Tips on Improving Credit Score Before Making a Large Purchase

Author: happymina21
Posted: Tue Mar 06, 2007 5:28 pm
Post subject: How to improve my credit score before i buy a house?

I am planning to buy a house, but most lenders refused to give me a loan because my credit score too low, and i've had many cards with debts. Do i need to close some card? or i have to pay off before i reapply a loan. If i do that, so how long will it take to imcrease my score? Need help........

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Author: angelo21
Posted: Tue Mar 06, 2007 5:59 pm
Post subject:

What is your current utilization ratio? How long have these accounts been open? Have you had defaults? If so, how long ago? What's your average score? How many accounts do you currently have open?

With this info, many of us can probably provide some input.

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Author: Alaskan Assassin
Posted: Tue Mar 06, 2007 6:05 pm
Post subject:

happymina21:::

Are you married? If so your other half might be able to get the loan and later you can be added.


From what I know they will go for the lowest fico which sucks!
_________________
https://home.americanexpress.com/home/mt_personal.shtml
{TOP 3 FAVORITE CREDIT CARDS AND THERE LIMITS}
1)BANK OF AMERICA AK AIRLINES$7000
2)AMEX BLUE SKY$23,000
3)DISCOVER CARD CASH$5000

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CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!

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Author: skyfox2020
Posted: Tue Mar 06, 2007 6:09 pm
Post subject:

Alaskan Assassin wrote:
happymina21:::

Are you married? If so your other half might be able to get the loan and later you can be added.


From what I know they will go for the lowest fico which sucks!

Actually they take the middle score. So if your scores are 620, 645, 676 then they will make their decision based on the 645 score.

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CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!

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Author: Alaskan Assassin
Posted: Tue Mar 06, 2007 6:20 pm
Post subject:

skyfox2020:::


I think your right thanks for correcting me
_________________
https://home.americanexpress.com/home/mt_personal.shtml
{TOP 3 FAVORITE CREDIT CARDS AND THERE LIMITS}
1)BANK OF AMERICA AK AIRLINES$7000
2)AMEX BLUE SKY$23,000
3)DISCOVER CARD CASH$5000

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CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!

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