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Originally Posted by 6FeetUnder
Thank you very much for your answers, and great clairification, PW! I will not call to increase that credit line.
I am just trying to make the jump from 746 to 750... I'm sure every little thing will help!
Chris
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Although typically I find that most posts dealing with raising your credit score are either pointless or dealing with what is largely a waste of time and effort (IMO), it certainly is worthwhile to get your credit score into the mid-700s, especially if you are looking at refinancing or obtaining a mortgage.
Most lenders offer the best rates to borrowers with a credit score of 750-760 or higher. E-LOAN, for instance, details their best rate offer for a mortgage loan as having certain requirements; among them they state, "FICO credit score is 760 or greater."
So, while I wouldn't bother taking steps to reach for 800, etc., or as some do, ever higher numbers as if you get some prize for having the highest, I would think it prudent to try to increase a score of 746 to 760.
Of course, bear in mind, that when seeking a mortgage loan there are other factors besides your score that matter and also, lenders vary.
Best wishes.