Buyer Beware: Credit Boosters

Mortgage and Lending with CMG Home Loans NMLS 248937

There is a widely popular TV Commercial that has a Cow telling you how to boost your credit scores... in my experience it has not helped my clients.

To be fair, I have not seen a before and after with this service, but I have seen numerous clients that have used it and they never have great scores, just a confusing report with "self reported" items adding monthly payments that need to be sorted out from the "real stuff" 

With so many automated systems running behind the scenes this is a recipe for trouble since a computer is not smart and only sees more debt. 

While this service may help someone with ZERO credit history generate a score to satisfy a landlord, it will not help (much) to fix bad, and it is unlikely to help for mortgage purposes.

"Thin credit" is one of the items mentioned in mortgage guidelines, the mortgage world doesn't trust a score generated from one or two accounts with little to no history.

Ideally you should maintain 3 active pieces of credit, you do not have to carry a balance or be in debt to have good credit, you just need activity.


When in doubt, reach out to a trusted industry expert like myself, it is much easier to answer a question than to fix an OOPS!




Thanks for Listening!

I’d be happy to put my 30+ years of experience to work for you and your clients

Robert Rauf 
Mortgage Loan Originator NMLS# 248937 
or my blog: 
Office: (732)908-4868  Cell (732)740-0175

Since 1987 I have been helping my clients fulfill their dream of home ownership! HomeBridge Financial Services, Formerly REMN, HomeBridge Financial Services is located at 9 Grand Ave, Building 2 Suite A Toms River, NJ 08753. NMLS #6521. New Jersey Licensed Lender and Mortgage Banker #L041053. Visit or for more information. NJ Mortgages, New Jersey Mortgages, Mortgages in NJ, mortgage in New Jersey, Mortgages in New Jersey, Toms River NJ 08753, Toms River NJ 08755, Brick NJ 08723, Brick NJ 08724 Mortgage in Ocean County NJ, Mortgage in Monmouth County NJ, Jackson NJ 08527, Howell NJ 07731, Lacey 08731 08734, Beachwood 08722 Bayville 08721, 

Comments (4)

George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Robert Rauf I agree, this is not a good idea.  Even if it increases the credit score, it will create a DTI issue with more monthly payments being added to their debt.  There are better ways of raising credit scores then doing this.

Mar 30, 2022 12:01 PM
Robert Rauf
CMG Home Loans - Toms River, NJ

George Souto "AMEN"!  with you I am preaching to the Choir!  and I really have never seen a benefit on the mortgage side. It just makes for a messy transaction on our end.

Mar 30, 2022 12:46 PM
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

Thanks for posting this Robert Rauf I've always wondered about those ads (even though I have not seen the cow one). My credit score is VERY high so no worries there, I just wondered how they cheat the system.

Mar 30, 2022 01:46 PM
Robert Rauf
CMG Home Loans - Toms River, NJ

Bob "RealMan" Timm It is always better to do things the "right way" - it all appears to be self reported, so effectively worthless for lending purposes

Mar 30, 2022 02:06 PM