John's credit score is now only 20 points from letting us qualify for a loan! All it took was a month of purchasing (about 50% of his credit limit) and paying of 95% of that amount.
Why only pay off 95%? Well, we were advised that we shouldn't pay the whole thing off because it may not have been recorded as having been used. From what we were told, credit is only recorded once a month. If the bill is paid off and then not used during the time of recording, it's as if the card was never used.
We also learned that you aren't supposed to use 50% of your credit limit. It's better to use 30%-35%.
Either way, we're pleased with the progress. Due to work schedules, we won't be able to move in January, but we may at least qualify for our loan by then.
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