1 of 5
5 months ago
Thu Apr 18, 2024 3:19 am
NoMoneyNoHoney
Seasoned RebelNeed BTC card
NoMoneyNoHoney has passed the 12 month threshold!
No scorable inquiries on file!
No scorable inquiries on file!
Is that crazy???
I was wondering if anyone went down this route?? I'm under the impression, adding a mortgage loan is a big boost to the FICO, true??
I'd have to find the smallest of the smallest properties/mortage loans to do. I dont know how I'd even get approved.
But I was looking at my Transunion score today (only 661) and I thought that might help it. Was wondering if anyone knew how to maybe get like a loan in the range of 1K -10K mortage loan somewhere just for the sake of improving their FICO?? I'm in California so buying a home is out of the question. I also would like to avoid another inquiry. Thinking like maybe buy a tiny part of a piece of land or something??
AFter going on a credit card opening spree about a 15 months ago, I finally was able to raise my experian FICO8 pretty fast from a low score to 698 but it seems like I cant seem to get my Transunion much higher until I get under 30% utilizaton. I got around $54K in CC debt, 13K in two personal loans (they are around 65% paid off), plus 65K in student loans (I'm on a plan to get them written off but gonna take years). Aggregate utilization is around 41% right now. Good news is I have over $130K total credit card funds. But its prob gonna take me another 6-12 months to get at 29%.
Reason for all of this is I have some balance transfer cards that's 0% offers are about to expire. I've been paying off a massive debt past three years. Making good progress but it's just slow. So I prob need at least 1-2 new low interest balance transfer cards for this last stretch.
Thoughts?
I was wondering if anyone went down this route?? I'm under the impression, adding a mortgage loan is a big boost to the FICO, true??
I'd have to find the smallest of the smallest properties/mortage loans to do. I dont know how I'd even get approved.
But I was looking at my Transunion score today (only 661) and I thought that might help it. Was wondering if anyone knew how to maybe get like a loan in the range of 1K -10K mortage loan somewhere just for the sake of improving their FICO?? I'm in California so buying a home is out of the question. I also would like to avoid another inquiry. Thinking like maybe buy a tiny part of a piece of land or something??
AFter going on a credit card opening spree about a 15 months ago, I finally was able to raise my experian FICO8 pretty fast from a low score to 698 but it seems like I cant seem to get my Transunion much higher until I get under 30% utilizaton. I got around $54K in CC debt, 13K in two personal loans (they are around 65% paid off), plus 65K in student loans (I'm on a plan to get them written off but gonna take years). Aggregate utilization is around 41% right now. Good news is I have over $130K total credit card funds. But its prob gonna take me another 6-12 months to get at 29%.
Reason for all of this is I have some balance transfer cards that's 0% offers are about to expire. I've been paying off a massive debt past three years. Making good progress but it's just slow. So I prob need at least 1-2 new low interest balance transfer cards for this last stretch.
Thoughts?
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Cards: 2 Discover's, 1 BofA , 1 Chase Freedom, 1 CITI double cash, 2 NFCU platinums, Venture, Capital Quicksilver, Capital QuicksilverOne,
- Tagline Need BTC card
- Score data EX 757 TU: 742 EQ: 750
- Classic 8 Scorecard CLEAN/THICK/MATURE/NEW-REVOLVER
- Mortgage Scorecard CLEAN/THICK/YOUNG/NO-NEW-ACCOUNT
- AoOA 20 yrs
- AoORA 20
- Date of Last Inquiry and/or New Account Opening January 1st, 2023