I would like to know the answer too. Anyone here know what is the answer to your question. I'll do some investigation and get back to you if I discover an good answer. You should email the people at Lending Tree as they probably could give you help..

Thank for your response Cindy,.

They are only using Exp and that is all that they will use. My Lending Tree loan guy definatly doesn't know about rapid rescore because he was amazed when I told him that I might have a way to up the score (i was hoping that by disputing it would temporarly raise my score). I am applying for the express small buisness loan, it is pretty cool because it is fast and if you don't ask for more than $50000 they don't ask for collateral or a full business plan. they only ask for projections. Is there any place I can go to find out more about rapi response?.

Ami..

Ami,.

Here is an article about Rapid Rescore:.

Http://moneycentral.msn.com/articles...sics/10319.asp.

A link to a company that does Rapid Rescore:.

Http://www.cciexpress.com/.

I am surpised your lender has never heard about this..

The Express small business Lending Tree loan is the Lending Tree loan I think I will be applying for too. Except, I will be asking for more than 50k, but I do have the collateral. I hear this Lending Tree loan is primarily score driven. I have been slowly rebuilding my credit in the last year or so, just to have a good shot at an SBA loan. Fingers crossed..

Also, I would not rule out getting UDF's from your creditors. Some can be very helpful and send to EXP that day. If they agree to do that, I would also ask the creditor to fax you a copy of the UDF to send into EXP. If you get a copy of the UDF's, **YOU MIGHT**.

Find a sympathetic person at EXP who will put the update through for you quickly, instead of the thirty days..

Hope you get your loan!.

Cindy..

Any more tips for sba Lending Tree loan I can keep my asking under 50,000,but what kind of score do they like. I have 619 and alot of inquiry well that hurt me...

Closing your account can hurt your score, having alot of account may not hurt you having a bal on more then six does. I had 49 account and a score of 730 a few of months ago,but I apply alot and got more then six accounts with bal so it's low...

If youd ont mind me asking what is your score I'm going to apppy for the same loan..

Her only issue is the fact that she has 37 accounts in good standing..

Jenami.

Here is a perfect example of fico trashing a perfectly good credit report..

Heaven forbid if there were any Negatives on it..

If this don't show you that scoring is for something other than credit worth then what does it take???.

You don't have to play their game especially when it's your marbles they are using.Pick em up and go home..

LB 59..

Before you go closing accounts, let me say that just as your lender doesn't know about Rapid Rescoring, it likely he's giving you poor advice about closing accounts, too..

Yes, the reason code says "too many accounts open", but that's because it's the only thing the matrix system CAN comment on..

Since you say there are no negatives on your wife's accounts, it behooves you to look more closely for the problem as a high number of accounts alone WILL NOT in itself keep a score low..

I say this as a commercial Lending Tree mortgage broker, Realtor and also as one who's hubby has some 47 open personal accounts and yet still has a score hovering at 780 on Exp (753 on EQ, 817 on TU)..

Look for these:.

1. Check the balance/limit ratios utilization (Credit Expert will show you the percentage of overall usage and percentage available. Make sure the "used" % is below 50%.

2. Check the "payment" columns; often 2 months worth of payment amount will show. For example, recently hubby's Citi minimum payment was $485, but because it posted 1 day after the due date, the next month's payment on his credit report was about $970 and it dropped his scores. If he had been applying for credit at that time, a lender would have thought (just as the CRA's computers calculated) that he had an ongoing monthly obligation of $970 to Citinot $485..

3. Check that she is not over the credit limit on any accounts. This will not produce a negative mark, but can lower the score..

4. If she has accounts with "no pre-set credit limits" such as CitiBank, AMEX, etc. make sure she is under the "boundary limit" that appears on her statements. For example: If her boundary limit is $10,000 and with no pre-set limit, she can charge above that amount, her payment will be 2-3% of the $10k balance, PLUS the ENTIRE amount above that. (That is, if the card is at $10,750, her payment reported will be $950, Not just the usual $200. And THAT's what will report on the CRA until the balance is paid down under the boundary limit again..

To the CRA computers, it will look as though she has an ongoing obligation of nearly $1,000 and that will lower her score..

5. Check the # of inquiries on the CRA report. Are some about to fall off? Or can you dispute them? If there are tons of inquiries, that will drop her score..

There's more to look for, but I think that gives you the general idea. Others here can/will add other things to look for, rather than closing accounts, ESPECIALLY not her oldest accounts (those actually keeps her score stable and high) and not the very newest accounts (under 2 years old)...

Hope.

More evidence scoring is a charade:.

LB 59..