for rapid rescore, do you have to pay off the complete balace of the credit card

If you''re doing a rapid rescore, your lender should be able to tell you exactly what you need to do to obtain the desired score. Most times it requires paying down the balance as opposed to paying it off entirely. If in IL or IA, call me for assistance.

If you are going through rapid re-score, the person who is helping with the process should know depending the Fico that you do need on how to structure your payoffs.

Typically it is best to have CC Balances below a 33% percent Debt to Limit Ratio. Meaning that if you have a credit card limit of 3300, do not exceed 1100 balance on that card. Up to this point there should not really be any negative credit reporting. As to which amount of balances should be paid of, it is best for the company who is going to be doing the rapid rescore to study the trade lines through the credit analyzer and see which trade lines are affected by which balances. Sometimes paying of a certain debt would not make a difference in a specific tradelines. I.e paying of the $500 Visa debt would not help improve any of your tradelines such as Equifax, Experian or Transunion, but paying of the 300 dollar Amex card would help take your mid fico up the necessary points which may be needed. If you are located in either CA or OR feel free to give us a call at 877-834-3340, if you have any questions or would like us to help you qualify for a home loan.

There are three ways to help your fico score with credit card debt.1) Pay it off2) Pay it down3) Raise your credit limit. The loan officer you are currently working with should know this information.