Howdy! Thanks to advice from this board, the last negative just came off TU! Here's where I stand now: TU (told me on the phone): 643 Equifax (scorepower): 649 Experian (Credit expert): 669 the next "ding" is my use of revolving credit. I am at about 90%. What kind of increase could I expect from taking out a home equity loan and getting my ratios down to 0% on the revolving debt? Advice appreciated.
Advice from BEEN THERE AND DONE THAT. Do NOT take a home equity loan unless you RESOLVE to not use your credit cards again. Cut them up, or cancel them - at least until you get your equity line paid off. What rate have you been quoted and with which bank? I am begging to think of taking a HEL, to pay off my remaining mortgage of 41,500. First I have to find out if this can be done?
