Colli Real Estate

credit score go up after 6 months of ontime mortgage payments?

I need to refinance and have barely made my payments for the past 6 months, I was able to get into the home with a high interest rate, and It’s just too much. My credit score was 669 and fell to 648 and Im hoping that by know it would’ve risen. I checkd it in Dec and itwas 648. They said I need to have a 680. What do you think>
Loan value is 168k/190k,
Only have equity of 10%

I’ve had a mortgage for more than a year. After six months, all of my credit scores went up. But when I got new credit cards, they all went back down. Over the past several months, most of them have been going back up again, gradually, except my Equfax FICO score, which has been stuck for the past four months and not changed by even one point. I have a WAMU credit card, which gives me a Trans Union FICO score every month, except that it’s not the same FICO score I get directly from Trans Union, but is a different version, some people call a PFICO score. That PFICO, and my Experian FICO and Trans Union FICO, all go up a little every month, and are now around 25 points higher than they were between four and five months ago, but all different than each other. I have no idea why my Equifax FICO score is stuck. It might be some kind of Equifax bug. It seems strange that it would not even change by one point, month after month, while the others are all gradually going up.

I also used to get non-FICO scores, from True Credit. They often went up when the FICO scores went down, and vice versa. I no longer get them, because True Credit flaked out. I was getting True Credit scores for all three credit bureaus, but I got an offer from True Credit for a free year, which turned out to only be for Trans Union scores. When I went online to accept that offer, they automatically cancelled my other scores, and I didn’t bother to sign up again, because I would rather have one score free for a year. But then a few months later True Credit flaked out and reneged on the free year. Besides that, their website was way too slow, and wasted too much of my time, so I no longer have any interest in them.

One place you can get a lot of information about credit scores is www.creditboards.com which is a forum for people with credit problems and for people finding ways to improve their credit scores. I haven’t been there in a few months but found a lot of useful information there in the past. Also www.fatwallet.com has some useful information about credit scores, but most of the discussions there are for people who already have high scores. Some of those discussions are about ways to make money from those high scores, but actually most of the discussions there are not about credit scores but just about saving money by getting discounts and free stuff etc. For increasing your scores from the mid 600′s to 680+, creditboards is probably the most useful.

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