Ok...need advice here...have done all i can do with credit reports..deletion's, disputes etc. FICO is still 38 points shy of obtaining a mortgage loan. My parents have a Discover card..account is over 5 years old...no late payments. BUT...the card is almost maxed out. Should i pay it down to less then 30% of the credit limit...wait for the new balance to hit the bureaus then have them add me on as an AU to try and help boost my FICO scores?
Definitely pay the balance down to under 30% first, and then wait for it to update with all the credit bureaus. Then go ahead and add yourself as an AU and you should see an improvement in your FICO scores. It's tough to say if you'll get the 38 point boost you need because there are so many other factors at play and I don't know the details of your credit profile, but it's certainly worth a shot.
In order to have the Discover card report you need to have the cardholder's billing address on your husband's credit report or else it won't report. Discover is one of the harder bank's to have AU accounts report. Most bank just ask for the name, social security number, and birth date. Thanks! Heather with BoostMyScore.NET
