will paying on these raise my score? When that other one falls off, will it raise it? How long does it take for a score to rise? Any help is appreciated. I have until March 31 in my present lease, so I am working with plenty of time. thanks!
Quote:Will paying on these raise my score?Depends on how old the
Quote:
Will paying on these raise my score? |
As for the score, do get a copy of your credit score. Don't only rely on other people, or a mortgage person.
ok. She sent us our scores and info in the mail. With Equifax
ok. She sent us our scores and info in the mail. With Equifax my score is 598, with Experian it is 619, with Transunion its 532. Why are they different? I just want to understand this mortgage stuff. This is with Suntrust Mortgage. I know I am not going to get one with a major bank like them, but is it worth my time to keep looking into things or just forget it another year? What says another bank won't lend to us? HELP