How easy is it to raise your credit score 9 points?
We are 9 points shy of getting a home loan according to the lender. They advised us to get a credit card or get someone to add us as an authorized user if we were unable to get our own card. So, my mother added us on as an authorized user…however, the card is close to its limit….it has about $ 200 left on it as available credit. She always makes monthly on time payments (large amounts) but now Im afraid its going to hurt us instead of help us since its got a big balance on it.
Also, we have already signed the contract with the builder to have our home built, we just have to have the 9 points by November when we do the closing. The lender and our realtor are telling us no problem we will totally have the points but im still nervous what if we don’t. Does anyone know how credit points are assessed??