If you are considering paying off or paying down an account in an attempt to improve your credit scores – you should really consider using our “what if” program.
It can save you time and money – and give you a valuable insight on the impact of paying off or paying down accounts on your credit scores.
I’ll give you an example… Yesterday I had a borrower that was thinking about paying off his Chase credit card.
The card had a balance of $267, and his credit limit was $500. When I asked the “what if” program what would happen if he paid off the account – it said his TransUnion score would go down by 16 points. I know that doesn’t make much sense, but the fico system doesn’t make much sense.
…By the way – I closed a loan yesterday in just two and a half weeks. If you have a loan and need to close quickly – please contact me. I can probably help ya!
I hope you have a great day! Thanks for reading!
Brett
Texas renters are spending more than 30% of their incomes on rent. It can be…
If you are looking for a home in the outer suburbs or in a rural…
If you have credit card debt it’s smart to consider a consolidation loan. If you…
I wanted to let you know we have a 2% to 5% downpayment and closing…
Do you have investment property, and would like to pull cash out of your property?…
Texas renters are spending more than 30% of their incomes on rent. It can be…
