Thread: heloc with 650 fico

Hello list!

I am about to graduate from school and would like to consolidate the debt I have into a heloc. However, as seen above, my score is lower than the 660 I keep hearing that some loan companies (for example: Quicken, Capital One) require for a higher (90-100%) heloc. Of course, as credit scores go, this score could go up or down in the next period of months depending upon how the Fico Gods decide to influence my life! Ha! Ha! Seriously though.... my primary negative is that my utilization is high, no lates, etc. My income will be satisfactory upon graduation, <50% dti. But my score!

Anyways, any help anyone could provide would be great!

Sincerely,

Charles E Meyers III

Originally posted by cem406911
Hello list!

I am about to graduate from school and would like to consolidate the debt I have into a heloc. However, as seen above, my score is lower than the 660 I keep hearing that some loan companies (for example: Quicken, Capital One) require for a higher (90-100%) heloc. Of course, as credit scores go, this score could go up or down in the next period of months depending upon how the Fico Gods decide to influence my life! Ha! Ha! Seriously though.... my primary negative is that my utilization is high, no lates, etc. My income will be satisfactory upon graduation, <50% dti. But my score!

Anyways, any help anyone could provide would be great!

Sincerely,

Charles E Meyers III

sure - check with lenders like USbank, TCF, Bremer. you could go to 100%, but your rate will be about 3% over prime.