Senior Loan Officer
1 Easton Oval Suite 400
Columbus, OH 43219
614.324.4700 Ext 1561
Company NMLS ID: 1652
â€¢ WINNER, Inc. 500|5000, Inc. Magazine, 2009 â€“ 2011
â€¢ WINNER, Florida's Best Companies to Work For, Florida Trend Magazine, 2011
â€¢ WINNER, Best Places to Work, Business First, 2009 â€“ 2011
â€¢ WINNER, Excellence in Practice, American Society for Training & Development, 2009
â€¢ WINNER, Sales Department of the Year, American Business Awards, 2009
Hi there â€¦are you still considering purchasing a property ? Do you still need soem assistance on reviewing the credit reports ?
Thanks and feel free to stay in touch
Dave Skow 206 714 9745 firstname.lastname@example.org
WAIT, do not apply for the credit card yet! Every application results in a new credit pull, and each time your credit is pulled your scores go down.
Step one is to dispute any errors on your report to each agency reporting them.
Step two is to pay down your balances to 1/3 or less of their high credit.
Step three is to not close any accounts or pay off any old collections until instructed by your lender.
Meet with a lender to discuss your options. The scores you see may not be the ones you see, they could be better or worse. I work with a great lender who uses RapidRescore to address many of the things in steps 1-3 as part of their service. They raised a clients scores through these methods more than enough to qualify for a loan.
I commend you on addressing first things first. Credit and pre-approval comes before looking, otherwise you find a home you love but can't buy and get frustrated.
I do agree that you are not far off, and in some cases may qualify. The more improvement your scores get your chances of approval go up and your rate can go down.
Best of luck.
Here's a tip for improving your credit. Get a Capital One pre-paid credit card, or one of their low-balance entry-level MasterCard's. Charge an item or two and then pay off the balance. Keep the balance on the credit card under 50% of the credit limit or it will hurt your credit score rather than helping it. In a few months, your careful use of credit will improve your FICO score.