Discussion in 'Credit Talk' started by alice, Mar 22, 2001.

  1. alice

    alice Guest

    My fico score is 470 yuck I 'm thinking about refinancing my home and paying off all my debts except home of course, I owe about 111000. figure house is about 160-175000.
    Do you thnk I will be able to refi and would this help out my score? Debts are about 15000.
  2. lucy

    lucy Well-Known Member

    Have you paid all your mortgage payments on time? According to my mortgage broker, who helped me get a home 2 1/2 years ago, as long as you paid your mortgage on time lenders "overlook" everything else. I will be refinancing my home in December (I have a 3 year pre-payment penalty of $2650) so I am waiting. I have only been 30 days late one time in the last 2 1/2 years. Btw, my credit scores are between 500-560 depending on the report they pull. Could be worse now, I haven't checked lately, and have too many inquiries on my report trying to get a credit card.

Share This Page