I am a first time home buyer who is trying to raise my credit score in order to get an FHA loan. I have 4 unpaid collections that are more than 3 years old, I keep getting conflicting answers as to paying them off or leave them alone until after my loan goes through. I also have 2 options to be added as an authorized user on a credit card, until I can get my own card. 1 has 3k limit, is 4 years old and is maxed out. 1 has a 500 limit, is about 8 months old, and has a zero balance, both have excellent payment history. Should I use both? Or just one of the cards? Is which one will help the most?
Sep 012010
- September 1, 2010
- Posted by jedwan at 12:58 pm
- No Responses
- Rebuilding Credit
- authorized-user, Cards, Credit Card, first-time, help-the-most, home-buyer, keep-getting, Loan, months-old, zero-balance