My credit score is at 680, but I need it at 700 to get a mortgage loan. Any way to raise my fico sco

We need to close on the loan by Feb. 1st. We are selling our house and paying off our debt with the proceeds from our sale. Will this raise our score? Would it be better to pay off credit cards (we have two with $1400 balance each. Or pay off two bank loans (one for a car and one for a consolidation loan)?

My credit score is at 680, but I need it at 700 to get a mortgage loan. Any way to raise my fico score fast?

One thing to remember if/when you pay stuff off (mainly credit cards) is even if you pay a card of so you have $0.00 outstanding that cad will still be looked at as potential debt, so say you have a $5000 limit %26amp; you pay off the $1400 you still have the ability to get $5000 more in debt after the home stuff goes through.

If you have more than 2 or 3 credit cards consider closing them so it will not be seen as potential debt, if not then pay them off %26amp; lower the credit limits to say $1000, Even at 680 it%26#039;s a pretty good score so even a few months after the home stuff happens yopu can have the limit raised back up again.

That may help a bit. Also remember the places that report your credit only do so about once a month so even if anything does change you may not see any change for 30-60 days.

Oh and dont pay anything late, miss payments etc

In addition:

Due to the two silly fools below me I guess I should mention I work for the 2nd largest bank in the world.

Keeping multiple empty card open is of no help in any way at all. It just show you can get in more debt as soon as you like %26amp; that does not look good for credit. As for raising the credit limit well thats just stupid for this persons situation. Not only will you then get more enquiries on you credit report (another bad thing) but it then shows you can get into even more debt.

My credit score is at 680, but I need it at 700 to get a mortgage loan. Any way to raise my fico score fast?

I hope you get it all sorted %26amp; if you can get to 700+ you will be set from then on. Report It

My credit score is at 680, but I need it at 700 to get a mortgage loan. Any way to raise my fico score fast?

You should be able to get just as good of a loan with a 680 as a 700 fico. If your mortgage lender can%26#039;t do it go somewhere else.

I have been a licensed residential mortgage broker for about 4 years and in commercial lending for about 3 now. Report It

My credit score is at 680, but I need it at 700 to get a mortgage loan. Any way to raise my fico score fast?

that is a good question.....maybe you should talk to your bank they can help you with that!

My credit score is at 680, but I need it at 700 to get a mortgage loan. Any way to raise my fico score fast?

To raise your credit score you need to pay off some loans. My step dad is kinda in the same boat expect he is looking to buy a building for personal use. He had to pay off some loans and his credit card dept. Then the bank told him not to use his credit cards until after he gets the building. Well hope this helps.

My credit score is at 680, but I need it at 700 to get a mortgage loan. Any way to raise my fico score fast?

you need to close all your revolving accounts. they are accounts that may be a zero balance, but you can use at anytime, such as credit cards, sears, jc penny ect. go on line and pull up your credit, and see how many you have. there may be some you didnt even realize you still had. call the company of the credit card and close it. it will automatically show on your credit score. revolving credit is the worse thing on your credit score.

My credit score is at 680, but I need it at 700 to get a mortgage loan. Any way to raise my fico score fast?

Pay down all your credit to 1/3 of the open balance, if possible. Don%26#039;t close the accounts, just pay down. Don%26#039;t pay off charge offs, it wont effect your credit score. Don%26#039;t close open account w/ out balances. They raise your credit scores. Its all based on ratio of credit available to credit used.

Hold of on new credit as inquiries can adversely effect your score.

My credit score is at 680, but I need it at 700 to get a mortgage loan. Any way to raise my fico score fast?

don%26#039;t close 0 balence credit cards. that person is wrong. if u show u have paid those then that is a good thing.

My credit score is at 680, but I need it at 700 to get a mortgage loan. Any way to raise my fico score fast?

you should keep old credit cards open once you have paid them off, use them sparingly and pay bills right away. This shows creditors that you have kept an account open for a long period of time. Just don%26#039;t have high balances on them.

My credit score is at 680, but I need it at 700 to get a mortgage loan. Any way to raise my fico score fast?

also, ask your credit card companies for a raise in credit limit, this will help your ratios.