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my credit score according to my lender is 633 very close to the 640 I need, how can I raise this within a day?

by mcnama_689_865 from Avon, Connecticut. Jun 4th 2013 Reply


Shaun Weeks (sweeks)
#902 ranked lender in California - 98 contributions

Hello,The fastest thing you can do is to use a lender that goes down to a 620 credit score and I can help you with that. If you need help improving your credit please send me an offline message. It's very detailed but you can get your scores up in 3 to 5 days.

Jun 5th 2013
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James Mazzola (Mazzola)
#110 ranked lender in New Jersey - 313 contributions

Clear up and close un used credit cards

Jun 5th 2013
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Pete Bass (PeteBass)
#31 ranked lender in Connecticut - 476 contributions

You will not be able to raise your score in 1 day- Depending on your credit situation, there maybe an opportunity to have your score raised above 640- email me at pbass@nvsl.com for more information

Jun 5th 2013
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Steven Ceceri (CreativeFinancingOptionsGroup)
#36 ranked lender in Massachusetts - 723 contributions

Good Morning! Not sure what program you are trying to use, but with EverBank, we can get loans approved with scores down to 620, assuming the credit file is acceptable (derogatory items must be reviewed). We would take an application online, run credit and then run the file through the Automated U/W System. Within minutes, we could have a Pre-Approval issued to you, assuming you are looking to purchase a home. We Originate, Process, Underwrite, and Fund our own loans in our Massachusetts Offices. I am here to help if you need me, so just send me an offline direct message if you have any questions. Thank you!

Jun 5th 2013
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Tim Howard (TimHoward)
#75 ranked lender in Ohio - 52 contributions

Ask your lender to do a Rapid Rescore with the Credit company they use. It should give you a good idea if any changes can be made to your score. Typically if you're fairly close to a limit on a credit card you can pay it down a bit to increase your score. It's by no means guaranteed though, meaning you can pay down a particular credit card expecting say 10-12 points and not see any change once the rescore has been finalized so it does have its inherent risks. The process usually takes 5-7 business days to complete. Good luck!

Jun 5th 2013
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Joe Shamie (Joe Shamie)
#4 ranked lender in New Jersey - 1,412 contributions

Any lender using a good Credit Report compnay should have the ability to go into their reporting system and tell the system waht kind of increase in score you want and how much cash you may have avialble to paydown some of your debt.. Their system will come back with a few diferent scenarios that will make the most efficient use of your cash and will tell you what kind of increase you can expect from each of the three credit buraus based on the recommended action.

Jun 5th 2013
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,875 contributions

It all depends on what is on your credit report. No one here can help assess that question without seeing a copy of your credit report.

Jun 5th 2013
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- - (Voted.Best.Rates.and.Service)
#12 ranked lender in New York - 374 contributions

You could also look for a lender that accepts 633 FICO score. We offer financing with such credit score.

Jun 5th 2013
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Jason Vondrak (jvondrak)
#218 ranked lender in California - 1,741 contributions

You will not be able to raise your credit score in just one day, however paying down credit card balances to clear up any debt that you have will help it improve quickly.

Jun 5th 2013
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Scott Murphy (scottmmurphy)
#22 ranked lender in Massachusetts - 15 contributions

Tim and Joe have both already nailed down a great answer between them. Failing not having a program which goes down to 620, there may be some moves which can be made which will help improve your score in a short time frame. Identifying the move can take 24 hours, then the move will need to be made, supporting documentation will need to be provided, and then a rescore can be performed by all three bureaus within a few days. PLEASE NOTE: Paying down revolving debt is helpful, but closing established and unused credit cards is a big NO-NO as it will raise your total utilization against your total limit and actually LOWER your score. For example, going from 3 x $1000 limit credit cards (total limit = $3000) with a combined balance of $1500 ($1500/$3000 = 50% utilization) to 2 x $1000 limit credit cards ($2000 limit) with a combined balance of $1500 ($1500/$2000 = 75% utilization) is a bad thing and will hurt your score. Repeat - Do NOT close your credit cards which have an established history. And in closing... Here at AnnieMac we do have programs which go down to 620 and we also have the ability to perform a Rapid Rescore as well. Please give me a shout if you'd like some help. 781-258-1293. Thanks and good luck!

Jun 5th 2013
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Mohamed Aboulwafa (CaliberFunding)
#914 ranked lender in California - 3 contributions

Very informative and good answers. I offer a credit builder loan. It builds your credit so you can get the best rate available. Please call me at 949-355-1219 Mo.

Jun 5th 2013
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