FICO Fumble

The FICO score labyrinth can be confusing and is VERY important when it comes to purchasing a home with a mortgage.

- Paying off revolving debt (auto loan) can actually drop your FICO score. It might allow for a higher purchase price but without the appropriate FICO, a higher price becomes irrelevant.

- Paying off collections, repo's and charge off's can actually drop your FICO score by 60 points.

- When rebuilding credit do NOT open a secured or unsecured credit card.

Please call me and I can direct you to a true professional for all things pertaining to the credit bureaus. 818-326-0945 #ficoscores #mortgage #YourbestshotinRealEstate #jessejamesLA

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