Jump to content


Credit report question

  • Please log in to reply
23 replies to this topic

#21 Jenn

  • Sr. Member
  • 1,557 posts

    Posted 14 March 2008 - 04:58 PM

    Originally Posted by chprfan
    I don't mean to hijack this thread...but what is a "good" credit score to have when you going looking at getting approved for a mortgage these days?
    As Monica said, over 680 will get you conventional financing. However, if your score is lower, don't lose hope! FHA has a great program that gives you a great rate without the crazy-credit score requirement. They will actually do a loan with a credit score less than 600 if you can prove your income and explain any mars on your credit.

    Back to topic... I would leave your cards open as others have said.

    #22 JessicaM

    • Vendor
    • 1,969 posts

      Posted 14 March 2008 - 08:48 PM

      Thanks ladies....good to know I am above the line you were talking about!!



      #23 sunnydaes

      • Member
      • 684 posts

        Posted 14 March 2008 - 08:52 PM

        Funny you ask this I just went through my credit report and got some advice. All the feedback is correct. Its best to have several cards with 0 balance and keep them open. It shows that even though you have the spending power you are not using it or if you are you are paying it off right away.

        #24 LadyCheese

        • Sr. Member
        • 1,830 posts

          Posted 14 March 2008 - 09:48 PM

          Does anyone know if this holds true for retail cards? I have been dying to close my Macys, etc. that I just paid off...(I have like 3 retails cards). I just want to keep the major credit cards open.

          0 user(s) are reading this topic

          0 members, 0 guests, 0 anonymous users