I recently had a client that wanted to get approved for a mortgage but he unfortunately had some late payments on a credit card that was affecting his score badly. It was definite that in order for him to qualify for the loan he would need to get the late payments off his report somehow.
Updated 02/05/18 One of the biggest factors that credit models look at when calculating a credit score (it makes up 30% of a Fico score) is credit utilization. Credit utilization means how much of your credit line you utilize. The less money you spend on your credit cards, the less money you have in debt,