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Answers (7)
- Virginia Callaway, "ladyva05"
- Contributions:92
Sometimes you have to just get credit and use it just for one purpose and pay it down to 10.00 to let it revolve...that is what builds your score and will be good for you. Orchard Bank usually has great cards for people wanting to rebuild their credit.
- Michael Brazier, "W. Town Savings Bank"
- Contributions:55
Have your credit reviewed, should take now longer then 5 minutes to give you a direct answer. Could be a simple as opening a secured credit card to boost points, or removing an outdated or innacurate account. Any issues should be fairly easy to resolve as you have paid off your accounts.
Let me know if this helps.
Let me know if this helps.
- Johnny James, "Palmdale Mortgage"
- Contributions:406
keep your 30 and pay extra towards the principal in time your score will improve
- Brent Mendelson, "EastCoastMortgages"
- Contributions:61
Everyone is right, any lender will have to see the credit report to make suggestions on how to improve your credit. It could and probably is a combination of several different factors. If you closed all accounts, have old information on the credit report that could be lowering your score.
Trust me just because you paid all the debts doesn't mean the credit report is accurately reflecting the whole story. That's the first step and then find someone that is a credit repair specialist and can walk you thru how to improve that score. You really want at least a 620 to get a loan these days. The higher the better of course. Hope this helps.
Trust me just because you paid all the debts doesn't mean the credit report is accurately reflecting the whole story. That's the first step and then find someone that is a credit repair specialist and can walk you thru how to improve that score. You really want at least a 620 to get a loan these days. The higher the better of course. Hope this helps.
- Memphis Owners12
- Contributions:167
A look at your credit report would reveal why. Additionally, you may want to keep your 30 year fixed rate mortgage and just pay extra each month on the principal. This may be a much cheaper solution to paying down your mortgage early.
- Anna Montgomery, "Anna Montgomery"
- Contributions:160
Hello..
Would love to see the credit report to see why your score has not gotten better. Sounds like you still have credit cards since you state you are never late. The free credit reports are not the same ones that Loan Officer pull. You should have a LO pull your credit and review this for you.
Anna
Would love to see the credit report to see why your score has not gotten better. Sounds like you still have credit cards since you state you are never late. The free credit reports are not the same ones that Loan Officer pull. You should have a LO pull your credit and review this for you.
Anna
- Ken Kopper
- Contributions:1578
Karen2829, when you paid everything off, did you also close all your revolving accounts? Would really need to see a copy of the credit to see where your issues lie.
Credit score is low - need to refinance. Can anyone help me? Never been late on Morgtgage pymt.
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