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I have read a few of your post

I have read a few of your post

I have read a few of your posts so I feel you are the best person to help with the following:

I am looking to get a mortgage but have had negative credit issues in the past. The only two debts I currently have are an auto loan and a student loan, both being in good standing. My credit scores are 575, 643 and 655. The 575 is being disputed due to a collection that was paid 2 years ago that is still showing as being owed. The mortgage company I am working with has suggested I open a few credit cards with a few thousand dollars each and charge half and pay a few hundred dollars a month to show established credit. They said this would increase my scores and give me a better interest rate in 3-4 months. Is this accurate? I currently make $170k and am looking at a $300,000 mortgage. I am also a first time homebuyer. Let me know what you think! Thanks


Anonymous's picture
Anonymous (not verified)
19-11-2010

3 Answers
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Hi Guest, Opening new credit cards will be a good option to improve your credit scores. However, you need to make the credit card payments on time in order to get your scores improved. If you don't make the payments on time, your scores won't improve.

adonis | Asked on 2011-09-14


1

Anonymous | Asked on 2017-06-26 04:10:11


1

Anonymous | Asked on 2017-06-29 00:10:18

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