If I pay off everything except a reposessed car,will it up my home loan amount?
2006-11-20 17:51:00 · 3 answers · asked by Direktor 5 in Business & Finance ➔ Credit
I just did a 'Credit Analyzer' for you, "Your credit score could increase by 71 point(s) if you take these actions." ... "Cash needed: This scenario required $3,000 cash.""
2006-11-20 18:49:18 · answer #1 · answered by a9113257311 3 · 0⤊ 0⤋
1. Credit score will improve but by how much depends on what else is on your credit too.
2. That depends on the bank you are talking to. Some banks can do things that others cannot.
I know a lot of banks. What are you trying to do?
2006-11-20 17:56:43 · answer #2 · answered by Liberty against the NWO 3 · 0⤊ 1⤋
The Algorithms that Fair Isaac uses are too sophisticated to give you a pat answer to that question - there are sufficient criteria that shift, so that action may cause your score to remain flat, go up or go down, depending on other circumstances. The repo weighs heavy on you no matter what.
2006-11-20 17:55:51 · answer #3 · answered by Anonymous · 0⤊ 1⤋