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Question By
johnnykurtz

14 Contributions
78 People Helped
quick fix to raise mortgage score for USDA loan?
Wife has 634 experian fico2 for mortgage and it isnt budging weve reduced utilization from 37% to 12% any other quick fix?

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Top Contributor
1035 Contributions
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With credit reporting, there is no "quick fix".   Time, patience and persistence are the tools you would need to imploy in order to achieve your goal.   In order to provide suggestions, one would have to know what is in your credit file.   If you have late payments, only time will heal these items.  If you have multiple reporting items on a single debt, you can dispute them as they don't own the debt and if they fail to timely respond to disputes, they would remove by default.   Ensure all past due amounts are paid off and in full, preferably by seeking a "pay to delete" option with the creditor.   When you are ready for the mortgage, your motgage broker will give you guidance on what steps whey feel necessary to help you in the progress.

Top Contributor
7816 Contributions
1444 People Helped

Get that utilization even lower! 1 or 2% would yield the best results. Do you have open and active accounts? Do you have any negative information? Keep in mind that in many cases, if you do not have a credit card the simple act of adding one can make some versions of FICO jump up when it hits your reports. Do some reading on that if she doesn't have a card. If she already has cards, then don't get any more or open any new accounts for that matter as that would cause score decreases.

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