USA - Credit score

[Nightshade]

I'm everyone's friend. want a hug?

I beg to differ. You clearly hate comedy.

[Mr.Sparkle?]

nice, exactly what I was looking for. I got a 792, and I'm guessing the stuff they put below was a disclaimer then.

It had a bunch of crap under my score in the "following key factors affected your score" section that didn't make sense. I cleaned my credit reports of all faulty data and closed any open unuded accounts last year.

I didn't have an issue securing a mortgage approval, I'm guessing I let the disclaimer bug me...

You have a nice credit score. There are alot of factors when lenders decide if they want to go ahead and give you money or what not.

There are three big credit bureaus in the United States: Experian, Equifax, and TransUnion. There is also Trimerge but I'm sure it uses all three credit scores from the different bureaus. Also depending on the lender and which company they use to look up your credit score might impact their decision. Since not all bureaus have the same credit score, some companies like using Trimerge.

Lenders don't like to see their borrowers have a lot availability rate. Let's say you have a total of $25,000 line of credit and you maxed out on it and have an availability rate of less than 10% or even 30% then it won't be good. It also depends on your total revolving balance. High revolving balance and low availabity rate is pretty bad.

And how long is your credit history? If you have that Fico score of 792 with more than 10 years of credit history then its awesome. Don't forget, its always good to have some revolving balance. People with excellent credit score can have a mortgage, financing a car, and a low CRC debt. Multiple credit cards are always healthy for you credit score also. I wouldn't sweat it if I were you, you should be fine with the new mortgage. Good luck man.