Who do I go to to help me boost credit score?

Deal Score0

We are looking to sell then buy a home in the next year. We would like to get our score up as much as possible as we are hovering around 620. We will be moving for a new job so we want to get the score up as much as possible to offset that “negative”. So, who would we meet with to help us make a plan to get our score higher? A mortgage broker? Directly with a mortgage lender? Credit counselor? I was told by our last mortgage lender that we fall in the subprime market so getting a loan is next to impossible right now. We are very worried but we have to move and we really do not want to rent or anything- we have to get another house. Any help is appreciated.

3 Comments
  1. Reply
    DAVID H
    May 19, 2011 at 3:38 am

    what you can do is go to any bank and get a collateral loan, by opening a savings account. get a loan for the same amount that you put in the savings account and pay it of earlier that the due date. you will not be able to touch that money in savings account.

  2. Reply
    Sampson
    May 19, 2011 at 4:23 am

    Your question fall in the area of my expertise. It is a fallacy that anyone or any organization can help you to get your credit score up. Beware, there are those that claim they can, for a fee, and they are scams! The only thing in the world that will get your credit score up is paying your bills on time. If I were trying to raise my credit score I would buy something on credit that can easily and quickly be paid off. One more word of warning; every time someone checks your credit it lowers your credit score and sometimes your credit score will actually go down as soon as something is paid off, that makes no sense. The best advice is to get one more thing on credit, that’ll take a little longer to pay off than when you are moving, pay for that and everything on time, do not apply for any other additional credit and do your best to have no one else checking your credit because that really hurts, even checking with multiple mortgage brokers (with nothing purchased) will adversely affect your credit score. If you are going to shop around you should try to shop around getting general info and not applying to various mortgage brokers for the best deal. Good luck!

  3. Reply
    Michael T
    May 19, 2011 at 4:25 am

    You can actually improve your score yourself. Last year my score was 540. I did some research to find the best way to improve my score. During this research I found many scams, but I also found some good solutions. After using one of these solutions I was able to increase my score by 200 points (746).. I knew others were looking for the same thing, a way to increase their score without being scammed. I created a website ( http://www.your-credit-solution.com ) to provide solutions that work. It also provides solutions on debt management and identity theft. Check it out. I am sure you will find a solution that is right for you.

    The best of luck on increasing your score.

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