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Author Topic: Credit Score  (Read 12487 times)

kdeevers

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Re: Credit Score
« Reply #100 on: May 18, 2005, 01:09:11 PM »
I apologize if this was mentioned earlier in the thread, but reading this page has been very helpful.  My question is,  I currently (or at least early last month) had a credit score in the low 600s from all three bureaus.  I have been working to get the balances down, and should have them down to under 50% of available credit in use by July.  My question is this...how long can I wait...like the absolute last point in time...before going through the loan application process?  I obviously want my score as high as possible, but don't want to jeopardize not receiving funding on time either.  But I also don't want my report pulled too many times, because I know that affects things negatively as well.

Any advice?

Tymeless

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Re: Credit Score
« Reply #101 on: May 18, 2005, 01:51:32 PM »
I apologize if this was mentioned earlier in the thread, but reading this page has been very helpful.  My question is,  I currently (or at least early last month) had a credit score in the low 600s from all three bureaus.  I have been working to get the balances down, and should have them down to under 50% of available credit in use by July.  My question is this...how long can I wait...like the absolute last point in time...before going through the loan application process?  I obviously want my score as high as possible, but don't want to jeopardize not receiving funding on time either.  But I also don't want my report pulled too many times, because I know that affects things negatively as well.

Any advice?

Try and get those balances to 30% or less of your limit call each credit and ask them how long they take to report to the credit bureaus and after they report then you should go and apply. 
"You miss 100% of the shots you never take"
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kdeevers

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Re: Credit Score
« Reply #102 on: May 18, 2005, 02:09:28 PM »
Tymeless you are awesome! Thanks for the advice! You also had some good comments on another thread I was on.  I'll work on getting those down!  Cross your fingers for me.

Tymeless

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Re: Credit Score
« Reply #103 on: May 18, 2005, 03:04:59 PM »
Tymeless you are awesome! Thanks for the advice! You also had some good comments on another thread I was on.  I'll work on getting those down!  Cross your fingers for me.

Your welcome! and good luck
"You miss 100% of the shots you never take"
I am taking all the shots I can.
In:NYLS, Touro
Out: St. Johns, Brooklyn, Hofstra (Damn, Damn, Damn!!!)

dave303

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Re: Credit Score
« Reply #104 on: May 18, 2005, 05:52:12 PM »
I think Northstar T.H.E. is easier to get private loans through, they didn't have as many restrictions on credit history when I looked on their website and they took the credit score from transunion which is my highest. I got approved through them without a cosigner, supposedly their rates are good too.

My CC companies report monthly, so if you were to pay off your cards now, then wait a month or two you might get quite a bit of a rating boost. Assuming that you don't have any late payments and a couple years history.

Spacebot7000

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Re: Credit Score
« Reply #105 on: May 19, 2005, 09:24:23 AM »
I just found an account on my credit report that I thought was not mine. I called companies with the initials TNB, and figured out that it was a Target Visa I once opened and cancelled to get the discount on a big purchase. Anyway, it was 90 days delinquint, but I thought I had paid it off. Turns out I hadn't quite paid it off, and they had a bunch of returned mail, so I hadn't received bills in months. Paid it off over the phone, they deleted all the fees and interest, and they'll concact the credit reporting agencies. Sweet.

 Now I know why my regular credit company raised my interest rate after checking my credit report a few months ago. I'll call them and ask them to re-check, reinstate my awesome interest rate, and raise my credit limit to lower my debt-to-credit ratio. I also just paid off my car loan. Will that help raise my score, too? Basically, I have super-high debt, but I'm never late on payments, and I have pretty long history. With that false delinquint account, TransUnion give me a 600 FICO. I'm hoping for 650 after I get these things straightened out. Moral is: call your credit agencies, tell 'em what a good little customer you are, and ask them to erase fees, etc.
Attending UChicago

midjeep

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Re: Credit Score
« Reply #106 on: May 20, 2005, 01:07:50 PM »
Well my score just moved up from a 666 to a 713....at least I am no longer "marked"  :D
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king

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Re: Credit Score
« Reply #107 on: May 20, 2005, 04:04:15 PM »
Well my score just moved up from a 666 to a 713....at least I am no longer "marked"  :D

How did you dou that? 

midjeep

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Re: Credit Score
« Reply #108 on: May 20, 2005, 05:00:58 PM »
Well my score just moved up from a 666 to a 713....at least I am no longer "marked"  :D

How did you dou that? 

I contested a defaulted credit card (the number was stolen and the charges were not mine) and I went from $15K in debt to $9K in debt in less than a month.
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_BP_

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Re: Credit Score
« Reply #109 on: May 25, 2005, 11:49:22 AM »
Well my score just moved up from a 666 to a 713....at least I am no longer "marked"  :D

How did you dou that? 

I contested a defaulted credit card (the number was stolen and the charges were not mine) and I went from $15K in debt to $9K in debt in less than a month.

Way to go, I had a 40 point jump on a dispute myself.  Good stuff.
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