Recent content by Cluckinator89

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    beginning to work on improving my credit report

    Soft inquiries do not affect your credit score. Hard inquiries affect it for a year. They remain on the report for two years. The negative effect wanes as it ages. Still, it is small compared to other factors. On time payment history. Credit usage. Length of credit history. Derogatory items. I...
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    How badly will a 30-day late payment hurt our mortgage approval?

    If the bank doesn’t remove the late payment, you could buy a tradeline. This may improve your credit score.
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    How can I consolidate $47K in high-interest credit card debt?

    I would not do it. Credit cards are unsecured debt. Most loans ar secured. I have over $40,000 in credit card debt. I am not happy about it. But I did it. My cards have 26 to 31 percent interest. Through no fault of my own. I always paid on time. They all went up this past year. In January and...
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    Why did my credit score drop after paying off a debt in full?

    Have consistent debt. Never pay interest. Use a credit card for daily purchases. Use it for recurring bills on auto pay. Pay the full balance every payday. Do this even with pending transactions. Find the best cad for points. I have used the same card for ten years. It gives two percent back on...
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    Will paying off my maxed-out credit cards boost my 580 credit score?

    You paid them off. You should be fine. As long as you have no collections.
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    How can I remove charge-offs and collections to improve my credit score?

    Following… to remove hard inquiries…
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    Should I apply for home loans at 3 banks in 24 hours or 30 days?

    All Within 30 days should only count as 1 inquiry for point reduction
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    Will closing old cards after bankruptcy drops off hurt my credit score?

    Closing cards, especially the older ones, will tank your credit score. Don’t do it!
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    Why did my credit score drop after paying off $46K in debt?

    It will rebound soon. Paying off debt lowers credit scores. The system prefers us indebted. No major purchases? Do not worry. Above 720? You already have the best rates.
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    Will Paying Off Collections Actually Boost My Credit Score?

    Paying a collection won't raise your score. It stays negative. Improvement comes only if it's deleted. Through an agreement. Or by agency policy. Remember: scores reflect what's reported. Not just what's paid.
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    Will closing my Victoria's Secret credit card hurt my credit score?

    It will hurt your score. Your credit to debt ratio will drop. But if your score is strong, and you pay every bill on time, you will recover. Fast.
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    Can a tradeline boost my credit score by 50-70 points fast?

    Also do the Experian boost if not already done
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    How can I fix my credit fast before my home closing?

    No way to fix this by closing. Is it FHA or conventional? Most lenders cannot work with an open dispute or a late payment within twelve months.
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    How can I raise my TransUnion FICO 2 score by 2 points fast?

    My lender gave precise advice. I followed it exactly. I did nothing else. Credit is finicky. A positive step can drop your score. Unintentionally.
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    GWM Utes worth it for $20K-$25K? Are repairs expensive?

    For value, the LDV is a strong choice. Tritons are also decent.
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